EU pork exports slip back in April
Having been relatively strong in the first quarter of 2015, EU pork exports slipped back somewhat in April.
Volumes were 2% lower than a year earlier and 11% down on April 2013, before the Russian ban. The figures would have been substantially worse were it not for strong sales to China, with shipments up by nearly two-thirds compared with a year earlier. Most other major markets took less EU pork than in April 2014, including some, such as South Korea and the Philippines, which had previously been growing strongly. Despite the lower figure in April, exports for the first four months of the year were still 9% higher year on year. The unit price of EU exports in April was 3% lower than a year earlier in euro terms, meaning that the value of the trade was down 4% on the year, at €285 million. The weakening of the euro over the last year means that the unit price in US dollar terms was down by nearly a quarter, which has helped the competitiveness of EU product on global markets.
China was also the main growth market for EU offal exports in April 2015, with shipments up by half. Because of China’s leading position among export markets, this was enough to mean that volumes were up overall despite the other major markets, Hong Kong and the Philippines, taking less. Somewhat higher unit prices meant the value of offal exports was up 18% to a fraction under €100 million during the month.