AHDB: EU pork production steady as prices see some stability
Total production from January to March 2024 sat at 5.42m tonnes, a minimal increase of 0.3% (18,200 tonnes) from the same time in 2023. The majority of the gains in production came from Poland which saw growth of 31,000 tonnes to 485,000 tonnes and Germany at 10,400 tonnes to 1.07m tonnes. This was offset by large declines in key producing countries, such as Spain and Denmark who saw falls of 7,000 and 21,500 tonnes to 1.32m and 344,000 tonnes respectively.
Falls in production have been reflected in slaughter numbers, with the EU total of 56.2m head sitting 1% lower compared to the year-to-date 2023. Much like production, gains in slaughter numbers made by countries such as Poland (214,000 head) and Hungary (67,000 head) were offset by declines in Denmark and Spain. Danish slaughter fell most severely, down by 471,000 head (11%) from the Jan-Mar period in 2023, as Spanish slaughter decreased by 238,000 head (2%) in the same period.
Falls in EU production have limited export opportunities, as total pig meat (inc offal) exports have fallen by 6% from 2023 in the year to date (Jan-Apr), to sit at just over 1.3m tonnes. The majority of this decline has come from falling exports to China, which sat 83,000 tonnes lower in the first four months of 2024, to 363,000 tonnes. Other notable falls in volume have come from Japan, sitting 13,200 tonnes lower in 2024 than 2023. There has been some growth to other Asian countries such as South Korea, the Philippines, and Vietnam to counteract declines.
EU imports of total pig meat (inc offal) have fallen by 1,800 tonnes from the year-to-date total of 2023 to 2024. EU imports totalled 46,000 tonnes over this period in 2024, with declines in volumes from the UK and Switzerland. Notable gains have been made by Chile, increasing their volumes shipped by 4,800 tonnes into the EU from 2023 to 2024 year-to-date.
EU Grade E pig prices saw stability in previous weeks but have since fallen. For the week ending 16 June, the EU average price was 185.8p/kg, a decrease of 2.5p/kg from the previous week. The EU-UK price difference now sits at 23.6p/kg for the week ending 16 June, sitting stable compared to large differences seen at the beginning of the year.
Looking into key producing nations, all recorded countries reported losses of between 1.4-3.1p/kg from the week ending 09 June to the 16 June. There have also been large declines in prices from the beginning of the year in both the Netherlands and Denmark losing 11-12p to sit at 156.5p and 158.4p for the week ending 16 June respectively. This is compared to Spain which has recorded growth of nearly 12p from the beginning of the year to 184.8p/kg for the reporting week ending 16 June. German prices have seen a decline of just over 2p/kg from the previous week to 16 June, with a minimal increase of 3.4p/kg from the beginning of the year.
Recently outbreaks of ASF in Germany continue to cause huge disruption, seeing restrictions placed on farm, abattoirs, and butchers’ shops. Similarly, there have been further cases of ASF found in the west of the country close to borders with Belgium and France.
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