EU pork exports decline in July
Latest figures published by Eurostat show a 6% year-on-year fall in EU-28 pork exports in July. Growth in Asian markets failed to fully offset the loss of the Russian trade.
Latest figures published by Eurostat show a 6% year-on-year fall in EU-28 pork exports in July, at 135,400 tonnes. Japan took 70% more pork from the EU as a whole in the seventh month of this year, accounting for almost a quarter of EU exports. This time last year, Russia was the key export destination, with a similar share of the market. South Korea and Hong Kong also increased EU pork imports, by 61% and 19% respectively. Shipments to China, on the other hand, declined by 13% compared with July 2013. These four Asian destinations now account for well over half of the total export market. The US and the Philippines also gained some importance for EU exporters, along with many smaller markets. With only a small rise in the price of EU exports, the value of pork shipments in July 2014 totalled €326.9 million, down 2% compared with the same month in 2013.
At 88,900 tonnes, EU pig offal exports increased by 6% in July, compared with a year earlier, indicating a recovery from the recent slowdown. Export growth was evident in the main Chinese market, which recorded an 18% year on year rise. In contrast, supplies to Hong Kong came down by 11%, compared with July 2013. Together, China and Hong Kong dominate the offal export market, accounting for two thirds of the total. Several other Asian markets recorded strong growth, offsetting the loss of the Russian trade. The price of offal exports in July came down by 5% and, therefore, the value of these shipments totalled €96.8 million, almost the same as a year earlier.