UK pork export decline continues but import volumes recover

Published 2021년 10월 21일

Tridge summary

UK pork exports experienced a 23% decline in the first eight months of the year due to issues in the EU and Chinese markets, as reported by the Agriculture and Horticulture Development Board (AHDB). This decrease was partly offset by a 35% rise in offal sales. Total pork imports also fell by 9%. However, bacon imports saw a 21% increase in August, despite a 3% drop compared to July. The AHDB also noted a significant price differential between UK and EU farmgate pig prices, which has led to low UK pig meat import levels.

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

Original content

UK fresh and frozen pork exports were 23% down year-on-year during the first eight months of this year, due to issues with both the EU and Chinese export markets. Overall pork exports were 7% down over the period as increased offal sales, up 35%, partly cancelled out the reductions in other higher value categories. Over the same period, total pork imports to the UK were 9% down as more UK pork was sold on the domestic market. However, during August, the latest month for which figures are available, while total export volumes were down 6% on August 2020 (and fresh-frozen down 28%), overall import volumes were 2% up year-on-year, driven by a 21% in bacon imports, with fresh-frozen imports down 1%. However, AHDB said that, given the widening price differential between farmgate pig prices in the UK and EU, UK pig meat imports remained at relatively low levels during August, with the 2% increase following a 3% increase in July. “Looking at fresh/frozen pork, volumes were still a little ...

Source: PigWorld