Strong start to 2021 for EU pig meat exports

Published 2021년 5월 12일

Tridge summary

EU pork exports experienced a 24% increase in January 2021 compared to the previous year, reaching a record-breaking 356,000 tonnes, despite a 37% decrease in exports to the UK. China was the primary market for this growth, with imports surging by over 40% to 235,000 tonnes. However, the average price of these exports fell by 19%. Offal exports, on the other hand, saw a 6% decrease, and sales of bacon, processed ham, and sausages were 12% lower due to reduced trade with the UK. The future of these export trends in 2021 hinges on the situation of Africa Swine Fever in China.

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

Original content

By Bethan Wilkins The strong performance of EU exporters in 2020 continued into January, with fresh/frozen pork shipments up by nearly a quarter compared with the year before, totalling 356,000 tonnes. This is by far the largest start to the year on record, despite trade friction with the UK reducing the volume shipped here by 37% (totalling 21,000 tonnes). China remains the key driver of the growth, with shipments more than 40% higher than the level in January 2020 at 235,000 tonnes. Even though Germany remains excluded from this market, other suppliers have been able to compensate to maintain growth to this region. This indicates that demand remains strong, despite some recovery in the Chinese pig population, and product from the EU remains competitive. Trade with other Asian markets was mixed; most took more EU pork this January, but Japan and South Korea were notable exceptions. However, this export growth in export volumes has come with a 19% fall in average prices. The value ...

Source: Ahdb