Pork exports from the EU are growing

Published 2021년 6월 23일

Tridge summary

In March, pork exports from EU member states saw a significant increase of 29% compared to the previous year, totaling 606,500 tonnes. This surge was primarily driven by a over 33% increase in exports to China, reaching 238,000 tonnes, and a nearly fivefold increase in sales to the Philippines, totaling 20,200 tonnes. Offal exports to Asian markets also strengthened. However, not all major EU exporters experienced growth, with Germany witnessing a nearly 40% decline due to loss of access to the Chinese market. The early 2021 export sales helped support the EU pig market during the coronavirus pandemic, but recent reports suggest a weakening in export sales and domestically, pork prices are under pressure.

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

Original content

606,500 tonnes of pork were exported by the EU member states in March, marking a 29% increase in shippments from the same month last year. Fresh / frozen pork exports to China increased by more than 33% to 238,000 tonnes, while sales to the Philippines were almost five times higher (20,200 tonnes). Offal sales to Asian markets were also strong, with increases again to the Philippines. Growth in shipments to Hong Kong offset declines to mainland China. Sales of pork fat also reached the highest level since 2013 (before the Russian ban) in March, with just under 30,000 tonnes. China has been buying increasing volumes in recent months and volumes to the Philippines were also strong.Not all major EU exporters experienced year-on-year growth in third-country exports this year. Spain has led the way, with an increase in shipments of more than 70%. In contrast, Germany experienced a decline of almost 40% after losing access to the Chinese market. Denmark's exports increased by 22% and ...

Source: EuroMeat