EU egg exports have decreased in Q1
EU egg exports have decreased by 25,000 tonnes in the first quarter of 2020 compared with the figure reported a year ago. According to the latest agricultural market dashboard released by the European Commission, the volume of eggs exported by the member states has dropped from 96,000 tonnes in Q1 2019 to 71,000 tonnes in the first three months of 2020. One explanation could be an increase in domestic consumption during the first pandemic wave that hit Europe but some other factors that contributed as well to that decline.
The global market seems too volatile for the moment, with only Singapore, Switzerland and Japan maintaining the demand for eggs at the same rate reported last year. (see chart)
However, for the EU exporters of eggs, there was only a small increase in the Swiss market (+7.8%) and large declines in some other markets. (see chart below)
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Imports have remained stable, but British producers have lost their market share in the single market to Ukraine, while the US, Argentina and Japan have reported 300% increase in their egg exports to the European market. (see chart no.3)
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The forecast for egg production this year is stable, with France, Germany, Italy, Spain, the Netherlands and Poland maintaining their role as main egg producers in the EU.
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