Q1 23 pork trade roundup in UK

Published 2023년 6월 1일

Tridge summary

The article highlights a significant decrease in the UK's pork production, leading to a 21% drop in pig meat exports in the first quarter of 2023, the lowest in the past five years. The decline is more pronounced in fresh and frozen pork, while offal exports have seen a minor increase, accounting for the largest market share. The domestic demand for pork has also fallen by 3%, due to high inflation and a cost-of-living crisis. Similarly, imports of pig meat have decreased by 17% year on year, with all product categories experiencing a decline in volume.

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

Original content

UK pork production has been severely impacted by the market conditions of the past 2 years, leading to tight domestic supplies. This has had a direct impact on our trading volumes, with less product available for export. In the first quarter of 2023 (Jan-Mar) the UK has exported 78,500 tonnes of pig meat (including offal), a 21% drop year on year. This is the lowest volume shipped in the past 5 years with monthly volumes in February and March significantly behind the monthly 5-year averages (-13% and -24% respectively). Shipments of fresh and frozen pork have seen the largest declines in volumes, down 39% year on year to 34,700 tonnes. This has resulted in the market share of exports made up of fresh and frozen pork product contracting to 44%, down from 66% 5 years ago. In contrast, shipments of offal have recorded a small increase, with volumes up 3% year on year to 35,300 tonnes. This has led to offal now taking the largest market share of exports at 45%, up from 24% 5 years ...

Source: Ahdb