EU pig production is expected to fall by 0.5% annually over the next decade

Published 2024년 12월 12일

Tridge summary

The European Union's pig sector is expected to face a decline in production and consumption due to African Swine Fever and shifting consumer preferences, according to a European Commission report. Production is projected to decrease by 0.5% per year from 2022-2024 to 2035, leading to a reduction in per capita consumption by 0.4% per year. The UK could become the largest EU pork export destination, but the EU will need to diversify its export portfolio as import demand in other countries may decrease. Additionally, pork prices are expected to remain higher than historical averages due to increased costs and a tighter supply in the EU.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The EU pig sector is currently heavily influenced by the presence of African Swine Fever (ASF). Although no major or uncontrolled outbreaks are expected, the implementation of stricter regulations in some EU countries and decreased export opportunities are reducing production, according to the 2024-2035 long-term forecast report published by the European Commission. EU pig meat production is projected to decline by 0.5% per year between the 2022-2024 and 2035 average, which is equivalent to a reduction of around 1.2 Mt compared to 2022-2024. Environmental and social concerns will continue to negatively affect consumer preferences for pork in the EU. In addition, the relatively high fat content compared to other types of meat may be less favourable for some consumers. EU per capita consumption is therefore projected to decline by 0.4% per year, reaching 30 kg in 2035, a 5% drop compared to the already lower levels recorded between 2022 and 2024. Export market changes Production ...

Source: Agrodigital