UK's pork exports in the first half of 2024 are the lowest in 9 years

Published 2024년 8월 21일

Tridge summary

The UK has experienced a decline in pig meat exports in the first half of 2024, with a 2.4% decrease compared to the same period in 2023, hitting the lowest level since 2015 at 148,200 tonnes. This decline is primarily due to a drop in fresh/frozen and bacon exports. However, there has been a 4% increase in exports in June compared to the previous year. Import volumes have grown by 1.4% in the first half of 2024, reaching 387,500 tonnes, with sausages showing the largest year-on-year increase. The UK's pig meat market has seen a decrease in volume sales at the retail level, although foodservice relies more heavily on imports. Factors such as price inflation, exchange rates, and economic indicators will influence future import demand. The Association of Heading Butchers and Meat Wholesalers (AHDB) is focusing on finding greater market access for UK products to maintain carcass balance and value in the face of increasing geopolitical tensions and to meet demand challenges domestically and globally.

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

Original content

UK exports have witnessed some challenges this year, with tight domestic supplies resulting in higher product pricing compared to other players on the global market, such as the US and Brazil. With consumers globally still wary of their spending amid higher cost of living, affordability is a key marker driver in regions such as China. In June the UK exported just over 25,100 tonnes of pig meat, an increase of nearly 4% compared to June last year. The bulk of the volume was made up of offal at 12,300 tonnes, with fresh/frozen product accounting for 10,100 tonnes. Although this is the second month to record year on year growth (with April also seeing volume gains of 4%) larger declines in January, March and May have resulted in year to date (Jan-Jun) figures easing in 2024. At 148,200 tonnes UK pig meat exports for the first half of the year are down 2.4% compared to 2023, and the lowest since 2015. The year to date volume decline is being driven by two product categories, ...

Source: Ahdb