USMEF: Rapid start for 2024 pork exports
Although January pork exports were led by another powerful performance in leading market Mexico, U.S. pork continued to make gains in a wide range of Western Hemisphere and Asia-Pacific destinations. Pork exports totaled 251,424 metric tons (mt) in January, up 6% from a year ago, while export value also increased 6% to $682.1 million.
"Mexico’s demand for U.S. pork is so spectacular that it tends to overshadow other great success stories", said USMEF President and CEO Dan Halstrom. "It is especially gratifying to see other markets following the trail blazed by Mexico, as purchases expand beyond raw material for further processing to include center-of-the-plate cuts, including loins, which are gaining popularity at retail and foodservice".
January pork exports to Mexico reached 102,181 mt, up 6% from a year ago and the second largest on record, trailing only December 2023. Export value increased 8% to $207.2 million, the seventh largest on record.
After a very strong finish in 2023, January pork exports to Korea soared 53% from a year ago to 20,727 mt. Export value was up 51% to $67.6 million. This follows a remarkable performance in December, when shipments reached nearly 24,000 mt, the highest since 2019. Despite a rising presence of Canadian, Mexican and Brazilian pork in Korea, U.S. pork continues to make gains as the U.S. industry retakes market share from the European Union.
Despite lower shipments to leading market Honduras, January pork exports to Central America jumped 22% from a year ago to 11,846 mt, while value increased 29% to $35.7 million. Exports climbed significantly year-over-year to Guatemala, El Salvador, Costa Rica, Panama and Nicaragua.
Other January results for U.S. pork exports include:
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