EU pork exports remain strong in March

Published Jun 22, 2021

Tridge summary

EU pig meat exports saw a 29% increase in March 2021 compared to the previous year, reaching 606,500 tonnes, as per EU Commission data. This growth was primarily driven by strong demand from Asian markets, especially China and the Philippines. However, exports to the UK and Japan decreased. Pig fat sales, at their highest since 2013, were notable with increased volumes being bought by China and the Philippines. While Spain experienced a surge in exports, Germany's exports fell due to loss of access to the Chinese market. The stability of the EU pork market and prices is now a concern, as both export demand and domestic demand are showing signs of decline, despite the early year support from strong exports.

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

Original content

EU exports of all pig meat products were up by 29% in March 2021 compared with a year earlier, totalling 606,500 tonnes, according to the latest EU Commission figures. All the main categories of export were higher, on the back of strong demand from Asian markets. Fresh/frozen pork exports to China lifted by more than a third to 238,000 tonnes. Sales to the Philippines were nearly five times higher at 20,200 tonnes. The UK and Japan were the only major markets to take noticeably less product this March (down by 19% and 16% respectively). Offal sales to Asian markets were strong, with increases to the Philippines. Growth in shipments to Hong Kong offset declines to mainland China. Pig fat sales reached the highest level since 2013 (before the Russian ban) in March, at just under 30,000 tonnes, with China buying increasing volumes in recent months and volumes to the Philippines also strong. It was a mixed picture among EU member countries, with Spain leading the way in export growth, ...

Source: PigWorld