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Pork exports totaled 272,141 metric tons (mt) in November, up 5% from a year ago, while export value increased 6% to just under $783 million. These results included an especially strong month for pork muscle cut exports, which increased 6% to 221,652 mt. Muscle cut export value was the third highest on record at $671.4 million.
Through the first 11 months of 2024, pork exports were also up 5% year-over-year in volume (2.76 million mt) and 6% in value ($7.85 billion). When December results are available, exports will exceed 3 million mt for the first time, topping the previous high (2.98 million mt) reached in 2020. Export value will exceed $8.5 billion, easily surpassing the 2023 record of $8.16 billion.
November pork exports to leading market Mexico totaled 99,849 mt, the fourth highest this year and nearly matching the very strong volume from a year ago, while export value increased 2% to $225.7 million.
Pork exports to Colombia were record-large in November, climbing 19% from a year ago in volume (14,471 mt) and 23% in value ($42.1 million).
Despite modestly lower shipments to leading markets Honduras and Guatemala, November pork exports to Central America still increased 14% from a year ago to 18,896 mt and climbed 15% in value to $59 million. Shipments were record-high to Nicaragua, El Salvador and Belize and were the second largest on record to Costa Rica.
November was another outstanding month for pork exports to Oceania, with shipments increasing 28% from a year ago to 8,221 mt, while value climbed 29% to $30.1 million.
November pork exports to Japan increased 3% year-over-year to 27,699 mt, while value was 4% higher at $116.1 million.
Shipments increased year-over-year to the Philippines, Malaysia and Vietnam, fueling a 65% increase in November pork exports to the ASEAN region in both volume (5,517 mt) and value $11.6 million.
Although pork exports to China/Hong Kong remain well below the large volumes seen earlier this decade, the market has recently regained significant momentum. November exports totaled 44,973 mt, up 23% from a year ago, while value increased 22% to $110.2 million.
January 8, 2025/ USMEF/ United States.
https://www.usmef.org
