US: Pork exports on track for annual record

Published 2024년 11월 14일

Tridge summary

September pork exports rose by 8% in volume and 6% in value compared to the previous year, reaching 238,047 metric tons and $685.1 million respectively. The first nine months of the year saw a 5% increase in volume and a 7% increase in value compared to the same period last year. Mexico continued to be the largest market, with a slight increase in volume but a slight decrease in value. Central America and the ASEAN region experienced significant growth in pork exports, with Central America on track for a record pace in 2024 and the ASEAN region showing strong import demand due to African Swine Fever. Pork exports to China/Hong Kong also increased, reaching the highest in 15 months in September.

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

Original content

September pork exports totaled 238,047 metric tons (mt), up 8 percent from a year ago, while value increased 6 percent to $685.1 million. In the first three quarters of the year, pork exports were 5 percent above last year’s pace at 2.23 million mt, and value increased 7 percent to $6.36 billion. September pork exports to key market Mexico totaled 91,492 mt, up 3 percent from a year ago, although value declined slightly to $206.6 million. Exports to Mexico remained at a record pace through September, rising 7 percent in volume (850,204 mt) and 12 percent in value ($1.89 billion). Led by excellent growth in Honduras, Guatemala, Costa Rica, El Salvador, Panama and Nicaragua, pork exports to Central America in September were up 36% year-on-year to 12,895 tonnes, valued at US$41.9 million (up 42%). Exports to the region are also on track for a record pace in 2024, with shipments through September up 23% to 109,634 tonnes, valued at US$344 million. Strong growth in the Philippines, ...

Source: 3tres3