Pork export values up, as volume decreases
The volume of UK pork exports continued to decline last November, following lower levels of domestic production for much of 2016, AHDB Pork has revealed. Despite this, the decline in the value of the pound has meant that the value of shipments remains up compared to a year earlier.
According to Mark Kozlowski, senior analyst at AHDB Pork, the continuing low value of Sterling meant that the average unit price for exports rose by 29%, which left the value of pig meat exports in the month up by a quarter at £24.2 million.
Meanwhile, said to be driven by lower shipments to some major markets in Germany, Denmark and the Netherland, the volume of pork exported from the UK in November 2016 fell by 3% compared to the previous month to 17,000 tonnes.
This was despite double digit increases to the two largest markets for UK pork: China and Ireland. Exports to these markets were up 25% and 12% respectively.
Pork imports rose 25% to 45,000 tonnes in November compared to the year earlier. According to Kozlowski this was largely driven by Danish shipments, which were up by 66% compared to 2015. Volumes received from Germany were also up, rising by 16%.