South Korean pork imports remain stable in Q1
South Korean pork imports were relatively stable during the first three months of 2019, with only a small variation of -0.5%. The volume of pork imports reached 146,200 tonnes in the first quarter of the year, with EU countries covering 50% of it (73,500 tonnes). Nevertheless, Imports from the EU-28 are down 3% from last year, according to an AHDB analysis.
Spain is increasing its presence in this market, while Germany and the Netherlands are preserving their position.
US pork imports also show a decrease but the gap seems to be filled by Canada, who has overcome the milestone of 10 thousand tonnes/quarter. "South Korean pork imports have been growing for the last five years, along with domestic production. Exports, although small in comparison, have dropped off significantly over the same time, together indicating that domestic demand is growing for pork", explained Hannah Clarke, Analyst at AHDB.
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