pigmeat market situation · eu* exports of pig meat (tonnes carc. weight) china united kingdom...

PIGMEATMARKET SITUATION

Pigmeat CMO Committee 17 September 2020

DG AGRI G3 17 September 2020

P R O D U C T I O N

8.9

%

6.2

%

3.2

%

2.9

%

1.1

%

0.7

%

0.7

%

0.6

%

-0.5

%

-0.7

%

-0.7

%

-1.2

%

-1.2

%

-1.3

%

-1.5

%

-1.5

%

-1.9

%

-3.1

%

-4.5

%

-5.1

%

-6.1

%

-7.6

%

-8.9

%

-8.9

%

-9.5

%

-13

.6%

-23

.8%

-1.7

%

1.1

%

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

MT FI ES LT EL SE IE DK

CY EE

BE

HR FR HU CZ DE

AT

NL

PT SI SK PL LU LV RO IT BG

EU UK

Change in Pig Slaughter ('000 Heads)2020/2019 (up to June)

Source: Eurostat

% E V O L U T I O N

IN HEADS


P R O D U C T I O N

5.7

%

5.5

%

5.3

%

4.7

%

4.4

%

3.1

%

1.6

%

1.2

%

0.3

%

-0.2

%

-0.5

%

-0.6

%

-0.9

%

-1.0

%

-1.2

%

-1.2

%

-1.5

%

-1.9

%

-2.9

%

-5.0

%

-5.3

%

-6.1

%

-6.5

%

-7.2

%

-8.5

%

-18

.6%

-24

.3%

-0.9

%

2.6

%

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

LT ES FI

MT

DK IE HR SE BE

FR CY CZ EE DE

PT HU AT

NL

LU SK SI PL EL LV RO IT BG

EU

UK

Change in Pig Slaughter ('000 tonnes)2020/2019 (up to June)

Source: Eurostat

% E V O L U T I O N

IN TONNES


P I G P R I C E S EU E V O L U T I O N

EU Prices Evolution since

last week

153.8Average

(S-E)- 0.4%

- 0.3%155.8Class S

149.8Class E - 0.6%

40.2Piglet - 1.0%€/head

€/1

00

kg

ca

rca

ss w

eig

ht

Evolution since last

month

Evolution since last

year

+ 0.0%

+ 0.4%

- 0.7%

- 0.2%

- 16.3%

- 15.6%

- 17.7%

- 22.1%

Week 37


P R I C E S

C A R C A S E S

E U E V O L U T I O N

AVERAGE CLASSES S & E

130

145

160

175

190

205

evolution of the EU pig carcass prices (average class E & S)

Average (15-19) 2019 2020

Week 37 latest price ==> 153.83 EUR/100 kg/cw

Evolution compared same period last year : - 16.3%


P R I C E S

P I G L E T SEU E V O L U T I O N

30

35

40

45

50

55

60

65

70

75

80

evolution of the EU average piglet prices(€/head)

Average (15-19) Piglet - 2019 Piglet - 2020

Week 37 latest price ==> 40.18 EUR/head

Evolution compared same period last year : - 22.1%


R E M A I N D E R

P I GEU E V O L U T I O N

38 40 40 41 40 52 65 80 79 66 56 51 42 36 35 38 42 54 62 61 60 47 46 37 33 36 36 38 41 48 48 52 58 51 41 34 33 34 34 34 40 50 61 66 70 61 53 48 42 40 43 52 56 62 63 67 65 52 48 43 35 36 35 30 31 40 45 48 48 40 35 30 26 25 31 48 52 57 63 72 74 72 69 70 58 55 55 51 48 52 52 55

0

50

100

150

200

250

I 2013 I 2014 I 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I

In E

uro

s

Remainder for pig fattening

Remainder Cost of piglet Feed cost Pig carcass price(€/100 kg)

Average remainder (since March 2012)

EU trade of PIG products


T R A D E EU T R A D E B A L A N C E

202

011

21

3 5

80

229

885

220

792

11

2 4

28

5 19

4 33

1

4 92

0 40

4

4 91

1 83

8 5 58

3 12

7

3 47

7 23

7

0

1 000 000

2 000 000

3 000 000

4 000 000

5 000 000

6 000 000

20

16

20

17

20

18

20

19

Jan-

Jul 2

0

Ton

ne

s ca

rcas

e w

eig

ht

EU* Trade of PIG products (Quantity)

IMPORTS EXPORTSEU*: without UK

EU imports of selected PIG productsTrade figures (COMEXT – tonnes carcass weight)


T R A D E EU I M P O R T S

P i g P r o d u c t s

2016 2017 Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Jul 19

United Kingdom up to Jun 20 170 537 84.4% 178 575 83.6% 197 524 85.9% 184 194 83.4% 90 088 80.1% #N/A

