A new Rabobank report suggests there's going to be continued consolidation in the European hog sector and those producers are going to be looking for export markets.
The report says higher pork prices and the economic crisis in Europe has cut pork consumption from 42 and a half kilograms to 39 kilograms from 2007 to 2014.
Shrinking margins have the top three players in the EU pork industry now holding 22 per cent of the market share.
Rabobank predicts that consolidation will continue, with the top 10 players will reach a share of about 50 per cent by 2025.
The report suggests the difference between EU pork production and consumption will mean European pork producers will need to find export markets for about 3 million tonnes of product by 2025.
The report concludes the EU industry will need to focus on the growing Asian markets to find a place for their pork products.
