What will happen to the European pork market in 5 years

Published Mar 2, 2021

Tridge summary

The French Pork Institute (IFIP) forecasts a 3% decline in the EU's pork production over the next five years. Despite reaching a record 24.2 million tons of CWE in 2020, which is 1% more than in 2019, there will be a significant reduction in the number of slaughtered pigs. However, the increase in average carcass weight will offset some of these losses. Spain and Romania are the only countries expected to continue investing in pig production. Spain, which is the EU's leading pork exporter, is projected to see a 2.5% increase in production in 2021.

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

Original content

According to the latest forecast of the French Pork Institute (IFIP), over the next 5 years, pork production in the EU will decline by 3%. The report mentions that pig production in the European Union (including the United Kingdom) reached a record level in 2020 - 24.2 million tons of CWE (in carcass weight). This is 1% more than in 2019. However, Jan Peter van Fernay, an economist at IFIP, predicts a decline in production in the coming years. Pig production in the EU-27 (excluding the UK) will fall by 3% by 2025, according to an IFP economist. The number of slaughtered pigs will be significantly reduced. However, these losses are somewhat offset by the increase in average carcass weight. According to the expert, two EU countries, Spain and Romania, will continue to invest in this sector. Last year, Spain reported production of 5 million tons of pork. This means that the country produces twice as much as it consumes, the rest is ...

Source: Meatinform