€2.65 billion worth of Irish beef and offal exported in 2022

Published 2023년 1월 11일

Tridge summary

Irish beef and beef offal exports experienced an 18% increase in 2022, reaching a estimated value of €2.65 billion, with beef exports alone bringing in €2.52 billion. This growth is due in part to a more orderly exporting pattern and higher prices for main cuts, driven by reduced beef availability in the UK and EU, and decreased imports of beef from third countries. However, the trend shifted later in the year due to increased competition and consumer resistance to higher prices. The report also highlighted a 60% increase in value added beef exports, primarily to the UK, France, Germany, Spain, and Denmark. Exports to the UK increased by 15%, while those to Continental European markets grew by 26%, accounting for half of the overall value of Irish beef exports. Meanwhile, international exports, mainly to Japan and the Philippines, saw a 10% decline.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The combined value of Irish beef and beef offal exports increased by 18% in 2022 to an estimated value of €2.65 billion. The Bord Bia Export Performance and Prospects Report 2022/2023 which was published today (Wednesday, January 11) outlined that the value of beef exports in 2022 is estimated at €2.52 billion, which represents an increase of €384 million or 18% on 2021 figures. The report also outlined that the value of beef offal exports increased by 17% to €134 million, leaving the combined value of beef and offal exports 18% higher than 2021 at an estimated €2.65 billion. According to the report, cattle throughput grew by more than 7% or 120,000 head at Irish meat plants, contributing to a 9% increase in the volume exported at 512,000t. According to Bord Bia, the higher export volumes are partly attributable to the more orderly exporting pattern in 2022 in contrast to 2021, when trade to the UK was distorted at the start of the year as the threat of a no-deal Brexit eased. ...

Source: AgriLand