EU exports to the Philippines grow
The Philippines continues to emerge as an important market for EU exports of pork and offal.
Imports of pork to the country were up by nearly a third in the first quarter of 2015, compared with a year before. However, shipments from the EU nearly doubled to 12,400 tonnes, partly replacing imports from North America. This meant that the EU’s market share rose from 40% in 2013 to almost 80% this year. Within this, imports from the UK more than trebled, although they still accounted for less than 2% of the total. As well as the increased volume, unit prices were also substantially higher, rising 10% in Philippine pesos but as much as 35% in euros. This meant the value of EU pork exports to the Philippines increased by over €10 million year on year to €17.8 million.
The EU also gained market share in the even more important pig offal market in the Philippines. Offal imports were up 23% overall but EU shipments were up by nearly two-thirds, increasing its share to nearly three-quarters. This compares to a share of below half two years before. The UK’s share of this trade was higher at around 4%, with volumes having trebled since the first quarter of 2014. As with pork, unit prices were significantly higher, meaning the value of this trade to the EU roughly doubled to reach €26.5 million during the three months.