EU pork market: production gains but weaker exports pressure prices

Published 2024년 9월 11일

Tridge summary

EU-27 pig meat production has seen a growth of 2% in the first half of 2024, totaling 10.5m tonnes, with Poland, Germany, and Denmark experiencing the largest increases. However, Spain saw a decline. Slaughter numbers also increased, with Poland seeing the largest growth. Despite increased production, EU imports of pig meat have fallen by 3,500 tonnes to 69,900 tonnes, with the UK and Chile being the largest volume providers. EU pig meat export volumes have fallen by 4% year on year, with China remaining the largest destination for EU pork exports. Due to the increase in production and tepid domestic and international demand, prices have shifted lower, with the EU S grade pig price seeing a weekly decline to 179.49p/kg for the week ending 01 September.

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

Original content

Pig meat production in the EU-27 has seen some resurgence in growth in the first six months of the year compared to 2023. Across the continent, we have seen production total 10.5m tonnes in the first half of 2024, growth of 164,000 tonnes (2%) from 2023. This growth has been driven by production gain across most EU nations. Poland saw the largest increase up 80,000 tonnes to sit at 934,000 tonnes so far this year. Germany, the second largest producer in the EU, made production gains of nearly 19,000 tonnes to reach just under 2.1m tonnes up to June, while Danish production grew 2% to 673,000 tonnes. However, Spain (the largest producer in the EU) saw a decline of just over 27,000 tonnes to 2.46m tonnes in 2024 so far. Source: European Commission On the whole, gains in production over the past year have been driven by increased slaughter numbers. Slaughter in the EU-27 bloc grew by 122,000 head up to June 2024, to sit at just under 110m head. Polish pig kill increased by 634,000 ...

Source: Ahdb