Spain makes gains in Asian pork markets
The country became the leading pork supplier to the Chinese market and fourth leading supplier to Japan, the Foreign Agricultural Service (FAS) of the U.S. Dept. of Agriculture said its latest GAIN report from Madrid.
Pork exports from Spain remained stable from January to July, FAS said, while values increased 14$ compared to the same period a year ago.
In 2016, Spanish pork exports to China advanced 96$ reaching 252,543 metric tons with a corresponding increase in value, making China the most important destination for Spanish pork and Spain the second largest pork supplier to China, according to FAS.
“Spanish pork exports to Japan continue its upward trend with 31$ growth in volume and 37$ in value, resulting in the second Spanish pork destination in value terms,” the agency said in its report.
In addition to China, Spain pork exports have expanded in Eastern Europe and other Asian countries including South Korea (+39$ with 63,325 MT and +36$ in value), Hong Kong (+46$ with 29,081 MT and +68$ in value), Philippines (+42$ with 26,004 MT and +61$ in value), Taiwan (+69$ with 18,007 MT and +75$ in value),Vietnam (+75$ with 4,529 MT and +103 in value), and in North America to the United States (+59$ with 6,168 MT and +45$ in value) and Canada (+111$ with 4,474 MT and +117$ in value).
Pork exports from Spain are expected to slightly increase for the remainder of 2017, then becoming flat in 2018.
Factors that may weigh on Spanish pork exports outside the EU include higher global pork production and stronger competition with the United States and Brazil, according to the report. ■