The meat exports in the UK have shown significant fluctuations over the years, starting at 754.47 thousand metric tons in 2013. From 2013 to 2017, there was a general upward trend, despite a notable dip in 2015. The period from 2018 to 2023 exhibited consistent growth, albeit with minor variances, leading to a recorded value of 965.46 thousand metric tons in 2023. Year-on-year variations have ranged from slight decreases to stable growth, reflecting the market's fluctuations and resilience. For instance, the market experienced a 2.07% increase in 2023 compared to the previous year. The CAGR over the last five years stands at 3.03%.
Future trends to watch for include a forecasted 5-year CAGR of 1.44% from 2024 to 2028, suggesting a steady and moderate growth in meat exports with a projected value of 1060.0 thousand metric tons by 2028. Market participants should monitor global trade policies, animal health issues, and consumer preference shifts towards alternative proteins, which might impact future export volumes. These factors could either bolster or restrain the growth trajectory of UK meat exports.
