BELGIUM, Brussels. Pork exporters in the European Union have suffered significant declines in sales and revenues so far this year.
According to data from the Brussels-based Commission, exports of pork and by-products - excluding trade with the United Kingdom - fell nearly 28% year-on-year to 1.85 million t carcass weight from January to May. This also meant a decrease in export revenues of 1.56 billion €, or 27%, to 4.15 billion €. This was almost exclusively due to weak sales in China. The volume of EU pork shipped to the People's Republic fell by almost 943,000 t, or 62%, to 565,700 t; the export revenues concerned slumped by more than 2.2 billion €, or 67%, to 1.07 billion €.
In addition, the volume of exports to Hong Kong fell by around two thirds year-on-year to just 34,270 tons. At 30,800 metric tons, around 60 % less EU goods were sold to Vietnam, which was still a high-demand market last year. For all other destinations, however, trade data show significant increases in some cases in exports of pork from the Union. Sales to Japan, for example, increased by more than half to 206,900 t, as comparatively favorable prices and the lower exchange rate of the euro made the purchase of frozen EU goods more attractive. Exports to South Korea even rose by a good 70% to 155,300 t, and to the Philippines by more than 30% to 207,600 t.
These were all sales markets where the United States lost market share. Spain remained the largest exporter of pork from the EU with 692,980 t; however, this was almost 30% less than in the first five months of 2021. Danish exports fell 25.4% to 319,050 t. Germany, on the other hand, as the former leader in EU pork exports, is becoming less and less important. Due to the export bans imposed because of African swine fever (ASF), sales of German pork, including by-products, to third countries fell by 42.3% to 119,060 t compared to the same period last year.
Source: fleischwirtschaft.de; AgE