Irish sheepmeat exports record growth for third year in a row

Published 2023년 1월 12일

Tridge summary

Irish sheepmeat exports experienced a third consecutive year of growth in 2022, with a 17% increase in value reaching €475 million and a 10% rise in volume to 75,000t. Despite these positive figures, high input costs led to disappointing lamb prices for farmers. The first half of the year saw tight global supplies and stable consumer demand, resulting in strong prices for producers, while the second half was affected by higher production costs and poor grass-growing conditions. This impacted the availability of lambs for processing, reducing demand in key markets due to inflation and the availability of UK and southern hemisphere sheepmeat.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The 2022 year saw Irish sheepmeat exports, for the third year in a row, record volume and value growth. Figures released by Bord Bia in its Export Performance and Prospects Report 2022/2023 show that Irish sheepmeat exports in 2022 were valued at €475 million, an increase of 17% on 2021. At the same time, the volume of exports increased by 10% to reach 75,000t. However, although the figures are positive, it won’t be of much comfort to Irish sheep farmers with lamb prices in 2022 not living up to expectations in a year of high input costs. Bord Bia did say that it was a year of two halves, with global supplies of sheepmeat tightening combined with stable consumer demand contributing to strong prices for Irish sheepmeat producers in the first half of 2022. Advertisement The second half of the year however, Bord Bia said, saw higher costs of production and more difficult grass-growing conditions which had a negative impact on lamb performance and the availability of lambs for ...
Source: AgriLand

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