Spanish pork exports fall slightly

Published 2024년 11월 21일

Tridge summary

Spanish pork exports experienced a slight decrease of 2.3% in the first nine months of 2024, totaling 976,170 tons. Despite this, the industry saw significant changes in its market dynamics. China, the largest market, saw a 7.3% decrease in imports, leading to a reduction in its market share from 43.6% to 41.4%. In contrast, the Philippines emerged as the fastest-growing market, with a 24.2% increase in imports. Japan and the UK also showed moderate growth in Spanish pork imports. South Korea experienced the largest decline among the main markets, with a 21.4% drop in Spanish exports.

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

Original content

Spanish pork exports recorded a slight decrease of 2.3% between January and September 2024 compared to the same period in 2023, reaching a total of 976,170 tons. This drop fits into a context of significant changes in the main destination markets. China continues to lead, but loses space China remains the largest destination for Spanish pork, with 403,936 tonnes exported in the first nine months of 2024. However, this figure represents a 7.3% decrease compared to the previous year and a decrease of more than 62% in comparison with the values achieved in the same period 4 years ago, when exports to China reached 1068328 t. Its market share also decreased, from 43.6% between January-September 2023 to 41.4% between January-September 2024. The Philippines boosts its imports with a 24.2% increase On the contrary, the Philippines stands out as the fastest growing market, with a 24.2% increase in its imports, reaching 143,477 tons. Its market share grew significantly, from 11.6% to ...

Source: 3tres3