UK pig meat trade: Q1 2024 volumes lower year on year

Published May 29, 2024

Tridge summary

In the first quarter of 2024, UK pig meat exports saw a decrease of 5.1% year on year, totaling 75,500 tonnes, with the lowest Q1 figure since 2015. This decline is due to reduced supplies and has impacted fresh/frozen pork and bacon the most. Despite this, there has been growth in imports of sausages. The EU27 and China remain the largest markets for UK pig meat, holding 42% and 38% market share respectively. However, the Philippines, US, and South Africa have also shown growth in market share. Additionally, retail data shows a slight decline in overall pork retail volumes year on year, but growth within certain categories.

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

Original content

In March UK pig meat exports totalled 24,400 tonnes, falling compared to both the previous month and year. This brings the export volume for the first quarter of 2024 to 75,500 tonnes, a loss of 4,000 tonnes (5.1%) year on year and the lowest Q1 figure since 2015. Lower export volumes have been driven by reduced supplies. So far in 2024 there has been no change in the top four export destinations for UK product, despite volumes falling across the board. The EU27 holds the largest market share at 42%, closely followed by China with 38%. The Philippines has recorded year on year growth in volumes, growing its market share to 8%. The US continues to hold a 2% market share, meanwhile South Africa has seen growth in shipment volumes and market share, overtaking South Korea. Shipments of Fresh/frozen pork held the brunt of lost export volume, down 10.8% year on year at 30,900 tonnes. Bacon shipments also recorded a decline year on year, down 700 tonnes to 2,700 tonnes. Meanwhile ...

Source: Ahdb