Germany: Pork Production in Decline - Eroding Soybean Meal Demand

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Germany has long been a leader in the global pork sector and is currently the world’s second-largest pork exporter after the United States. In 2018, Germany became the largest pork exporter by value to China. Despite this export success, domestic demand for pork is waning and production has declined, with German swine herd numbers reaching near 20-year lows. This decrease in domestic pork production has led to a corresponding decline in demand for pig feed—a vital component of which is soybean meal. As the top exporter of commodity soybeans to Germany, the US will likely encounter a decrease in soy demand from the German pork sector in the near term.

Germany: Pork Production in Decline - Eroding Soybean Meal Demand

Europe and Eurasia, Germany
Oilseeds, Soybeans

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