Sw itzerland 22 321 11.0% 23 036 10.8% 19 485 8.5% 18 694 8.5% 11 280 10.0% + 18.2%

Serbia 622 0.3% 2 699 1.3% 3 625 1.6% 5 045 2.3% 3 805 3.4% + 46.4%

Norw ay 2 069 1.0% 2 398 1.1% 2 830 1.2% 4 740 2.1% 3 072 2.7% + 9.1%

Chile 3 197 1.6% 2 636 1.2% 2 886 1.3% 3 469 1.6% 1 506 1.3% - 23.2%

China 250 0.1% 1 320 0.6% 823 0.4% 931 0.4% 404 0.4% + 43.1%

Israel 362 0.2% 366 0.2% 357 0.2% 361 0.2% 229 0.2% + 8.8%

Russia 83 0.0% 4 0.0% 0 0.0% 0 0.0% 201 0.2% +++

Singapore 155 0.1% 143 0.1% 85 0.0% 156 0.1% 200 0.2% +++

South Korea 195 0.1% 116 0.1% 79 0.0% 115 0.1% 192 0.2% +++

Thailand 598 0.3% 415 0.2% 391 0.2% 326 0.1% 162 0.1% - 19.3%

Albania 160 0.1% 317 0.1% 378 0.2% 213 0.1% 152 0.1% - 19.4%

Malaysia 0 0.0% 64 0.0% 52 0.0% 58 0.0% 149 0.1% +++

Canada 164 0.1% 215 0.1% 351 0.2% 214 0.1% 133 0.1% - 14.7%

Hong Kong 0 0.0% 77 0.0% 74 0.0% 0 0.0% 127 0.1% +++

Bosnia-Herz. 10 0.0% 26 0.0% 0 0.0% 58 0.0% 107 0.1% +++

New Zealand 155 0.1% 62 0.0% 86 0.0% 439 0.2% 102 0.1%

Other Origins 1 133 0.6% 1 111 0.5% 859 0.4% 1 776 0.8% 519 0.5%

Total from Third Countries 202 011 213 580 229 885 220 792 112 428

% change + 6% + 8% - 4% - 11.6%

Total (w ithout UK) 31 474 35 005 32 361 36 598 22 340

% change + 11% - 8% + 13% + 16.7%

2018 Jan-Jul 202019




0

5 000

10 000

15 000

20 000

25 000

|Jan 17

2017 |Jan 18

2018 |Jan 19

2019 |Jan 20

2020

in Tonnes (carcase weight)

EU* Imports of selected PIG products

FRESH FROZEN FAT OTHERS

EU*: without UK

EU exports of selected PIG products:Trade figures (COMEXT – tonnes carcass weight)


T R A D E E U E X P O R T S


2016 2017 Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Jul 19

China 1 808 654 34.8% 1 343 719 27.3% 1 280 837 26.1% 2 304 673 41.3% 1 872 692 53.9% + 73.5%

United Kingdom up to Jun 20 1 088 237 21.0% 1 140 650 23.2% 1 119 676 22.8% 1 015 180 18.2% 478 357 13.8% #N/A

Japan 427 684 8.2% 444 861 9.0% 452 549 9.2% 453 888 8.1% 220 735 6.3% - 23.6%

South Korea 266 715 5.1% 281 984 5.7% 343 477 7.0% 265 545 4.8% 125 867 3.6% - 29.1%

Hong Kong 339 296 6.5% 357 364 7.3% 211 518 4.3% 202 835 3.6% 118 036 3.4% + 5.9%

Philippines 213 131 4.1% 244 728 5.0% 276 025 5.6% 220 119 3.9% 72 945 2.1% - 52.8%

Vietnam 53 126 1.0% 41 352 0.8% 84 336 1.7% 94 219 1.7% 63 307 1.8% + 19.5%

USA 110 340 2.1% 150 824 3.1% 159 005 3.2% 120 385 2.2% 56 568 1.6% - 31.0%

Australia 107 089 2.1% 100 568 2.0% 102 015 2.1% 109 940 2.0% 45 126 1.3% - 32.4%

