EU pork exports strong in 2020, with China influencing the market
EU pork exports in January remain elevated, as more shipments were directed to China. Including offal, the volumes shipped to third-countries reached 407,100 tonnes, up 27% compared with January 2019. "Exports of fresh/frozen pork increased by 32% to 264,800 tonnes. Volumes sent to China in January more than doubled on the year to total 174,700 tonnes. Influenced by this, shipments to other key markets – namely Japan, South Korea and the US – suffered double-digit declines," according to an AHDB report.
Nevertheless, volumes shipped to China, although much larger than a year ago, didn't match those exported in October and November last year, when China's demand for pork was at its peak. "The release of Chinese pork stocks, and high import volumes over the previous months, meant Chinese import demand eased in the New Year. The coronavirus epidemic also subsequently affected imports, though reports suggest trade has begun to move again in recent weeks," declared analysts.
Exports of pig offal in January rose 20% on the year to 125,700 tonnes, bolstered by a 37% rise in shipments to China (to 86,500 tonnes). This outweighed a near 60% fall in shipments to the Philippines. The EU does not import much pig meat; however, imports rose 18% year-on-year in January. Nearly 50% of these imports were from Switzerland.
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