EU Pork exports go from strength to strength
After a successful 2016, exports of fresh and frozen pork from Europe started the New Year strongly. Volumes exported from the EU-28 in January were up more than 20% compared with the same month last year, at 187,300 tonnes.
The strong prices seen towards the end of 2016 have continued, meaning the value of exports were up by even more, 34% higher than January 2016 and totalling €447 million for the month.
Shipments to China bucked the trend of recent months, up nearly 27% compared with January 2016 and the main driver of overall EU export growth. Exports to Australia and some Asian countries, such as Hong Kong and South Korea, also showed increases. In contrast, the US imported only 6300 tonnes, nearly 20% less than it had in January 2016.
EU exports of offal did not show the same gains as fresh and frozen product, although they did record an increase of nearly 14% compared with January last year, chiefly driven by a 25% rise in volumes sent to China. China and Hong Kong combined imported 92,400 tonnes of EU offal in January, making up over three quarters of Europe’s export market for offal in that month. The total monthly export volume from the EU was 120,900 tonnes.
Duncan Wyatt, Lead Analyst
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