Pork trade: South Korea replaces German goods
Pork trade

South Korea replaces German goods

Imago / Panthermedia
South Korea is a lucrative market for high-fat cuts such as pork bellies.
South Korea is a lucrative market for high-fat cuts such as pork bellies.

DENMARK, Copenhagen. Denmark and other countries are closing the German supply gap to South Korea that opened up after exports were halted due to ASF.

Denmark, as a pork exporter, benefited greatly last year from Germany's problems with African swine fever (ASF). Market analysts at the Danish Agriculture and Food Federation (Landbrug & Fødevarer, L&F) reported that a total of 25,300 t of pork were shipped from the northern neighbor to South Korea in 2021, an increase of about 175% from the previous year.

According to market observers, the enormous growth is based on the extensive failure of Germany. After the outbreak of ASF in Germany, exports plummeted by more than 96 percent year-on-year to only about 2,800 t. Denmark, as well as other EU countries, had made up for this shortfall.

Denmark has thus become South Korea's seventh most important supplier of pork in 2021. Leading this list by a wide margin is the United States. The latter supplied about 139,400 t of pork to South Korea in 2021, although this represented a decline of about 10% compared to 2020. Total imports from the Asian country had nevertheless increased over the year, rising by a good 3% to 431,900 t.

Germany has not yet concluded a regionalization agreement with South Korea and other countries such as China, Japan or the Philippines, which is why they imposed an import ban on the entire Federal Republic. As a result, total German pork exports to third countries from January to October 2021 plummeted 48% year-on-year to 476,931 t, according to the Federal Statistical Office (Destatis).

Source: fleischwirtschaft.de; AgE

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