{"id":4818,"date":"2025-03-10T16:55:36","date_gmt":"2025-03-10T16:55:36","guid":{"rendered":"https:\/\/meatpromotion.wales\/?p=4818"},"modified":"2025-03-10T16:55:36","modified_gmt":"2025-03-10T16:55:36","slug":"annual-figures-show-headline-changes-in-trade-trends","status":"publish","type":"post","link":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/","title":{"rendered":"Annual figures show headline changes in trade trends"},"content":{"rendered":"

Trends underlying the red meat trade figures released for 2024 reveal likely and significant impacts on both beef and lamb domestic and export market dynamics in the future.<\/p>\n

Recently released UK trade figures are the focus for this month\u2019s Hybu Cig Cymru-Meat Promotion Wales\u2019 (HCC) Market Bulletin. <\/em><\/p>\n

They show UK beef production increased by four per cent while sheep meat production declined by seven per cent in 2024. The rise in beef production was driven by a three per cent increase in total throughput, while the number of sheep and lambs processed fell by eight per cent compared to 2023 data.<\/p>\n

\u201cThese changes in domestic production, recorded by Defra, have directly impacted the availability of meat for export and contributed to notable shifts in red meat trade dynamics in 2024,\u201d commented Glesni Phillips, HCC\u2019s Intelligence, Analysis & Business Insight Executive.<\/p>\n

HMRC figures indicate UK sheep meat exports totalled around 79,500 tonnes, down some six per cent from 2023. However, the total value of these exports rose by seven per cent, reaching \u00a3582.8 million. \u201cThis was likely due to strong UK and global farmgate prices,\u201d said Glesni. \u201cSubdued volumes are possibly a result of tight domestic supplies, with production falling by seven per cent in the UK to 266,500 tonnes.<\/p>\n

\u201cDespite this, export levels in 2024 were higher than both 2022 and 2021. Exports to both the EU and non-EU markets fell, with Ireland and Germany seeing the largest decreases in tonnage.\u201d<\/p>\n

UK imports of sheep meat surged by forty per cent on the year, reaching 67,880 tonnes \u2013 the highest level since 2018. \u201cThis was driven primarily by increased imports from New Zealand – up 14,300 tonnes – and Australia – up 6,500 tonnes,\u201d said Glesni. These two markets now account for 86 per cent of UK sheep meat imports, up from 78 per cent in 2023.<\/p>\n

\u201cThe rise in imports reflects lower prices from the Southern Hemisphere along with the new Free Trade Agreements, a tight domestic supply and record level deadweight prices in the UK. Imports have grown in order to meet demand \u2013 which has spiked around key religious festivals,\u201d observed Glesni.<\/p>\n

Further HMRC data identified the UK exported nearly 113,000 tonnes of beef during 2024, a nine per cent year-on-year increase. The total value of these exports grew by 16 per cent, reaching \u00a3567.2million. \u201cThis growth was largely driven by increased shipments to France, Canada, and the Netherlands,\u201d said Glesni.<\/p>\n

Ireland remained the top destination for UK beef but its share dropped from 34 per cent in 2023 to 29 per cent, with a seven per cent decrease in imports to 32,500 tonnes. UK beef imports also rose during the year, with volumes up eight per cent to 240,700 tonnes. The value of these imports increased on the year by 11 per cent, reaching to \u00a31.4 billion. Ireland remained the main supplier and the volume of Irish beef imported grew by 13 per cent. Shipments from both New Zealand and Australia also saw growth and accounted for almost 50 per cent of volumes from non-EU countries.<\/p>\n

Export data for the year showed the total value of red meat (fresh\/frozen) exports from Wales reached \u00a3277.4 million \u2013 nine per cent higher than a year earlier. Beef exports were also estimated to be nine per cent higher, reaching almost 16,000 tonnes, with their value also rising by 16 per cent. For sheep meat, domestic supply constraints led to a seven per cent decrease in export volumes to an estimated 27,200 tonnes. \u201cDespite this decline, the value of sheep meat exports increased by six per cent on the year, driven by stronger farmgate prices,\u201d said Glesni.<\/p>\n

