Italian imports increasingly dominated by Germany
For the first three quarters of 2014 Italian pork imports were enhanced by product previously bound for Russia being redirected throughout the continent.
For the first three quarters of 2014 Italy remained a large net importer of pork, with virtually all of its demand being met from within the EU. Imports were enhanced by product previously bound for Russia being redirected throughout the continent. A 9% increase led to 762,700 tonnes being imported between January and September, filling the deficit from decreased internal production. Imports predominantly came from Germany, with volumes 12% higher than last year, as demand remained strong for processed pig meat over fresh joints. Most other major suppliers also increased shipments to the Italy; the UK supplied around 800 tonnes more pork than during this period last year. The unit price for pork imports fell back on the year by 5%, with reductions across virtually all of the suppliers, as strong EU production provided ample supply. Nevertheless, increasing volumes took total import value to just over €1.5billion, up 4% on last year.
Non-EU pork exports rose in the first nine months of 2014, driven by rapidly increasing exports to Japan, despite a decrease in shipments to the main market from last year, Hong Kong. This growing Japanese trade pushed the total pork export value for this period to almost €130 million. Speciality hams have traditionally been the strongest Italian pig meat export product and the first three quarters of 2014 saw an 18% increase in this trade, despite subdued trade to the leading French and German markets. Strong growth was recorded to other EU markets and to key global buyers such as the US and Japan. This increased the value of this sector’s exports by 11% on the year to €526 million. Offal exports also increased during this period, by 10%, with an export value of €38 million as Asian markets, as well as European markets such as Spain and France, continued to grow.