Ukraine 75 822 1.5% 87 296 1.8% 108 359 2.2% 88 914 1.6% 41 062 1.2% - 24.0%

Ivory Coast 33 934 0.7% 37 937 0.8% 46 590 0.9% 45 947 0.8% 32 506 0.9% + 19.8%

Serbia 43 223 0.8% 57 399 1.2% 68 090 1.4% 48 588 0.9% 31 879 0.9% + 8.0%

Taiw an 49 849 1.0% 67 267 1.4% 57 709 1.2% 47 468 0.9% 25 309 0.7% - 31.3%

Singapore 38 514 0.7% 36 291 0.7% 40 608 0.8% 36 703 0.7% 21 829 0.6% - 6.8%

Congo 21 167 0.4% 27 623 0.6% 27 477 0.6% 35 622 0.6% 18 890 0.5% - 14.2%

New Zealand 36 088 0.7% 31 540 0.6% 31 237 0.6% 32 792 0.6% 17 158 0.5% - 15.5%

Thailand 35 410 0.7% 31 107 0.6% 27 318 0.6% 32 964 0.6% 15 778 0.5% - 26.1%

Other Destinations 446 054 8.6% 437 895 8.9% 475 009 9.7% 427 344 7.7% 219 195 6.3%

Total to Third Countries 5 194 331 4 920 404 4 911 838 5 583 127 3 477 237

% change - 5% - 0% + 14% + 12.4%

Total (w ithout UK) 4 106 095 3 779 754 3 792 161 4 567 947 2 998 880

% change - 8% + 0% + 20% + 19.9%

2018 Jan-Jul 202019

EU imports of selected PIG productsTrade figures (COMEXT – tonnes carcass weight)




745 6771 079 523

1 872 692646 355

590 819

478 357

266 416288 923

220 735

199 325177 579

125 867

119 957111 437

118 036

834 222844 434

661 5502 811 952

3 092 715

3 477 237

0

500 000

1 000 000

1 500 000

2 000 000

2 500 000

3 000 000

3 500 000

4 000 000

Jan-Jul 18 Jan-Jul 19 Jan-Jul 20

Tons (cw) .

EU* EXPORTS of PIG Meat (Tonnes carc. weight)

China United Kingdom Japan South Korea Hong Kong Other

EU*: without UK

9951 760

3 9581 576

1 581

1 498

815

914

821

469

451

380

203

159

201

1 574

1 616

1 499

5 633

6 482

8 357

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

8 000

9 000

Jan-Jul 18 Jan-Jul 19 Jan-Jul 20

in M

illi

on

s E

UR

EU* EXPORTS of PIG Meat (Millions EUR)

China United Kingdom Japan South Korea Hong Kong Other

EU*: without UK


T R A D E EU E X P O R T S


0

100 000

200 000

300 000

400 000

500 000

600 000

|Jan 17

2017 |Jan 18

2018 |Jan 19

2019 |Jan 20

2020

in Tonnes (carcase weight)EU* Exports of selected PIG products

FRESH FROZEN FAT LIVE ANIMALS OTHERS

EU*: without UK


W O R L D

P I G M A R K E T

E X P O R T S

PIG MAIN EXPORTERS

EU

EU

Un

ited

Sta

tes

Un

ited

Sta

tes

Can

ada

Can

ada

Bra

zil

Bra

zil

UK

UK

Chile

ChileCh

ina

+ H

. Ko

ng

Chin

a +

H. K

on

g

Ru

ssia

(u

p t

o Ju

n)

Ru

ssia

(u

p t

o Ju

n)

0

500

1 000

1 500

2 000

2 500

3 000

3 500

2019 (up to July). 2020 (up to July).

Qty

in 1

000

Ton

nes

Main Exporters of PIG Products (up to July).

Source : GTA Excl. Live animals


W O R L D

P I G M A R K E T

PIG PRICES

EU, BR, CAN, US

50

70

90

110

130

150

170

190

210

World weekly average Pig prices 2018 - 2020 in Euro/ 100kg carcase (EU, Brazil, Canada and USA)

EU BR US CAN

EU = weighted average of MS prices for classes S (64.12%) and E (35.88%). EU average includes UK data until Brexit

US = weekly USDA national weighted average carcass prices (https://mpr.datamart.ams.usda.gov/amsdashboard/swine/Swine_Dashboard_Option_1.html)BR = average of Valor Vista prices in main producing states (cepea.esalq.usp.br/br/indicador/suino.aspx)

CAN = Quebec Index 100 Hogs Weighted Average prices (agr.gc.ca)

153.00 94.80 102.67153.83

Follow market updates via the Meat Market Observatory

http://ec.europa.eu/agriculture/market-observatory/meat/index_en.htm > Pigmeat

and check the latest data on the Agri-Food Data Portal:

http://agridata.ec.europa.eu/extensions/DataPortal/agricultural_markets.html > Pigmeat


http://ec.europa.eu/agriculture/market-observatory/meat/index_en.htm

http://agridata.ec.europa.eu/extensions/DataPortal/agricultural_markets.html

pigmeat market situation · eu* exports of pig meat (tonnes carc. weight) china united kingdom...

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