Spain: Meat companies react to the Chinese boycott by promoting exports to Mexico and the US

Published 2024년 6월 24일

Tridge summary

The Spanish pork industry is facing a potential crisis following the initiation of an antidumping investigation by China, which could lead to tariffs on pork imports from the European Union, affecting Spain as the largest pork exporter to China within the EU. In response, the industry is looking to diversify its markets by expanding exports to Mexico and the United States, and exploring opportunities in Asian and European countries. This process can take up to three years due to the need for export certificates and inspection protocols. The investigation, which lasts at least a year, primarily targets fresh or frozen pork meat, edible offal, and tripe, excluding Iberian ham and sausages.

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

Original content

The Spanish pork sector is at a crossroads after the antidumping investigation opened by China. With exports that reached 1,223 million euros in 2023 – a decrease compared to 3,187 million euros in 2020 – the industry seeks to consolidate in new international markets to mitigate the potential impact of the measures that the Asian giant could impose. Increase in exports to the United States and Mexico Meat industries are considering expanding their exports to high-value markets such as Mexico and the United States. These countries, with a strong tradition of pork consumption, can become solid alternatives to the possible loss of competitiveness in China. Spanish pork exports to Mexico increased in 2022 by more than 56% in volume and by almost 76% in value compared to the previous year. Spain sent almost 25 thousand tons of pork, with a value that exceeded 78 million euros, according to data managed by the Interprofessional Agri-Food Organization of White-Caped Pork (INTERPORC). ...

Source: Agromeat