Asian countries dominating the EU export market
At, 116,600 tonnes, latest trade figures for the EU indicate a 6% year-on-year decline in pork exports in March, a considerable improvement from the 19% decline in the previous month.
At, 116,600 tonnes, latest trade figures for the EU indicate a 6% year-on-year decline in pork exports in March, a considerable improvement from the 19% decline in the previous month. The ASF-related Russian ban left a dent on the EU export market but higher requirements from Asian markets have reduced the impact of this ban. Demand for EU pork was positive across the key Asian importers, including China and Japan, whose collective share of total exports was around 41%. Supplies to China rose marginally while Japan imported 15% more compared with March 2013. South Korea gained a higher significance in the EU market, as volumes exported increased from 7,100 tonnes in March 2013 to 15,700 tonnes in the same month this year. However, overall exports were subdued as a result of the collapse of trade with Ukraine and Belarus, as well as Russia.
Pig offal exports strengthened by 9% in March, to 82,800 tonnes. Similar to the pork market, excess supplies following the Russian ban were picked up by the Asian markets. China and Hong Kong dominated offal exports, with an increment of 17%, while the Philippines continued to emerge as an important secondary market. Taiwan more than quadrupled its intake, although it still represented only a 3% share of the overall market.