US meat exports are making inroads to the North Asia markets but the TPP pullout could dampen prospects.
United States pork and beef exports recorded excellent performance to Japan in 2016 and is the number one North Asia market. U.S. meat exporters are also increasing shipments to Korea and Taiwan while making progress on Hong Kong and China with assistance from the United States Department of Agriculture (USDA) and the U.S. Meat Export Federation (USMEF). Meat products are growing as a source of protein in a region accustomed to a diet of fish and seafood.
In 2016, the U.S. exported worldwide a record 2.31 million metric tons (1 metric ton equals 2,204.622 pounds) of pork, an 8% increase from 2015 and total value exported was up 7% from 2015 to $5.94 billion. Pork exports accounted for 25.8% of total 2016 U.S. production up from 24.2%. Japan was the leading value destination for U.S. pork by $1.56 billion dropping 2% from 2015 and a 5% drop in volume to 387,712 metric tons (mt). However, “chilled meats exported to Japan increased by a record volume of pork and 50% more beef in 2016,” according to recent correspondence and reports from the USMEF.
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