In 2023, the European Union witnessed a significant downturn in its meat and pork exports for the third year in a row, with a 20.2% reduction in volume to 4.23 million tons, primarily due to decreased shipments to key markets including China, Japan, the Philippines, and South Korea. China alone saw a 25.6% drop in imports from the EU, amounting to 1.15 million tons. Despite this volume decrease, the overall export value fell by a smaller margin of 11.5%, reaching 12,244 million euros. Contrarily, the UK increased its import value from the EU by 16.6%. Meanwhile, the EU's imports of these products from non-EU countries also declined by 10% in volume, though their value saw an increase.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Community exports of meat and pork products recorded a new decline in 2023 for the third consecutive year. According to data published by the European Commission, the drop was 20.2% compared to the previous year, up to 4.23 million tons, and was due not only to the decrease in shipments to China, but also to other important destinations. for European pigs, such as Japan, the Philippines or South Korea. In fact, there was a drop in sales to almost all significant overseas markets, with the exception of the United Kingdom and Vietnam. In the case of China, the decrease was 25.6% compared to the previous year, to 1.15 million tons, very far from the more than 3.3 million tons sent to the Chinese market in 2020. With this, The share of this market in total community exports falls a little more and remains at 27.3%. Despite this, it continues to be the first destination for Community pork, now followed more closely by the United Kingdom, which represented 21.2% of total exports. ...
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