Tridge summary
Pork exports from the United States ended 2022 with remarkable growth, setting volume and value records in Mexico and Central America, despite increased competition. The exports to Mexico saw a 13% increase in December, making it the third highest on record for export value. Overall, U.S. pork exports reached a record high of 959,701 mt, up 10% from the previous year, with a export value of $2.03 billion, surpassing $2 billion for the first time. The Dominican Republic also contributed to the growth, setting records in both volume and value of U.S. pork imports. Additionally, exports to China/Hong Kong saw a significant increase in the second half of 2022, with a notable growth in pork muscle cut exports. U.S. pork variety meat exports also saw record highs in export value, totaling 530,290 mt and valued at $1.27 billion, with China/Hong Kong setting records for both volume and value of U.S. pork variety meat imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Pork exports to Mexico ended 2022 on a very high note, setting a volume record in December on the way to a record-breaking year. December exports also trended higher year-over-year to China/Hong Kong, the Dominican Republic, the Philippines and Australia, and set a value record in Central America. "The Mexican market has been a star performer for U.S. pork for many years, but the 2022 results were truly remarkable," said USMEF President and CEO Dan Halstrom. "In the face of growing competition in Mexico, the U.S. pork industry has expanded product offerings and found innovative ways to meet the needs of processors, retailers and foodservice operators. In addition to Mexico, it is gratifying to see such a broad range of markets contributing to our recent export growth, making the prospects for 2023 very promising." Following a huge performance in November, pork exports to Mexico posted another volume record in December at 90,175, up 13%. December export value was $198.3 million, up ...
Source: EuroMeat
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