EU pork production temporarily recovers in 2024

Published 2024년 12월 24일

Tridge summary

The EU saw a record low in piglet production in 2023, despite a decrease in feed prices and increasing demand. However, a rise in record piglet prices encouraged breeders to expand their sow stock, leading to a rebound in the pig crop by 2024, which is expected to hit a new record low in 2025. Slaughter numbers are predicted to increase by 0.9% in 2024, but fall by 1.7% in 2025. EU pork production is set to increase by 2.0% in 2024, primarily due to higher weights at slaughter, with Spain and Central Europe contributing significantly to this increase for both domestic and international markets. Despite a slight rise in consumption in Central and Southern Europe, the increased pork supply is expected to lead to increased competition and lower prices, potentially making EU pork more competitive globally.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, EU piglet production reached a record low, while feed prices fell, and the demand for piglets rose, according to a recent US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report. Record piglet prices tempted breeders to expand their sow stock during 2023. Because of the larger sow herd at the start of this year, the pig crop will rebound in 2024. This cycle is anticipated to reach a new record low in 2025. In line with the pig crop trend, slaughter is forecast to increase by 0.9% this year and anticipated to fall by 1.7% next year. The trade of live swine plays a minor role in the total swine balance of EU. This year, EU pork production is reinforced by higher weights at slaughter. EU pork production is forecast to increase by 2.0% in 2024 and decline by 1.7% in 2025. An additional volume of pork is mainly projected to be produced in Spain, destined for exports to EU and third country markets, and in Central Europe, most consumed ...
Source: Thepigsite

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