European pork exports fell 15%

Published Mar 7, 2023

Tridge summary

In 2022, the European Union saw a 15% decrease in pork and pork product exports, dropping to 5,203,921 tons from the previous year. This decline was largely due to a 40% reduction in imports from China, the largest market, which fell from 2,574,644 tons in 2021 to 1,541,892 tons in 2022. Other countries like Hong Kong also cut their imports by nearly half. However, exports to the United Kingdom, Japan, and the Philippines experienced slight increases.

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

Original content

Last year the European Union exported a total of 5,203,921 t of pork and pork products, representing a 15% decrease compared to 2021, when, suffering a smaller decrease (-3%), EU exports exceeded 6 million tons for the second time. The main cause of this significant decrease in exports was China, the leading destination, which imported 40% less pork and pork products from the EU last year (1,541,892 t in 2022 vs. 2,574,644 t in 2021). After reaching a 52% share in 2020, the share has been decreasing- to 42% in 2021 and 30% last year. Exports to Hong Kong have also been reduced by almost 50%, and now stand in 13th place with 77,602 t (in 2020 they reached 283,590 t and were in 4th place). Exports to the United Kingdom, the second leading destination with a 16% share, decreased by 9% to 811,259 tons. Exports to Japan ...

Source: Pig 333