United Kingdom: Meat Market 2024

Meat Market Size in the UK

The UK meat market fell modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Meat Production in the UK

In value terms, meat production reached $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of meat in the UK shrank to X kg per head in 2022, declining by X% compared with the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head, and then fell slightly in the following year.

In 2022, the number of animals slaughtered for meat production in the UK stood at X heads, growing by X% on the year before. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. Over the period under review, this number hit record highs at X heads in 2019; however, from 2020 to 2022, producing animals remained at a lower figure.

Meat Exports

Exports from the UK

After two years of decline, shipments abroad of meat increased by X% to X tons in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, meat exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), China (X tons) and Ireland (X tons) were the main destinations of meat exports from the UK, with a combined X% share of total exports. Germany, the Netherlands, the Philippines, Poland, Belgium, the United States, South Africa, Hong Kong SAR, Italy and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for meat exports from the UK, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Germany (X% per year).

Export Prices by Country

The average meat export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into the UK

In 2022, overseas purchases of meat decreased by X% to X tons, falling for the fourth year in a row after seven years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, meat imports contracted modestly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ireland (X tons) constituted the largest meat supplier to the UK, accounting for a X% share of total imports. Moreover, meat imports from Ireland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Denmark (X% per year).

In value terms, Ireland ($X) constituted the largest supplier of meat to the UK, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :