Photo of EU competes on price as pork exports grow in July

Bethan Wilkins


AHDB Pork Market Intelligence


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EU competes on price as pork exports grow in July

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In a continuation of the trend recorded in June, EU exports of fresh and frozen pork rose by 3% in July compared with a year earlier, to 164,000 tonnes, according to data from Eurostat. However, export prices across the region remained around 14% lower than a year ago, leading to the value of July exports falling by 9% year-on-year to €359 million.

Pork exports to the EU’s largest market by volume, China, actually fell by 5% year-on-year (2,500 tonnes) in July, returning to the recent trend of decline following a brief upturn in June. Exports to Japan, the EU’s leading export market by value, remained stable at 27,000 tonnes, although falling export prices to Japan eroded the value by 7% year-on-year. Pork shipments to Hong Kong also fell by 44% (4,500 tonnes) on the year. The overall volume growth in EU exports was attributable to South Korea, the Philippines and notably Ukraine, importing an additional 15%, 24% and 400% respectively. Exports to Ukraine have grown significantly over the past year to 3,700 tonnes in July, making it the eighth largest destination for EU pork in the month.

The decline in EU pig offal exports slowed in July, falling 1% on 2017 to 100,000 tonnes. Shipments to Hong Kong continued to fall (-7,600 tonnes), although this was offset by trade with Vietnam (+3,300 tonnes), the Philippines (+1,900 tonnes) and a number of other smaller markets, particularly in Africa.


Year to date (January – July) exports of fresh/frozen pork are running at around the same level as in 2017, although remaining above the five year average for this period, at 1.22 million tonnes. However, export prices are 9% lower than the same period last year, meaning value is down by 8% at €2.76bn.

The value of trade to China is down by 19%, and in the year so far, it is around half what it was two years ago. This is largely due to the modernisation of pig production and the herd in China, which has led to increasing domestic supply. However, with African Swine Fever (ASF) now discovered in around twenty sites, at least some of this supply could be under threat, depending on how the outbreak is managed. 2019 US hog contracts are well supported by the news, despite increased tariffs being in place and the US not necessarily being first in line to increase shipments to China. Exporters in the EU may be in a better position to replace some of this volume, as long as ASF does not become an issue closer to home.


Duncan Wyatt, Lead Analyst  0247 647 8856