EU pork exports: many tons of little euros -
The EU exports of pork assignedis with a self-sufficiency rate of approximately 110%. After the import ban of Russia, around 750,000 t have disappeared since 2014 exports per year for the EU. The export sector has endeavoured in the past two years. to offset a large part of the shortages.
Sales are mainly in the Asian countries. The largest increase accounted for by China with an increase of about 50%. More export volumes could be accommodated in the direction of South Korea. However, the exports have declined again to Hong Kong and the Philippines. As a result it remains the case that over the years 2013 including Russia exports still about 40,000 t are missing.
But considering the value of the exports to € is a much larger difference in value to determine. The average export revenues is €1.88 per kg of product processed, packaged, and frosted. The pure raw material value is again lower half.
Looking at the individual export earnings in the different countries, turns out that the revenue from the sale significantly remains to China with an average €1.44 per kg of product processed, packaged, and frosted . Further export increases will exert only very limited impact in this country on price increases. But China is just the country that has the greatest potential for import increase only in the low price segment.
Exports to Japan at €3.46 / kg are clearly superior. But the Japanese import volumes remain within narrow limits.
For South Korea , larger amounts from the EU at rates of €2.30 / kg were dropped off, but external demand holds only as long as the United States with their high dollar prices have lost their competitiveness. Ultimately, South Korea suffers from pig epidemics, which get difficult in the handle.
For a fundamental improvement in the currently low pig prices, although the increase in exports is a welcome measure, but it is not sufficient to generate sufficiently large values to the heights heritage payment . As long as the Russian pork imports never appear on the international market, the hopes of price recovery will be limited.
