EU pork is facing increased production with demand

Published 2021년 10월 19일

Tridge summary

The first half of 2021 saw a rise in pork production in key EU countries, with China's exit from the German pork market being the only exception. There was a overall growth of 4.1% in the EU's pork production, totaling 466,000 tons. However, the sector is projected to slow down its growth due to increased feed costs, with an expected annual growth of 1.7% in 2021 and 0.6% in 2022. Despite stable pork prices in China due to excess supply, EU pork exports to China, as well as to other countries like the Philippines, Vietnam, and Hong Kong, have experienced growth in the first half of 2021. The EU pork export volume increased by 121,000 tons compared to the previous year, with a projected growth of 6% in 2021 and 7% in 2022.

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

Original content

As a result of the changes caused by COVID-19 in 2020, slaughter statistics during the first half of 2021 show a significant increase in production in the main producing countries: ES (+ 4.1% compared to the previous year), NL (+ 9.9%), DK (+ 10%), PL (+ 5.7%) and IT (+ 11%). In Germany, the loss of the Chinese market due to the PSA and the consequent price drop already had an impact on production (-1.2%). Overall, EU pork production grew by 466,000 t in the first half of 2021 (+4.1% yoy). In response to this situation, and in the face of rising feed costs, the EU swine sector is expected to react by slowing down production growth. Annual production growth for 2021 is forecast at 1.7% over the previous year. In 2022, this trend may continue, with an expected annual growth of 0.6%. EU pork prices peaked in June and have fallen steadily since then, to almost EUR 140/100 kg in September. These low prices negatively affect the margins of EU pig producers, but give European pork a ...

Source: 3tres3