EU trade increases in February
In February, the EU exported 128,000 tonnes of pig meat, 29% higher than February 2014, the month immediately after the Russian ban on EU imports was imposed.
This figure was also up on February 2013, showing EU volumes are back above levels seen before the Russian export ban. Shipments from the EU to China grew by half on levels seen a year ago, reaching 29,700 tonnes, while volumes going to South Korea and the United States rose at a similar rate and those to Australia more than doubled. However, the amount exported to Japan fell 12% to 21,800 tonnes, as the Japanese industry continues to recover from PEDv. The average unit value of shipments was up 1% compared to the year earlier in euro terms (but was 16% lower in US dollar terms), which led to the total value of exports from the EU increasing to €294 million, up 30% on February 2014. The increase in February more than offset January’s decline in shipments, so the total volume of pig meat exported from the EU in the first two months of the year was up 10% year on year.
EU offal exports also increased in February, up 14% at 88,200 tonnes. China again took over half of the offal shipped from the EU but exports to Hong Kong fell, while volumes to the Philippines and Korea continue to rise. Unit prices of offal exported also increased in euro terms in February, up 2%, leading the total value of shipments to grow 17% to €99 million. Cured and processed exports were down, by 7% and 17% respectively, with the US and Japan remaining the major markets for these products.