January EU exports down on the year
In January 2015, at just shy of 124,000 tonnes, the EU-28 exported 5% less pork compared to the previous year, which was before the Russian ban was imposed, according to data from Eurostat.
Unit values remained relatively stable but the decrease in volume resulted in a fall in overall income from fresh and frozen pork exports to €287 million. Asia continued to dominate the market, despite a 4% decrease in deliveries to China and less to Hong Kong. South Korea took 60% more EU pork as disease continued to hinder its own production. The US, equally, despite beginning to recover from PEDv, also took more EU pork to satisfy consumer demand, while Japan showed more recovery and decreased its need to import. Australia continued to become an increasingly important recipient of EU pork, edging towards 7% of the market, double its share last January.
Offal exports from the EU were also lower in January 2015 than last year, by 6%, reducing the value of this trade to €94.6 million. With a 5% increase, however, China took over half of all EU offal exports as demand also supported a 14% increase in unit price. The Philippines and South Korea also received more, while Hong Kong reported a 42% reduction. This goes some way to dealing with the issues of carcase balance, as the EU consumer shows a preference for prime cuts and the East for offal. Cured and processed exports were down, by 13% and 10% respectively, with the US and Japan taking over a third of the total.