6% decrease in pork consumption in Spain, 2% in Italy
The lockdown impact and a slow recovery in tourism will have just a small impact in pork consumption in Spain and Italy, according to the latest Rabobank report. The number of visitors from June to September will decrease by 38%-39%, which will have implications for both retail traffic and foodservice, leading to a reduction in pork consumption. Specifically, it is believed that the loss in foodservice traffic will be 8% in Spain and 5% in Italy. In retail, the loss amounts to 4% and 2% in Spain and Italy, respectively. The impact on foodservice and retail trade translates into a decrease in consumption of 6% (63,000 tonnes) in Spain and 2% (22,000 tonnes) in Italy, considering the total volume of sales in 2019. For the Spanish pork industry, the drop in sales is not the largest recorded in the last 15 years. In 2009, during the financial crisis, pork consumption in Spain dropped by 222,000 tonnes. Last year, volumes put in the domestic market were 228,000 tonnes due to increased demand in the export markets. For Italy, a reduction of 22,000 tonnes in pork consumption is also considered limited.
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