The FINANCIAL – The economic accounts for agriculture show that total agricultural output in the European Union (EU) stood at €432.6 billion in basic prices in 2017, up by 6.2% compared with 2016.
In 2017, the equivalent of 56% (or €244.1 bn) of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the value of output minus the value of intermediate consumption) was the equivalent of 44% (or €188.5 bn). The combination of the sharp increase in the value of agricultural output and a limited increase in intermediate consumption (+1.8%) resulted in a steep rise in the gross value added (+12.4%) generated by the EU agricultural industry in 2017 compared with 2016.
With €72.6 bn (or 17% of the EU total) in 2017, France had the highest total agricultural output among Member States. It was followed by Germany (€56.2bn, or 13%), Italy (€55.1 bn, or 13%), Spain (€50.6 bn, or 12%), the United Kingdom (€31.8 bn, or 7%), the Netherlands (€28.9 bn, or 7%), Poland (€24.9 bn, or 6%) and Romania (€17.5 bn, or 4%).
Highest rise of agricultural output in Estonia
In almost all EU Member States, the value of agricultural output increased in 2017. The highest increase, in relative terms, was recorded in Estonia (+18.2%), ahead of Ireland (+13.6%), Romania (+13.2%), the United Kingdom (+12.6%) and Poland (+11.1%). In contrast, the value of agricultural output decreased in Slovenia (-4.7%) and Malta (-3.1%), and remained stable in Croatia and Slovakia. Among the Member States with the largest agricultural industry, the value of total agricultural output increased by 8.6% in Germany, 4.5 % in Spain, 3.2% in France and 2.2% in Italy.
Significant increases in the values of milk, eggs and pigs output
The value of agricultural production is influenced by a price change or a volume change (or a combination of the two).
The 6.2% increase in EU agricultural output in 2017 compared with 2016 can be largely attributed to an increase in the value of animal output (+10.3%), itself largely reflecting an increase in prices (+10.3%). The higher value of animal output in 2017 was due mainly to rises of 20.2% for milk, 17.9% for eggs and 11.6% for pigs, mostly as a result of increases in prices.
The value of crop output increased in the EU by 3.6%, with volume up by 1.7% and prices up by 1.9%. The rise was mainly due to increases of 10.2% for wheat and spelt and of 7.7% for industrial crops.
EU agricultural input costs (intermediate consumption) increased (+1.8%). This was mainly due to a rise of 5.9% for energy and lubricants, although this was partially offset by a decrease for fertilisers and soil improvers of 4.9%.