EU exports continue strong performance in February

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EU exports continued their strong performance into February, with pork shipments up almost a third on the same period a year earlier, to 168,000 tonnes.

South Korea was the only major Far East market to show a fall in volumes (+23%), when compared with February 2015. This was mitigated by substantial increases in shipments to China (+107%), Japan (+28%) and Hong Kong (+51%) over the same period. However, overall export volume increases have been slightly at the expense of value, with overall unit prices falling 6%. Having said that, the value of shipments was still up 23% on the same period a year earlier, to €361million. The strong pig price in China has had a positive effect on the value of European exports as they can remain competitive against the domestic product, while the average unit price increased 8% on February 2015.


Offal shipments also increased significantly in February 2016 versus February 2015, with strong growth experienced in all Far East markets. Although smaller in volume, Vietnam has emerged from a very small importer in 2015, to levels of 3,800 tonnes in 2016 – a near quadrupling on a year earlier. This may well be an opportunity for UK exporters going forwards, so it will be prudent to watch how this market develops.


Vikki Campbell, Senior Analyst, 024 7647 8741