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24

2022

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08

Pig meat trade down MoM in Jun

Source:

AHDB

Exports of pig meat (excluding offal) from the UK totalled 16,800 tonnes in Jun, down 22% (4,900 tonnes) from May and a drop of 8% (1,500 tonnes) year on year. Total exports of pig meat for the first 6 months of 2022 stand at 121,300 tonnes, up 7% (8,400 tonnes) compared to the same time last year, partly due to the disruption Brexit caused to trade in the early part of 2021.

 

Exports of pig meat (excluding offal) from the UK totalled 16,800 tonnes in Jun, down 22% (4,900 tonnes) from May and a drop of 8% (1,500 tonnes) year on year. Total exports of pig meat for the first 6 months of 2022 stand at 121,300 tonnes, up 7% (8,400 tonnes) compared to the same time last year, partly due to the disruption Brexit caused to trade in the early part of 2021.

 

Shipments to the EU fell by 4.2% (500 tonnes) in Jun to total 10,600 tonnes. The fall is a result of lower volumes being sent to Germany, Denmark and the Netherlands. EU pig prices have been flattening lately whilst UK prices are still climbing, therefore it is likely that as EU pork becomes more competitively priced compared to the UK, demand for UK pork will come under pressure.

 

The main driver for reduced exports in Jun is the loss of volume shipped to China. Exports to China fell 33% (2,000 tonnes) from May, a drop of 41% (2,800 tonnes) compared to Jun 2021. Following the ASF outbreak, China has been reporting a steady head count for breeding sows recently, with increased productivity meaning domestic production has been increasing.

 

Despite more competitive pricing of EU pig meat, loss of volume is to be expected as according to the latest EU short term outlook, production of pig meat in the EU is forecast to decline 5% in 2022 and exports to fall 10%. Volumes from the Netherlands and Ireland saw the largest fall month on month, down 1,500 tonnes and 1,100 tonnes respectively. The largest year on year declines have been seen from Belgium, Denmark and Poland, all exporting between 1,400 -1,900 tonnes less in Jun this year compared to Jun last year.