EU: Beef production and consumption continue to fall

Published 2023년 1월 3일

Tridge summary

The article forecasts a decline in the dairy and suckler cow herds in the EU by 2032 due to low profitability and environmental concerns, with the suckler cow herd expected to decrease by 6%. Despite this, advancements in technology and eco-schemes under the new CAP may slightly mitigate this trend. Beef consumption in the EU is projected to continue decreasing due to high prices and limited availability, with per capita beef consumption predicted to drop from 10.3 to 9.5 kg by 2032. However, meat exports are expected to rise, making up for the decline in live animal exports. Beef prices are anticipated to stabilize at around EUR 4 000/t after a year of high prices in 2022, driven by high international demand.

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

Original content

The dairy herd should decline progressively, while the suckler cow herd is set to decrease to 9.9 million head by 2032 (-636 000 head or -6 %), due to low profitability and increasing environmental concerns. The overall decline hides opposing developments in different EU countries. Coupled income support and certain eco-schemes under the new CAP, together with a relatively good price outlook will only dampen this trend, not reverse it. The average slaughter weight will continue its slightly upward trend thanks to advanced technologies (e.g. management of germinal products) and a larger share of beef-type animals in the productive herd, while a shift to organic and more extensive production systems may partially counteract this trend. After COVID-19, EU beef consumption continued decreasing in 2022 because of low availability and high prices. It should follow this downward trend during the next ten years. By 2032, per capita beef consumption may drop from 10.3 to 9.5 kg (-7.8 %). ...

Source: EuroMeat