UK pig meat trade: Q1 2024 volumes lower year on year

In March UK pig meat exports totalled 24,400 tonnes, falling compared to both the previous month and year. This brings the export volume for the first quarter of 2024 to 75,500 tonnes, a loss of 4,000 tonnes (5.1%) year on year and the lowest Q1 figure since 2015. Lower export volumes have been driven by reduced supplies. So far in 2024 there has been no change in the top four export destinations for UK product, despite volumes falling across the board. The EU27 holds the largest market share at 42%, closely followed by China with 38%. The Philippines has recorded year on year growth in volumes, growing its market share to 8%. The US continues to hold a 2% market share, meanwhile South Africa has seen growth in shipment volumes and market share, overtaking South Korea. Shipments of Fresh/frozen pork held the brunt of lost export volume, down 10.8% year on year at 30,900 tonnes. Bacon shipments also recorded a decline year on year, down 700 tonnes to 2,700 tonnes. Meanwhile ...