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November Pork Exports Set New Record

11 January 2017

US - US red meat exports continued to build momentum in November, highlighted by a new monthly volume record for pork exports, reported the US Meat Export Federation.

Demand for US pork gained further momentum in Mexico in November, where a fifth consecutive record year for export volume is now within reach. November exports totaled 73,984 mt, up 21 per cent year-over-year and pushing January-November volume (649,992 mt) nearly even with the record pace of 2015.

Export value was up 32 per cent in November ($139.2 million) and January-November export value increased 4 per cent to $1.19 billion.

Though still lower year-over-year, pork exports to leading value market Japan continued to strengthen in November, increasing 24 per cent from a year ago in volume (37,317 mt) and 35 per cent in value ($153.4 million, the highest since April 2015).

Through November, export volume to Japan was down 5 per cent to 357,808 mt, while export value ($1.44 billion) pulled within 1 per cent of the previous year’s pace. 2016 will be a record year for chilled pork exports to Japan, which were up 10 per cent through November to 201,828 mt.

Other highlights to US pork include:

  • While pork muscle cut exports to China/Hong Kong continue moderate, pork variety meat demand remains very strong. In November, pork variety meat exports to the region increased more than 90 per cent in volume (32,398 mt) from a year ago and more than doubled in value ($69.9 million). Through November, pork variety meat exports were up 60 per cent in volume (281,273 mt) and 51 percent in value ($569 million), while combined pork and pork variety meat exports totaled 497,701 mt (up 63 perc ent) valued at $978.9 million (up 55 per cent).

  • Pork exports to Central and South America increased 7 per cent in volume through November to 120,502 mt, valued at $297.4 million (up 5 per cent). Year-over-year increases were achieved in all seven Central American countries, led by mainstay markets Honduras and Guatemala, as well as in Chile. After a difficult first half, exports to Colombia have rebounded significantly in the past four months and are now just below their 2015 pace.

  • January-November exports to Canada were up 2 per cent from a year ago in both volume (186,724 mt) and value ($731 million). This included a 13 per cent increase in pork variety meat volume (12,451 mt), valued at $17.8 million (up 5 per cent).

  • Larger exports to both Australia and New Zealand pushed January-November exports to the Oceania region up 9 per cent year-over-year in volume (63,653 mt) and 2 per cent higher in value ($179.6 million).

ThePigSite News Desk

Top image via Shutterstock



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