According to data released by the USDA and compiled by the U.S. Meat Export Federation (USMEF), November exports of U.S. pork reached the highest value since mid-2021 while at the same time, U.S. beef and lamb exports trended lower in November.
Pork
"November pork exports totaled 258,601 metric tons (mt), up 5% from a year ago and the highest in six months. Export value was up 2% to $737.4 million, the highest since May 2021 and the seventh highest on record. For January through November, exports totaled 2.64 million mt, up 8% from a year ago, valued at $7.39 billion (up 5%)."
“The momentum for U.S. pork exports is remarkable and very broad-based,” said USMEF President and CEO Dan Halstrom. “While Mexico accounts for much of the past year’s export growth, there are success stories throughout the Western Hemisphere and across the entire globe. And the coming year also looks very promising in both established and emerging markets.”
"November pork exports to leading market Mexico set a value record at $221.3 million, up 5% from the large total posted a year ago. Export volume (100,313 mt) increased 14% and was the second largest on record, trailing only October 2023. January-November exports already surpassed the annual records set in 2022, with volume increasing 13% year-over-year to 995,534 mt, while value was 15% higher at $2.12 billion."
"Mexico’s surging demand for U.S. pork is especially impressive because the market attracted new competition over the past two years. Since mid-2021, Mexico has granted zero-duty access to all eligible pork, beef and poultry suppliers, and this policy has been extended through 2024. The main beneficiaries are European and Brazilian pork, though pork imports from Brazil have been suspended since late November due to a court challenge to Mexico’s import procedures. Even with new players in the arena, the U.S. share of Mexico’s imported pork market increased in 2023, reaching 84%."
"Led by outstanding growth in Honduras, Guatemala and El Salvador, pork exports to Central America set monthly volume and value records in November. Shipments increased 35% from a year ago to 16,565 mt, while value surged 37% to $51.3 million. Through the first 11 months of the year, exports increased 15% to 119,348 mt, while value climbed 20% to $352.4 million. Shipments to the region are on a record pace, with exports already setting annual value records in Honduras and Guatemala and both volume and value records in El Salvador and Nicaragua."
"November pork exports to Colombia set a value record at $34.3 million, up 59% from a year ago, while November volume was the second largest on record at 12,148 mt (up 46%). After a slow start in 2023, exports to Colombia have strengthened in recent months. For January-November, exports were 6% below the 2022 pace at 88,550 mt, but value increased 6% to $242.2 million. The record performance in Colombia and robust growth in Chile and Peru pushed November pork exports to South America to the largest levels in two years. Shipments increased 55% from a year ago to 15,056 mt, the sixth largest on record, while value jumped 58% to $43.2 million, the third highest on record. Exports to Chile were the largest in 11 years and exports to Peru were the largest since June. Through November, exports to South America were 1% lower in volume (106,968 mt) but increased 8% in value ($306.7 million)."
Beef
"Beef exports totaled 99,029 mt in November, down 14% from a year ago and the second lowest of the year, while value fell 7% to $786.2 million. For the first 11 months of the year, beef exports were 13% below the record pace of 2022 at 1.18 million mt, while value declined 17% to $9.11 billion."
“There are certainly bright spots for U.S. beef, with exports rebounding in Mexico and demand in several Western Hemisphere markets the strongest we’ve seen in years,” Halstrom said. “But economic conditions in our largest Asian markets and the sharp rebound in Australian production and exports have been persistent obstacles over the past year, making it a sharp contrast with the tremendous 2022 performance for U.S. beef exports. Despite these challenges, we still see sustained demand for chilled U.S. beef, and the U.S. remains the dominant supplier of chilled beef entering Korea, Japan and Taiwan.”
"Beef exports to Mexico posted another impressive performance in November, increasing 3% from a year ago to 17,843 mt and climbing 14% in value to $103.6 million. Through the first 11 months of 2023, exports to Mexico rebounded 14% in volume to 189,242 mt and an impressive 24% in value to $1.08 billion – already surpassing the full-year totals from 2022. This included a 16% increase in beef variety meat exports, to 98,330 mt, with value up 20% to $286.5 million."
"November beef exports to Central America were steady with a year ago at 1,940 mt, while value increased 20% to $15.1 million, the highest in two years. For January through November, exports to the region edged 1% higher than a year ago to 19,027 mt, while value increased 5% to $135.4 million. Exports to leading market Guatemala were up 5% to 8,471 mt, while value increased 14% to $66.8 million. In Honduras, shipments increased 10% to 2,294 mt and soared 33% higher in value to just under $13 million. Both of these markets have already set annual value records and are on a record volume pace. Export volume to El Salvador is also on a record pace."
"Despite lower shipments to leading market South Africa, November beef exports to Africa nearly doubled from a year ago to 1,221 mt (up 97%), while value was 33% higher at $1.5 million. Growth was led by Angola, Cote D’Ivoire and Gabon. January-November shipments to Africa increased 60% to 19,364 mt, valued at $24 million (up 28%). About 98% of these shipments are beef variety meat, mainly livers and kidneys."
Lamb
"November exports of U.S. lamb totaled 115 mt, down 64% from a year ago, while value fell 50% to $817,000. January-November exports were 18% below the previous year’s pace at 2,169 mt, while value was 17% lower at $11.5 million. Exports trended higher to Guatemala, the Netherlands Antilles and Barbados, but these gains were offset by lower shipments to Mexico and Canada."
Complete January-November export results for U.S. pork, beef and lamb are available from USMEF's statistics web page.
