AHDB Pig Market Weekly
21 November 2016
Value of UK exports grows, despite falling volumes
The value of pork exported from the UK during September was up 16% on the year, reaching £21.7 million. This increase occurred despite volume being down 9%, at 16.4 thousand tonnes. A 26% rise in average unit prices supported total export value, aided by the weak the pound which shielded most importing nations from the price rise; in euro terms the price was only up 7%, for example.
Significantly, shipments to China during September showed no growth on the same period in 2015, the first month for a year of no expansion. Exports to Denmark and the Netherlands, likely for re-export, and Hong Kong were back 20%, 22% and 37%, respectively. Offal exports were also down 14% on the year during September, as shipments to China fell back. A decline in UK production will also be limiting supplies available for export. Conversely, there was a 12% rise in UK pork exported to Germany, reflecting the increase in sow slaughterings seen during September. Exports of processed products and sausages also countered the general declining trend. Increased competitiveness as a result of the weak pound likely influenced these trends.
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