The price per unit of meat and poultry meat products in the UK experienced fluctuating trends from 2009 to 2019, initially rising from 4.7 Euros in 2009 to a peak of 6.1 Euros in 2019. A noticeable year-on-year increase was recorded between 2018 and 2019, marking a rising demand or supply chain pressures. The compound annual growth rate (CAGR) over the last five years up to 2019 reflects a moderate upward trajectory. By 2023, the price stood higher compared to previous years.
Future trends to watch for include:
- Potential impacts of Brexit and global trade agreements on meat import costs.
- Influence of inflationary pressures and changes in consumer dietary preferences.
- Increasing focus on sustainability and plant-based alternatives potentially affecting demand.