Higher Spanish exports in first half of year
At 507,300 tonnes, Spanish pork exports strengthened in the first half of the year, despite the loss of the Russian market post the ASF outbreak in Poland and Latvia.
At 507,300 tonnes, Spanish pork exports strengthened in the period January to June 2014 compared with the year before. Lower feed prices, genetic improvement and faster growth rates of pigs secured additional supplies on the Spanish market. As such, there was higher availability of pork for the export market in the first half of this year and shipments were up 8% on the year, despite the loss of the Russian market post the ASF outbreak in Poland and Latvia. The EU accounts for over three-quarters of total Spanish exports and trade with the continent strengthened by 7% in the latest period.
Spain supplied a quarter of its pork to France in the first half of this year but this represented a reduction in the importance of the French market, as volumes shipped fell by 4% on a year earlier. Similarly, Portugal, which is the third largest market for Spain, bought marginally less pork compared with the January and June period in 2013. However, exports to other European destinations increased, including Italy (up 18%), Germany (up 7%) and the UK (up 22%). As has been the case across Europe, Spain is supplying increasing volumes of pork to Asian markets. As such, supplies to Japan and South Korea more than doubled, while a quarter more was shipped to China. These three Asian markets accounted for 16% of total trade, as opposed to 10% last year during the same period. This helped to offset the loss of the Russian market, which took 6% of Spanish exports last year. The value of Spanish exports in the first half of this year totalled €1.2 billion, up 11% from a year earlier.