The European Union’s beef exports are expected to decrease by 8% compared with 2017, thus returning to the 2016 level, according to the recent EU Agricultural short-term outlook.
EU beef exports are forecast to slightly recover in 2019 (-2%). The EU member states will export more low-value cuts and will increase shipments to smaller market and gain access again to certain (niche) markets.
The report says that this year there is reduce potentatial for expansion, “inter alia in Turkey, where much will depend on the economic situation.”
Key world players, such as the US, Australia, New Zealand, and Brazil, are exporting more to traditional EU export markets (Hong Kong, Israel, Switzerland and the Philippines) and are expected to continue putting pressure on the world market by the end of this year.