The Market Bulletin <\/em>can be found on the HCC website: https:\/\/meatpromotion.wales\/en\/market-intelligence\/market-bulletin\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Trends underlying the red meat trade figures released for 2024 reveal likely and significant impacts on both beef and lamb domestic and export market dynamics in the future. Recently released UK trade figures are the focus for this month\u2019s Hybu Cig Cymru-Meat Promotion Wales\u2019 (HCC) Market Bulletin. They show UK beef production increased by four … Continued<\/a><\/p>\n","protected":false},"author":4,"featured_media":4389,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-4818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-supply-chain"],"acf":[],"yoast_head":"\nAnnual figures show headline changes in trade trends - Hybu Cig Cymru<\/title>\n<meta name=\"description\" content=\"Hybu Cig Cymru- Meat Promotion Wales. In HCC\u2019s orbit, new developments happen daily, in both our home or international export markets, our family farm network or around industry policy matters. When things happen, you will read about them here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Annual figures show headline changes in trade trends - Hybu Cig Cymru\" \/>\n<meta property=\"og:description\" content=\"Hybu Cig Cymru- Meat Promotion Wales. In HCC\u2019s orbit, new developments happen daily, in both our home or international export markets, our family farm network or around industry policy matters. When things happen, you will read about them here.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/\" \/>\n<meta property=\"og:site_name\" content=\"Hybu Cig Cymru\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-10T16:55:36+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/meatpromotion.wales\/wp-content\/uploads\/2025\/01\/Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"580\" \/>\n\t<meta property=\"og:image:height\" content=\"326\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/\",\"url\":\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/\",\"name\":\"Annual figures show headline changes in trade trends - Hybu Cig Cymru\",\"isPartOf\":{\"@id\":\"https:\/\/meatpromotion.wales\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/meatpromotion.wales\/wp-content\/uploads\/2025\/01\/Image.jpg\",\"datePublished\":\"2025-03-10T16:55:36+00:00\",\"dateModified\":\"2025-03-10T16:55:36+00:00\",\"author\":{\"@id\":\"https:\/\/meatpromotion.wales\/en\/#\/schema\/person\/b193707c8e5eeb8e7c600f33a0b7e6c8\"},\"description\":\"Hybu Cig Cymru- Meat Promotion Wales. In HCC\u2019s orbit, new developments happen daily, in both our home or international export markets, our family farm network or around industry policy matters. When things happen, you will read about them here.\",\"breadcrumb\":{\"@id\":\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#primaryimage\",\"url\":\"https:\/\/meatpromotion.wales\/wp-content\/uploads\/2025\/01\/Image.jpg\",\"contentUrl\":\"https:\/\/meatpromotion.wales\/wp-content\/uploads\/2025\/01\/Image.jpg\",\"width\":580,\"height\":326},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/meatpromotion.wales\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Newsroom\",\"item\":\"\/newsroom\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Annual figures show headline changes in trade trends\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/meatpromotion.wales\/en\/#website\",\"url\":\"https:\/\/meatpromotion.wales\/en\/\",\"name\":\"Hybu Cig Cymru\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/meatpromotion.wales\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/meatpromotion.wales\/en\/#\/schema\/person\/b193707c8e5eeb8e7c600f33a0b7e6c8\",\"name\":\"Nia\",\"url\":\"https:\/\/meatpromotion.wales\/en\/newsroom\/author\/nia\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Annual figures show headline changes in trade trends - Hybu Cig Cymru","description":"Hybu Cig Cymru- Meat Promotion Wales. In HCC\u2019s orbit, new developments happen daily, in both our home or international export markets, our family farm network or around industry policy matters. When things happen, you will read about them here.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/","og_locale":"en_US","og_type":"article","og_title":"Annual figures show headline changes in trade trends - Hybu Cig Cymru","og_description":"Hybu Cig Cymru- Meat Promotion Wales. In HCC\u2019s orbit, new developments happen daily, in both our home or international export markets, our family farm network or around industry policy matters. When things happen, you will read about them here.","og_url":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/","og_site_name":"Hybu Cig Cymru","article_published_time":"2025-03-10T16:55:36+00:00","og_image":[{"width":580,"height":326,"url":"http:\/\/meatpromotion.wales\/wp-content\/uploads\/2025\/01\/Image.jpg","type":"image\/jpeg"}],"author":"Nia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Nia","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/","url":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/","name":"Annual figures show headline changes in trade trends - Hybu Cig Cymru","isPartOf":{"@id":"https:\/\/meatpromotion.wales\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#primaryimage"},"image":{"@id":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#primaryimage"},"thumbnailUrl":"https:\/\/meatpromotion.wales\/wp-content\/uploads\/2025\/01\/Image.jpg","datePublished":"2025-03-10T16:55:36+00:00","dateModified":"2025-03-10T16:55:36+00:00","author":{"@id":"https:\/\/meatpromotion.wales\/en\/#\/schema\/person\/b193707c8e5eeb8e7c600f33a0b7e6c8"},"description":"Hybu Cig Cymru- Meat Promotion Wales. In HCC\u2019s orbit, new developments happen daily, in both our home or international export markets, our family farm network or around industry policy matters. When things happen, you will read about them here.","breadcrumb":{"@id":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#primaryimage","url":"https:\/\/meatpromotion.wales\/wp-content\/uploads\/2025\/01\/Image.jpg","contentUrl":"https:\/\/meatpromotion.wales\/wp-content\/uploads\/2025\/01\/Image.jpg","width":580,"height":326},{"@type":"BreadcrumbList","@id":"https:\/\/meatpromotion.wales\/en\/newsroom\/annual-figures-show-headline-changes-in-trade-trends\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/meatpromotion.wales\/en\/"},{"@type":"ListItem","position":2,"name":"Newsroom","item":"\/newsroom"},{"@type":"ListItem","position":3,"name":"Annual figures show headline changes in trade trends"}]},{"@type":"WebSite","@id":"https:\/\/meatpromotion.wales\/en\/#website","url":"https:\/\/meatpromotion.wales\/en\/","name":"Hybu Cig Cymru","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/meatpromotion.wales\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/meatpromotion.wales\/en\/#\/schema\/person\/b193707c8e5eeb8e7c600f33a0b7e6c8","name":"Nia","url":"https:\/\/meatpromotion.wales\/en\/newsroom\/author\/nia\/"}]}},"_links":{"self":[{"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/posts\/4818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/comments?post=4818"}],"version-history":[{"count":1,"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/posts\/4818\/revisions"}],"predecessor-version":[{"id":4821,"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/posts\/4818\/revisions\/4821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/media\/4389"}],"wp:attachment":[{"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/media?parent=4818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/categories?post=4818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/meatpromotion.wales\/en\/wp-json\/wp\/v2\/tags?post=4818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}