EU: 2023 pork trade review

Published 2024년 2월 29일

Tridge summary

In 2023, the UK saw a 2.5% decrease in total pig meat imports, amounting to 781,600 tonnes, with bacon experiencing the most significant drop. However, fresh and frozen products gained market share. Germany's pig meat exports to the UK fell by 11.8%. The UK's pig meat exports also declined by 20% to 298,300 tonnes, with fresh/frozen products seeing the largest decrease. Processed product volumes slightly increased by 6.4%. Exports to the EU27 and China also fell by 21.6% and 11.4% respectively.

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

Original content

In 2023, key product categories remained finely balanced, with annual import volumes seeing two distinct trends. January to April trade flows were back on 2022, driven by a range of factors, including a tight price differential with EU product limiting import volumes. From May onwards, a greater price differential alongside tight domestic supplies enticed larger pig meat volumes from the continent, as we discussed in 2023. This mixed market dynamic throughout 2023 resulted in total imports being back 2.5%, when compared to 2022, at 781,600 tonnes. When looking into the detailed category breakdowns, the total fresh/frozen category saw increases of 3.4% to 331,500 tonnes. Meanwhile, bacon saw the greatest reductions in import volumes, back 10.2% on the year to 180,300 tonnes, this being the dominant driver in the overall decline. Interestingly, this has moved the dial on our overall UK import profile, with fresh and frozen product increasing its market share at the cost of bacon. ...

Source: Ahdb