Genesus global market report: Europe March 2023

Published 2023년 3월 3일

Tridge summary

Europe is experiencing a decline in its pig herd and record high pig prices, with around 6% to 7% fewer pigs in 2022 compared to the average from 2017 to 2020. This decrease is attributed to increased production costs, legislation for environmental and animal welfare, environmental impact of pork production, and disease. Despite pork consumption in Europe expected to decrease by 7.2% by 2031, demand for pork remains high as long as it tastes good. The Genesus Jersey Red Duroc breed is leading in the production of high marbled, tender pork, which drives demand and higher prices in the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

There are officially 44 counties that are in Europe, 27 of these are in the EU. Each country is individual with its own market requirements. The comments in this report are general. Across Europe we are seeing record high pig prices and a declining pig herd. Its impossible to know exact numbers, but most indicators are there were about 6% to 7% less total pigs in Europe at the end of 2022 (134.3 million) than the average from 2017 to 2020 (about 143 million). Pig population in Europe 2017 145.5 million 2018 143.5 million 2019 143.1 million 2020 145.9 million 2021 141.6 million 2022 134.3 million Data from Statista suggests pig meat consumption in Europe will fall by 7.2% by 2031 vs a decline in meat consumption of 2.8%. So, what is going wrong for the pig industry in Europe. And can anything be done to stop the decline. Pig farmers in the European region are the most heavily legislated in the world for both environmental and animal welfare reasons. Regardless of this being wright ...
Source: Thepigsite

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