EU exports to China surge

EU exports to China surge

According to the latest data released by the European Commission, including the offal, 27 EU member states exported 1.4 million tons of pork overseas in the first quarter. This is an increase of 4.2% compared to the same period in 2019. Due to rising export prices, EU pork export revenue increased by about one third to 3.5 billion euros. This is the highest number ever.

To achieve such results, the Chinese market demand is the main contribution. About 54% of EU pork exports to China in the first quarter of this year amounted to about 756,000 tons, up 76% year-on-year. On the other hand, the EU’s deliveries to other pork exporting countries declined. UK exports to the EU ’s second most important pork export destination fell 37.4% to 170,000 tons; sales to Japan fell 14.8% to 101,000 tons, and sales to South Korea fell 39.4% to 50,000 tons. Within the EU, Spain has expanded its leading position in pork exports, an increase of 29% from the same period last year to 370,000 tons. German suppliers ’exports increased by only 3.1% to 310,000 tons.

However, analysts say that as China now begins to produce more hogs, and EU competitors such as the United States and Brazil have cheaper meat prices, they are stepping up exports to China. EU exports of Chinese pork may decline in the second quarter of 2020.

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