The UK's pork imports and exports in the first quarter of 2023 decreased

Published 2023년 6월 9일

Tridge summary

In the first quarter of 2023, the UK experienced a 21% decrease in pork exports, the lowest in five years, with the majority being fresh and frozen pork. This led to a shift in market share towards offal, now accounting for 45% of exports. There was a decline in pork exports to the EU, Philippines, and China, but a slight increase in East Asia. High inflation and a cost-of-living crisis have contributed to a 3% decrease in retail pork volume. Importally, pork imports also fell by 17%, with bacon seeing the largest decrease in volume.

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

Original content

In the first quarter of 2023, the UK exported 78,500 tons of pork (including offal), down 21% compared to the same period in 2022. This is the lowest export volume in the past 5 years with the volume in February and March fell sharply from the 5-year monthly average (13 percent and 24 percent respectively). Fresh and frozen pork exports fell the most, down 39% year-on-year to 34,700 tonnes. This resulted in the export market share of fresh and frozen pork products falling to 44%, down from 66% five years ago. In contrast, offal exports increased slightly by 3% year-on-year to 35,300 tonnes. This has resulted in organ exports now accounting for the largest market share at 45%, up from 24% five years ago. Although offal remains a low value product, market consumption has increased, leading to an increase in export value for the whole pig. Pork exports to all markets decreased over the same period last year; in which, exports to the EU and the Philippines decreased by 10,900 tons ...

Source: Vinanet