Turnover in the Portugal pork sector reaches 911 million euros in the 1st half

Published 2021년 9월 10일

Tridge summary

The Portuguese swine industry saw its best semester ever, with a turnover of around 911 million euros in the first half of 2021, as reported by the Portuguese Federation of Swine Producers Associations (FPAS). This period also marked the best export performance of pork and its derivatives in the industry's history, with a 10.8% increase in year-on-year terms. For the first time, Portugal's trade balance was under 100 million euros, and China became the main country with which Portugal conducts pork trade, marking a 169.7% increase in turnover. However, exports experienced instability due to a sudden halt in Chinese imports.

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

Original content

The Portuguese Federation of Swine Producers Associations (FPAS) reveals the accounts of the Portuguese swine industry and concludes that a turnover of around 911 million euros was registered, in a cumulative production and industry. This was also the semester with the best export performance ever, of pork and its derivatives. In the first six months of the year, the pork sector broke records and registered a turnover in the order of 911 million euros. This is already considered as the best period ever in terms of performance of national pork exports. Although the agricultural prices of SIMA only indicate the value of exports since 2015, it is possible to conclude, by extrapolation with the exported volumes, that the first half of 2021 was the time when most pork, meat and their derivatives were exported. This data is highly relevant considering the circumstances experienced since the first half of 2020. In year-on-year terms, Portugal increased its external business volume by ...

Source: Tecnoalimentar