Pork exports from Canada are slowing down
Canadian pig meat exports (including offal) have slowed down during the first 10 months of 2021. Compared to volumes reported same period last year, exports are now 4% below, totaling 1.12 million tonnes. The decline is even more visible in the third quarter, (-7%) and it may sink even further, considering that export volumes in October were 14% below the same month a year ago.
Last year, China was the main market for Canadian pig meat, with almost 500,000 tonnes shipped. For 2021, the story didn't repeat itself and, from the period of January-October, volumes have reached only 244,000 tonnes. Canada has not been able to fully compensate for this decline by exporting product elsewhere. Nonetheless, there was strong growth to the US (+26%), which resumed its position as the dominant market and received 293,000 tonnes. Shipments to Mexico also doubled, totaling 143,000 tonnes and volumes to the Philippines quadrupled, at 107,000 tonnes.
"Languishing Chinese import demand means global pork exporters are currently facing much competition on alternative markets. Export growth relative to previous highs may remain difficult for most key players to achieve," commented Bethan Wilkins, AHDB Senior Analyst.
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