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UK pig meat exports totalled 24,200 t in June, a minor uplift (+200 t) from Might however down 15% (-4,400 t) in comparison with the identical month final yr. For the yr so far (Jan−Jun) pig meat exports totalled 151,800 t, the bottom quantity since 2015.
Shipments to the EU and the broader world have recorded giant declines year-on-year, down 26% (-23,400 t) and 39% (-18,300 t) respectively, following the development in general export volumes. Nevertheless, shipments to China have solely recorded a small year-on-year change, down 3,500 t (6%). This extra subdued decline in shipments is because of 61% of imported product from the UK being made up of offal. Volumes of offal shipped to China have grown 16% yr on yr whereas volumes of contemporary/frozen pork have declined by 26% as Chinese language customers search for extra reasonably priced cuts.
Imports of pig meat to the UK totalled 68,100 t in June, solely 600 t behind volumes recorded in Might. Nevertheless, this is a rise of 5,000 t in comparison with June final yr, the second month in a row to file year-on-year progress. For the yr so far (Jan−Jun) UK pig meat imports totalled 381,900 t which is down 8% (-34,200 t) in comparison with the identical interval in 2022.
There’s a mixture of things behind this loss in import quantity. European pig meat manufacturing for the yr up to now (Jan−Might) is sitting 9% behind final yr, following the same development to the UK, limiting the quantity of product accessible for export on the continent. Added to this, European pig reference costs have seen vital upward motion because the new yr. This has closed the value differential between UK and EU product, making EU imports to the UK dearer. On high of this, client demand stays damaging as a result of cost-of-living disaster with volumes of pig meat bought in retail down 2.5% year-on-year (52 weeks ending 9 July).
August 15, 2023/ AHDB/ United Kingdom.
https://ahdb.org.uk
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