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Rabobank: The EU May Export Less Pork to the UK after Brexit

The UK has a sizable pork production shortage. To address this shortage, the UK has increased production and imports around 1m tonnes carcass weight (cwt) annually from EU member states. With the EU’s estimated self-sufficiency rate of nearly 112%, approximately 2.6m tonnes cwt of pork needs to be exported outside the EU in 2018 to balance local supply and demand. After Brexit, EU self-sufficiency could grow to 120%. Consequently, in the future EU-27, pork processors will need to work harder to secure opportunities for exporting pork meat and by-products that are not consumed within the EU. In the short-term, increasing Chinese demand will probably compensate for any loss of access to the UK market.

UK production on an increasing trend since 2010

The UK has a large pork production shortage; only half of national demand is covered by...

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