Australia importing more pork than ever
ISN reports that Australia's pork imports rose to a record high in the first half of 2019. Compared to the previous year, the import volume has increased by a quarter.
1 September 2019
3 minute read
By: ISN reported this week that due to drought-related high feed costs, pork production in Australia is no longer profitable so pork producers are stepping down and opening up a large gap in the market for overseas imports. In addition, pork consumption per capita has increased, according to reporting by Agra-Europe (AgE), which is further benefiting EU and US exporters.
Looking at statistics from 2018, Australia was the ninth largest pork importer in the world and the seventh most important customer for European exporters, with imports from the EU totalling 100,000 tonnes.
According to ISN, the US is gaining the highest benefit from the bigger demand for pork in Australia; compared to the first half of 2018 the US increased their exports to Australia by 43 percent this year. Denmark and Ireland have also noted a marked increase in exports to the southern hemisphere.
Other suppliers have noted sales losses, including the Netherlands and Canada; Canadian exports dropping by 5,490 tonnes (23 percent) this year.
