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2022 U.S. beef exports set annual records, strong finish for pork exports

Christian Fernsby |
U.S. beef exports set annual records for both volume and value in 2022, according to year-end data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Pork exports finished lower year-over-year but export value was the third largest on record, trailing only the highs reached in 2020 and 2021.

Pork exports continued to gain momentum in December, led by another outstanding performance in Mexico. While lamb exports slowed in December, 2022 shipments were sharply higher than the previous two years, approaching the pre-COVID levels of 2019.

Despite slowing toward the end of the year, beef exports reached 1.47 million metric tons (mt), up 2% from the previous high in 2021. Export value climbed to a record $11.68 billion, up 10% from 2021 and nearly 40% above the previous five-year average.

The U.S. exported a record share of its record-large beef production in 2022, and at higher prices. Beef exports achieved annual records in many individual markets, including South Korea, China/Hong Kong, Taiwan, the Philippines, Singapore, Colombia, Guatemala and the Dominican Republic.

In December, beef exports trended lower than a year ago at 112,707 mt, down 7%, while value fell 21% to $782.6 million. The December decline was due in part to a sharp drop in exports to China/Hong Kong, where demand had been constrained by persistent zero-COVID policies.

China lifted most COVID restrictions in early December and resumed some international travel in early January.

Along with the recent easing of COVID-related cold chain regulations and inspections, these changes offer a more optimistic demand outlook for 2023.

Pork exports finished 2022 on a decidedly upward trajectory as December shipments reached 244,718 mt, up 13% year-over-year and the second largest of 2022 (slightly below November). December export value climbed 14% to $687.3 million. These results pushed 2022 exports to 2.67 million mt, down 8.5% from a year ago, while export value was $7.68 billion – down 5% from the record achieved in 2021.

Pork exports to Mexico ended 2022 on a very high note, setting a volume record in December on the way to a record-breaking year. December exports also trended higher year-over-year to China/Hong Kong, the Dominican Republic, the Philippines and Australia, and set a value record in Central America.

A solid December performance capped a record-shattering year for beef exports to Korea, which climbed 4% year-over-year to 291,748 mt. 2022 export value was $2.7 billion, up 13% and setting an all-time record for any single destination.

In December, exports increased 12% from a year ago to 24,084 mt, though value trended lower at $192.3 million (down 10%).

Throughout the pandemic, beef export growth to Korea has been driven by soaring retail demand, in both traditional venues and e-commerce. The foodservice sector could receive a boost from Korea’s further easing of COVID restrictions, including removal of the nationwide indoor mask mandate at the end of January.

Beef exports to China/Hong Kong were also record-large in 2022, with volume totaling 278,294 mt (up 16% year-over-year) valued at $2.55 billion (up 22%). But December was a difficult month, as exports fell more than 30% from a year ago in both volume (14,863 mt, down 31%) and value ($132 million, down 33%).

China announced sweeping changes to its COVID policies in early December, removing many restrictions on domestic travelers and consumers, and later removed restrictions on cold chain products and international travel.

But these changes came amid a massive wave of COVID cases that steadily climbed throughout the month before peaking in most major metropolitan areas in early January.

While beef shipments to Taiwan slowed in the fourth quarter, exports still set new annual records for both volume and value. Exports totaled 64,818 mt, up 3% from a year ago and 2% above the previous high reached in 2020. Export value climbed to $746.9 million, breaking the previous (2021) record by 12%.

Exports of U.S. beef variety meat set an annual value record of $1.24 billion, up 15% from a year ago, despite a slight decline in volume (298,492 mt, down 1%).

Export value growth was led by Japan ($534.5 million, up 6%), China/Hong Kong ($175.8 million, up 97%), Egypt ($90 million, up 31%), Korea ($54.9 million, up 45%), Canada ($24.3 million, up 43%), the Philippines ($16.7 million, up 162%) and Chile ($6.9 million, up 61%). Value was also slightly higher to Mexico ($266.6 million, up 1%).

Following a huge performance in November, pork exports to Mexico posted another volume record in December at 90,175, up 13%. December export value was $198.3 million, up 42% and the third highest on record.

These results pushed 2022 exports to a record 959,701 mt, up 10% from a year ago, while export value soared 21% to $2.03 billion, topping the $2 billion mark for the first time.

Demand for U.S. pork is surging despite heightened competition in Mexico, where imported pork, beef and poultry from all eligible suppliers have entered at zero duty since May and duties will remain suspended through the end of this year.

Mexico also recently opened for the first time to Brazilian pork, provided that it originates from approved plants in the state of Santa Catarina and goes directly into further processing.

Pork exports to the Dominican Republic also closed 2022 with remarkable momentum, posting the second largest volume on record in December at 9,466 mt (up 80% year-over-year, trailing only November 2022).

December export value more than doubled from a year ago to $28.8 million, up 125%.

Exports to the DR set annual records in both volume (85,551 mt, up 46%) and value ($233.6 million, up 55%).

The DR also temporarily suspended import duties on red meat and poultry in June, which attracted more Canadian and European pork. But the decree suspending these duties has expired, meaning the U.S. is once again the only major pork supplier with duty-free access while imports from other major suppliers are subject to the DR’s most-favored-nation rate of 25%.

Pork exports to China/Hong Kong were slow in the first half of 2022 but strengthened notably in the second half. This trend continued in December as exports reached 56,230 mt (up 66% year-over-year), valued at $137.7 million (up 49%).

While this was largely driven by demand for variety meat (see below), pork muscle cut exports to the region also increased 53% to 20,522 mt, valued at $55.9 million (up 75%).

For the full year, pork and pork variety meat exports to China/Hong Kong were down 26% to 542,443 mt, valued at $1.39 billion (down 20%).

Following another excellent performance in December, pork variety meat exports averaged a record $10.15 per head slaughtered in 2022. December volume was 54,056 mt, up 54% from a year ago, while export value increased 35% to $124.4 million.

In both volume and value, December exports were the third largest on record. 2022 exports of U.S. pork variety meat totaled 530,290 mt, up 2% year-over-year and the second largest on record, while export value was record-high at $1.27 billion (up 3%).

Exports to China/Hong Kong set annual records for both volume (338,467 mt, up 3% year-over-year) and value ($841.1 million, up 4%), while shipments also increased to the Philippines, Japan, Korea, Guatemala, Colombia, the Dominican Republic and South Africa.


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