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Photo of Irish trade strengthens in first nine months of 2014

Bethan Wilkins

Analyst

AHDB Pork Market Intelligence

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Irish trade strengthens in first nine months of 2014

Home \ Prices & Stats \ News \ 2014 \ November \ Irish trade strengthens in first nine months of 2014

At 110,700 tonnes, latest trade figures showed a stronger position for Irish exports between January and September, as volumes increased by 12% compared with the first nine months of 2013.

At 110,700 tonnes, latest trade figures showed a stronger position for Irish exports between January and September, as volumes increased by 12% compared with the first nine months of 2013. There were higher purchases of Irish pork from both EU and non-EU markets. There was 14% more pork exported to the EU, with the main destination being the UK, where supplies were up by 6% year on year. However, bacon supplies to the UK were down sharply, while processed exports, including sausages, increased. Pork shipments to Denmark, presumably for re-export, almost doubled but 12% less pork was exported to Germany.

Irish pork exports

Pork exports to non-EU markets rose by 10% year on year, despite the loss of the Russian market, which was Ireland’s leading third country market last year. This made China was the key buyer of Irish pork, as exports increased by 6% on a year earlier. Meanwhile, trade with Japan strengthened significantly, rising from 1,300 tonnes last year to 9,100 tonnes this year between January and September. In addition, many other smaller markets took much higher volumes this year, notably South Korea, the US and the Philippines. Between them, these four markets accounted for almost 20% of Irish exports this year, up from just 5% last year. The overall value of pork exports between January and September this year totalled €264.8 million, up 13% on the year, as unit prices were slightly higher.