Pig production in the EU shrinks in first half year

Published 2023년 1월 6일

Tridge summary

Europe is set to experience a decrease in pig herds and pig production in the first half of 2023, with Spain seeing a drop of around three percent due to a hot summer and the Rosalia variant of the PRRS virus. Other major producing countries like Germany, Denmark, and the Netherlands are also expected to experience declines for various reasons. This is anticipated to maintain pork demand globally, with France potentially benefiting from the situation. However, Ifip forecasts a 10% decrease in European pork exports in 2023 due to falling supply and a slowing global economy. High pork prices, influenced by feed, energy, and labor costs, are expected to perside, with a potential slight decrease in prices later in the year.

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

Original content

There will be a decrease in pig herds throughout Europe, even in Spain. Spanish pig production is expected to fall by about three percent in the first half of 2023 compared to 2022. This is a significant change, since the first half of 2022 still saw an increase of two percent compared to 2021 The reason is the hot summer and problems due to the Rosalia variant of the PRRS virus. Ifip's analysts expect the drop to be only temporary, as the Spaniards can consolidate their position in the European market in the medium term given the prospects of decline in the main producing countries. This will maintain demand for pork products. German production is expected to fall further by 2.3 percent in the first half of the year. Germany is struggling with an economic crisis, high prices for raw materials, African swine fever. It will also have consequences for Denmark, for example, say the French, who expect a contraction of 13 percent here. For the Netherlands, it remains to be seen how the ...

Source: Nieuwe Oogst