US exports largely stable over first six months
US exports of fresh/frozen pork remained largely stable in the first half of 2016 on last year, at 784 thousand tonnes.
However, the value of these exports fell just under 6% to $1,989 million over the same period. This stability in export volumes was largely supported by an increase in shipments to China, as the other large importers of US pork all recorded decreases over the first six months of the year.
Mexico remained the largest importer of US pork, accounting for just under a third of all shipments. However, export volumes to Mexico recorded a 4.5% decrease on 2015 levels. Japanese shipments also saw a 14% decrease. This was largely due to fewer frozen cuts being shipped, as the US focused on promoting the higher value chilled cuts, which increased in volume. Chinese shipments continued to go from strength-to-strength, almost trebling on the same period a year earlier. The US Meat Export Federation (USMEF) is continuing in its efforts to promote the value of US pork to both processors and end users, to enhance the sustainability of this export trend. Shipments to South Korea recorded a fall of one-third on 2015 levels. This was predominantly due to domestic production in South Korea ramping up again, following outbreaks of FMD. However, the US has gained a larger market share of the decreasing Korean export market.
Vikki Campbell, Senior Analyst
Vikki.Campbell@ahdb.org.uk, 024 7647 8741