EU: Fresh Pork Carcase Market 2024

Fresh Pork Carcase Market Size in the EU

After two years of decline, the EU fresh pork carcase market increased by 6.6% to $X in 2022. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Fresh Pork Carcase Production in the EU

In value terms, fresh pork carcase production rose significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Germany (X tons), Spain (X tons) and Belgium (X tons), with a combined 70% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Spain (with a CAGR of +6.5%), while production for the other leaders experienced more modest paces of growth.

Fresh Pork Carcase Exports

Exports in the EU

In 2022, shipments abroad of fresh or chilled carcases of pig meat decreased by -5.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a mild decline. The pace of growth appeared the most rapid in 2013 when exports increased by 5.1% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh pork carcase exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 13% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Belgium (X tons) was the largest exporter of fresh or chilled carcases of pig meat, creating 40% of total exports. It was distantly followed by Germany (X tons), France (X tons), the Netherlands (X tons) and Denmark (X tons), together mixing up a 42% share of total exports. The following exporters - Poland (X tons) and Hungary (X tons) - each reached a 7.8% share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of fresh or chilled carcases of pig meat. At the same time, Hungary (+9.4%) and Denmark (+1.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +9.4% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Germany (-2.7%), the Netherlands (-5.1%) and Poland (-6.2%) illustrated a downward trend over the same period. Belgium (+6.9 p.p.), Hungary (+2.4 p.p.) and Denmark (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Germany, Poland and the Netherlands saw its share reduced by -2.7%, -2.8% and -4.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest fresh pork carcase supplier in the European Union, comprising 40% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Belgium was relatively modest. In the other countries, the average annual rates were as follows: Germany (-3.6% per year) and the Netherlands (-4.9% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by 12% against the previous year. Overall, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 an increase of 14%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%), while the other leaders experienced a decline in the export price figures.

Fresh Pork Carcase Imports

Imports in the EU

In 2022, approx. X tons of fresh or chilled carcases of pig meat were imported in the European Union; reducing by -6.5% compared with 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 6.2%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh pork carcase imports totaled $X in 2022. In general, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany represented the major importing country with an import of about X tons, which reached 33% of total imports. It was distantly followed by Poland (X tons), Italy (X tons), the Netherlands (X tons), Greece (X tons) and Romania (X tons), together committing a 46% share of total imports. The following importers - Slovakia (X tons), the Czech Republic (X tons), Austria (X tons), Lithuania (X tons) and Spain (X tons) - together made up 14% of total imports.

Imports into Germany decreased at an average annual rate of -1.6% from 2012 to 2022. At the same time, the Netherlands (+13.6%), Slovakia (+9.7%), Romania (+9.2%), Spain (+5.3%) and Poland (+1.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +13.6% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Italy (-1.0%), Lithuania (-2.5%), Greece (-4.0%) and Austria (-4.6%) illustrated a downward trend over the same period. The Netherlands (+4.5 p.p.), Romania (+3.1 p.p.), Slovakia (+2.5 p.p.) and Poland (+2 p.p.) significantly strengthened its position in terms of the total imports, while Austria, Greece and Germany saw its share reduced by -1.6%, -2.8% and -5.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 60% of total imports. Greece, Romania, the Netherlands, the Czech Republic, Slovakia, Austria, Lithuania and Spain lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, the Netherlands, with a CAGR of +9.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, picking up by 12% against the previous year. In general, the import price, however, showed a slight decrease. The pace of growth was the most pronounced in 2017 an increase of 13%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Greece ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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