EU pork exports down again in August
Latest EU pork export figures for August highlight a 10% year-on-year reduction in shipments but pig offal exports rose by a similar share.
Latest EU pork export figures for August highlight a 10% year-on-year reduction in shipments, to 129,600 tonnes. The decline was largely a result of the loss of the Russian market, coupled with a 13% fall in supplies to China. However, any further falls were mitigated by growth in demand from other key markets. It is worth noting that EU pork exports have gained greater significance in most Asian markets. Japan continued to be the leading destination for EU pork exports, with a market share of almost a quarter. Shipments to South Korea and Hong Kong rose by two-thirds and three-quarters respectively. Higher quantities of pork were also shipped to the Philippines, Australia and the US, among others. With the EU pork export price maintaining some stability in August, the value of total supplies amounted to €313 million, down 10% from the same month in 2013.
At 86,300 tonnes, pig offal exports, on the other hand, rose by 10% in August compared with the same month in 2013. The main buyers of EU pig offal included China and Hong Kong, accounting for around 70% of total supplies. As such, growth in offal exports was driven by increased shipments to these two markets, up by 26% and 17% respectively. Similarly to the pork market, the Philippines also gained further importance in the offal market, as exports more than doubled to this destination. The total value of offal exports in August amounted to €99 million, also up 10% from the year earlier.