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December pork exports reached 244,718 mt, up 13% year-over-year and the second largest of 2022 (slightly below November). December export value climbed 14% to $687.3 million. These results pushed 2022 exports to 2.67 million mt, down 8.5% from a year ago, while export value was the third-largest on record at $7.68 billion – down 5% from the record achieved in 2021.
Pork exports to Mexico posted another volume record in December at 90,175, up 13%. December export value was $198.3 million, up 42% and the third highest on record. These results pushed 2022 exports to a record 959,701 mt, up 10% from a year ago, while export value soared 21% to $2.03 billion, topping the $2 billion mark for the first time.
December exports also trended higher year-over-year to China/Hong Kong, the Dominican Republic, the Philippines, and Australia, and set a value record in Central America.
Pork exports to the Dominican Republic also closed 2022 posting the second largest volume on record in December at 9,466 mt (up 80% year-over-year, trailing only November 2022). December export value more than doubled from a year ago to $28.8 million, up 125%. Exports to the DR set annual records in both volume (85,551 mt, up 46%) and value ($233.6 million, up 55%).
Pork exports to China/Hong Kong were slow in the first half of 2022 but strengthened notably in the second half. This trend continued in December as exports reached 56,230 mt (up 66% year-over-year), valued at $137.7 million (up 49%). While this was largely driven by demand for variety meat, pork muscle cut exports to the region also increased 53% to 20,522 mt, valued at $55.9 million (up 75%). For the full year, pork and pork variety meat exports to China/Hong Kong were down 26% to 542,443 mt, valued at $1.39 billion (down 20%).
December volume of pork variety meat exports was 54,056 mt, up 54% from a year ago, while export value increased 35% to $124.4 million. In both volume and value, December exports were the third largest on record. 2022 exports of U.S. pork variety meat totaled 530,290 mt, up 2% year-over-year and the second largest on record, while export value was record-high at $1.27 billion (up 3%). Exports to China/Hong Kong set annual records for both volume (338,467 mt, up 3% year-over-year) and value ($841.1 million, up 4%), while shipments also increased to the Philippines, Japan, Korea, Guatemala, Colombia, the Dominican Republic and South Africa.
February 8, 2023/ USMEF/ United States.
https://www.usmef.org
