Hong Kong's pork imports remain stable and South Korea's fall in 2020

Published 2021년 3월 3일

Tridge summary

In 2020, Hong Kong's pork imports saw a slight increase of 1% from the previous year, reaching 671,000 tonnes. This growth was primarily driven by a surge in imports from the EU, which rose by nearly 20% to 294,000 tonnes, and a 7% increase in imports from Brazil, the largest individual supplier. However, pork imports from the USA experienced a significant decrease of over 50%.

On the other hand, South Korea's pork imports in 2020 declined by 21%, totaling 449,000 tonnes, with the EU and the USA both seeing notable drops in trade of 28% and 14% respectively. This decline was attributed to the COVID-19 pandemic's impact on restaurant demand for imported pork. Despite these changes, the USDA's reports indicate a 3% increase in domestic pork production in the United States for the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork imports (including offal) in Hong Kong increased by just 1% in 2020, totaling 671,000 tonnes. Within this total, EU shipments increased by almost 20%, to 294,000 tonnes. For their part, volumes from the USA experienced a decrease of more than 50%. Brazil, the largest individual supplier, increased volumes by 7%. The overall increase was driven by growth in the first and last quarters of the year. In the fourth quarter volumes were 5% higher than during the same period in 2019. Shipments from the EU in particular were higher, due to strong trade with Germany. Hong Kong is one of the few third country destinations that takes a regional approach to trade with African swine fever affected countries. South Korea reduced the volume of imported pork (including offal) in 2020 by 21%, to 449,000 tonnes. Shipments from the EU were affected, falling 28%, while trade with the US fell 14%. The level of ...

Source: Arriba El Campo