Surging pork exports from the European Union to Asia are disrupting exports of the same products from the United States. The European Union last year surpassed the United States as the world’s leading exporter of pork, according to a recent USDA report. EU pork exports to all destinations increased seven percent from 2013 to 2015, while total U.S. shipments only increased one percent. Since 2014, EU pork exports to China rose nearly 82 percent. While Japan, Korea and China accounted for nearly 38 percent of total EU pork shipments in 2013, those markets rose to nearly 56 percent in 2015. U.S. pork exports to Japan, Korea and China declined five percent during the 2013 to 2015 period and also accounted for a smaller portion of total U.S. shipments.
As a result, EU expanded not only shipments to key Asian markets in terms of volumes, but also market share.
Source: NAFB News Service