Pork Market - Germany Remains the Global Leader in Pork Exports despite 5% Drop

Swine/Pigs October 08, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

pork market

Germany continued its dominance in the global pork trade. In 2014, Germany exported 1,753 thousand tonnes of pork totaling 5,038 million USD, 5% under the previous year. Its primary trading partner on the global pork market was Italy, where it supplied 20% of its total pork exports in value terms, accounting for 39% of Italy's total imports.

Overall, the global pork trade reached 31,268 million USD, with a CAGR of 6% from 2007 to 2014. In physical terms, it showed steady growth, rising from 8,246 thousand tonnes in 2007 to 10,453 thousand tonnes in 2014.

In 2014, Japan (15%), Italy (9%), Germany (8%), Poland (6%) and Mexico (5%) were the leading destinations of pork imports, together making up 43% of global imports. The share of Poland increased (+3 percentage points), while the share of Japan illustrated negative dynamics (-2 percentage points).

The U.S. and Spain were among the other main global suppliers of pork in 2014 with a combined share of 26% of global exports. However, the fastest growing exporters from 2007 to 2014 were Poland (+11% per year) and the U.S. (+10% per year). The U.S. strengthened its position in the global export structure, from 12% in 2007 to 16% in 2014.

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Source: World: Pork (Meat Of Swine) - Market Report. Analysis And Forecast To 2020