EU pork exporters are losing market share in Oceania

Published May 10, 2024

Tridge summary

The article highlights the dynamics of the EU pork market in Oceania, with a focus on Australia and New Zealand, and the challenges and opportunities faced by European exporters in the face of increased competition from North America. In the first quarter of 2024, Australia experienced a significant surge in pork imports, predominantly from the US, which notably increased its supply by 272%, resulting in a substantial rise in its market share. This surge has led to a decrease in market share for EU countries, especially Denmark, the Netherlands, and Ireland. Conversely, Canada has seen success in both Australia and New Zealand, despite a slight overall decrease in pork imports in New Zealand. The higher offer prices and increased transportation costs from Europe are pl Pl Pl likely factors contributing to the US's increased competitiveness in the region.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Oceania is not the most important for EU pork sales Oceania is certainly not the most important sales area for EU pork exporters, but Australia ranked ninth among its most important customers last year with around 95,000 tonnes of slaughter weight. New Zealand may become more important in the future thanks to a free trade agreement with the EU. However, in the first quarter of 2024, European pork suppliers in the region experienced difficulties; competition from North America was stronger. US market share jumps in Australia According to data from the Danish Agriculture and Food Association (L&F), Australia imported approximately 41,000 tonnes of fresh and frozen pork in the first quarter of 2024; This is approximately 9,400 tons, or 30 percent. more than in the first quarter of 2023. This means that imports appear to be recovering after a weak previous year. In particular, the US benefited from Australia's higher import requirements in the first quarter of 2024. They supplied ...
Source: Farmer.pl

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