The value of beef exports in 2022 is estimated at €2.52 billion, which represents an increase of €384 million or 18% on 2021. Similarly, the value of beef offal exports rose by 17% to €134 million leaving the combined value of beef and offal exports 18% higher at an estimated €2.65 billion.

The outlook for beef export markets remaind uncertain for 2023. Global and EU supplies look set to remain well balanced, however the impact of cost of living factors and consumer sentiment on beef purchasing behaviour will remain a critical factor in determining price developments.

Despite the ongoing pressures being faced by the sector, Irish pigmeat export values were 2% higher in 2022 at €540 million, as higher prices helped to offset some reduction in export volumes as the year progressed. However, pig producers were faced with unprecedented production costs, which severely impacted on viability for much of the year.

The invasion of Ukraine continues to have a profound impact on the EU pigmeat sector due to its impact on feed and energy prices, the two main inputs for pig producers.

Overall, Irish poultry export values are estimated to have increased by 14% in value terms to €143 million during 2022, with volumes up 3% at 78,000 tonnes.

The global poultry industry is expected to show further recovery in 2023 despite the operational challenges faced by the sector. A weaker economic climate will lead to more price-driven consumer behaviour, which supports poultry consumption. However, AI is now an endemic in many countries, and restrcitions around trading breeding stock could lead to an ongoing tight supply.

The value of sheepmeat exports increased by 17% to €475 million while the volume of exports increased by 10% to 75,000 tonnes. This is the third consecutive year in which Irish sheepmeat exports recorded volume and value growth.

The consumer response to ongoing inflationary pressure is expected to continue  to affect Irish sheepmeat exports during 2023, particularly within the EU. Higher input costs at both farm and processing level will challenge margins in the sector combined with likely weaker demand from key export markets.

The live export trade continues to provide an important alternative market for the Irish livestock sector with exports valued at €230 million during 2022. This represents an 8% increase from €215 million in 2021.