Japan

Increased pork imports in Japan

Pork

Canadian and US pork are accounting for almost 50% of the market share.

Posted on Feb 10 ,04:23

Increased pork imports in Japan

Canada and the US are the main suppliers of pork in Japan, both countries having an equal market share of 25% each. Due to stable pork production of almost 900,000 tonnes reported by Japan in 2019, imports in this country have increased by 3.7%, reaching 960,000 tonnes of fresh and frozen pork, announced the Japan Ministry of Finance. Top 5 main pork exporters to Japan is completed by Spain and Denmark, both with 12% market share, and Mexico (10%).
However, domestic demand is still low and prices have remained flat in the last 12 months but some analysts are thinking that Jpan is building stocks of pork to be covered in the event of an African swine fever outbreak. "It is possible that the increase in imports in 2019 was to build stocks as a safety net against African Swine Fever (ASF). Stocks have grown by 30% in the past year to over 210,000 in November 2019. The growth in stocks outweighs the growth in imports. Domestic retail prices have been falling, which altogether might indicate weak demand," commented Duncan Wyatt, lead analyst for AHDB.
Since September 2018, Japan was affected by a Classical swine fever (CSF) outbreak, with 53 cases reported in farms and further 1,373 cases reported in wild boar.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

SPAIN

Spain: The meat sector consolidates its leadership in the agri-food industry

According to the latest available data, the sector reached a total turnover of €41.337 ...


Read more Read more
INTERNATIONAL

Cargill: Consumers are seeking more protein for health and taste in 2025

People are eating more protein than ever before, with 61% of Americans increasing their protein i...


Read more Read more
SPAIN

Pork gains presence on Spanish tables

This growth marks a shift in trends that began the previous year, following a period of slight de...


Read more Read more
Websolutions by Angular Software and SpiderClass