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Pork exports totaled 221,140 metric tons (mt) in September, down less than 1% from a year ago, while export value fell 4% to $643.7 million. For the first three quarters of 2023, pork exports increased 9% year-over-year to 2.13 million mt and climbed 7% in value to just under $6 billion.
September pork shipments to Mexico remained well ahead of last year’s record pace, increasing 17% to 89,042 mt. Export value increased 18% to $207.6 million, the third highest month on record. Through the first three quarters of 2023, exports to Mexico climbed 13% from a year ago to 794,354 mt, valued at $1.68 billion. This included excellent growth in pork variety exports, which surged 31% in volume (117,945 mt) and 40% in value ($220.4 million).
Led by robust growth in leading markets Honduras and Guatemala, September pork exports to Central America increased 34% year-over-year in both volume (9,507 mt) and value ($29.6 million).
Pork exports to the Dominican Republic are on a record pace in 2023, with September shipments increasing 3% from a year ago to 5,785 mt and value up slightly to $17.4 million.
Demand for U.S. pork has rebounded impressively in Oceania, where exports through September increased 80% from a year ago to 57,615 mt, as U.S. pork continues to retake market share from the European Union. Export value climbed 64% to $202 million. Due to market access restrictions, most U.S. exports to the region are raw material for further processing, but value-added processed products from the U.S. have also gained popularity in both Australia and New Zealand.
While September exports to the ASEAN region were below last year, shipments through the first three quarters of the year were still 30% above last year at 52,471 mt, with value up 7% to $124.4 million. The Philippines was the top destination (42,357 mt, up 22%), with Malaysia surging into the #2 spot at 3,935 mt – up more than 1,500% from a year ago. Exports also trended higher to Vietnam (3,714 mt, up 43%) and Indonesia (581 mt, up 38%).
November 7, 2023/ USMEF/ United States.
https://www.usmef.org
