EU medium-term outlook on red meat

Published 2022년 12월 14일

Tridge summary

The European Union's medium-term outlook for the agricultural sector predicts a decline in beef production and consumption, with a slight increase in sheep and goat meat production, and a decrease in pork production and consumption by 2032. Beef and lamb exports are expected to grow, while pork exports are projected to decline due to recovery in Chinese production. Prices for beef, lamb, and pork are expected to stabilize or decrease from the highs reached in 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The latest medium-term outlook has been released by the EU, looking out to 2032. The outlook is available here or read our summary of the key takeaways below: Beef Beef production is expected to fall, with EU gross beef production predicted to continue declining to 0.6 million tonnes (-9%) by 2032 driven by a decline in the cow herd of 2.8million head (-9.1%). A slight decline in consumption is expected to continue across the next ten years. By 2032, per capita beef consumption may drop from 10.3kg to 9.5kg (-7.8%). EU beef and veal exports are due to grow by 2032 (+1.1% per year), mainly thanks to continuing demand from existing trade partners. Future trade agreements between the UK and Australia/US (not accounted for in the EU baseline) might change this picture drastically. EU beef imports rebounded in 2022, following Brexit and Covid 19 implications. In the coming years, imports will slowly increase and reach close to pre-COVID levels by 2032. Beef prices are expected to ...
Source: Ahdb

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