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According to Écho-PORC, a newsletter published by the Centre de développement du porc du Québec inc. (CDPQ), from January to September, Canadian meat and pork product exports reached just over 1.1 million tonnes and generated revenues of approximately $3.75 billion.
This data shows new record levels in both volume and value after three quarters, representing increases of 18% in volume and 21% in value over 2019.
Sales to China/Hong Kong are the main source of Canadian export growth. After three quarters, exports to China/Hong Kong totaled approximately 488,000 tonnes, with revenues of over $1.28 billion. This represents an increase of 115% in volume and 152% in value. In addition, a greater percentage of Canadian shipments went to China/Hong Kong compared to 2019. In terms of volume, shipments increased from 24% in 2019 to 44% in 2020, while in terms of value, they rose from 16% to 34%. However, in 2019, China imposed an embargo on Canadian pork from June 25 to November 5.
Volumes shipped to the United States and Japan have declined by nearly 3% and 2%, respectively. Revenues grew slightly by 1% and 4% respectively. Historically the first and second largest buyers of Canadian pork in terms of value, these two markets have fallen to second and third place, leaving China/Hong Kong in the lead. Among the notable declines, exports to Mexico, the Philippines, South Korea and Taiwan fell by 37%, 23%, 24% and 58% in terms of volume respectively. In terms of value, the declines were approximately 45%, 17%, 18% and 50%.
Finally, it should be noted that Canada appears to be benefiting from the presence of African swine fever in Vietnam. After three quarters, purchases from Vietnam have increased by 461% in volume and 577% in value.
Novembre 2020/ Écho-PORC-CDQP/ Canada.
http://cdpq.ca
