Rabobank predicts a 3-4% decline in EU pork production for 2023, following a 5% drop in the first ten months of 2022. This decrease is due to various extents of decline in major producing countries, except the UK, which saw a 2% increase. EU pork exports fell by 18% in the year to October, with a 43% decrease in volumes to China. High piglet prices have improved margins for breeding pigs but pressured fatteners. Global pork trade is expected to see a slight increase in Q1 2023, although growth may be limited due to supply constraints in exporting countries and demand increases in importing countries. The reopening of China's pork market will impact global supply-demand balance, but local production growth in Southeast Asia and China may reduce import demand.