EU commodities outlook to 2032

Published 2022년 12월 14일

Tridge summary

The European Union's cereal production is projected to decrease by 1.1 million tons below the average production of 309 million tons by 2032, due to a slight decrease in the cereal area and lower yields. However, human consumption of cereals is expected to increase by 3.9% to 69.3 million tons in 2032. The total volumes traded are also expected to increase by 5.8% to 78.5 million tons. EU producer prices are predicted to decrease slightly over the next three years, but not fall below pre-COVID levels until 2032. Oilseed production is expected to increase to 32.9 million tons in 2032, and the EU is likely to remain a net importer of oilseeds and protein crops through to 2032.

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

Original content

Given that the EU cereal area is slightly decreasing and due to lower yields, in 2032 overall EU cereal production is expected to fall to 1.1 million t below the 2020-2022 average production of 309 million t (to 308 million t). The EU's use of cereals in animal feed is expected to drop to 150.5 million t in 2032 (-6.1 % compared to 2020-2022). At the same time, human consumption of cereals is expected to reach 69.3 million tons in 2032 (+3.9%). Total volumes traded are expected to increase to 78.5 million t in 2032 (+5.8%), in line with the relative competitiveness of EU producers (greater for wheat and barley, lower for maize and rice). While EU producer prices are expected to come down again slightly over the next 3 years, they are not projected to fall below pre-COVID levels until the end of the projection period (2032). While the area for oilseed crops is set to decline, average yields are expected to continue to increase (albeit without surpassing historical record yields). ...

Source: Pig 333