Monitoring EU Agri-Food Trade: Development until April 2016
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1 Monitoring EU Agri-Food Trade: Development until April 2016 April 2016 monthly EU agri-food trade balance at record value of EUR 1.5 billion The monthly trade balance for all EU agri-food products in April 2016 stood at EUR 1.5 billion, compared to EUR 1.0 billion in April EU agri-food exports in April 2016 registered a decline compared to March but still reached a significant value of almost EUR 11 billion, This is about EUR 0.2 billion less than in April 2015, but EUR 0.9 billion higher than in April 2013 and Highest increases in monthly export values (April 2016 compared to April 2015) were recorded for the USA (EUR +119 million) and China (EUR +86 million). Also agri-food exports to Morocco, Australia, Malaysia, Ukraine and Switzerland increased by EUR 20 million or more. Most important reductions were in export values to Hong Kong, some Middle East and North African countries (Algeria and Libya) and to Turkey. The highest increases in monthly export values were achieved for pork (+68%), followed by meat offal, spirits and liqueurs, and olive oil. On the other hand, monthly export values in April 2016 compared to April 2015 went down in particular for wheat, for hides and skins and for milk powders. In April 2016 agri-food imports to the EU decreased to a value of EUR 9.4 billion from EUR 10.2 billion in April The highest decrease in monthly imports was from Brazil and the USA.
2 12-month period: Most dynamic development in exports to China For the 12-months period May 2015 to April 2016, EU agri-food exports reached a value of almost EUR 129 billion, meaning an increase by 2.8% in value compared to the same period one year ago. Major gains were achieved in values of agri-food exports to the USA (EUR billion; +14%) and China (EUR +2.4 billion; +29%), followed by increases in exports to Saudi Arabia (EUR +0.8 billion). Agri-food exports to Switzerland, the United Arab Emirates, and Australia, each increased by EUR 300 million or more in the twelve-months period. Exports to Russia further went down, from EUR 7.3 billion (May 2014 to March 2015) to EUR 5.5 billion (April 2015 to March 2016), i.e. a reduction in values by 25%. Analysing the performance over the last twelve months per product category, export values increased in particular for wine (EUR +633 million; +6% compared to export values in the 12-months period one year ago), pig meat (EUR +582 million; +15%, with an increase by EUR +192 million in April 2016 compared to April 2015), spirits and liqueurs (EUR +503 million; +5%) and live animals (EUR +501 million; +25%). In relative terms, high increases in export values were also seen for soya beans, eggs and butter. Wheat (EUR -1.1 billion; -17%), milk powders (EUR -720 million; -16%) and hides and skins (EUR -498 million; -18%) lost most in export values over the last 12 months. Losses in export revenues were also noted for fresh fruit, sugar infant food. Major increases in agri-food imports from USA and Argentina Agri-food imports from third countries in the period May 2015 to April 2016 came into the EU at a value of EUR 112 billion, i.e. an increase by 4.7% compared to the same period one year ago. The export surplus for the 12-months period stands at about EUR 16 billion. Imports from the USA showed the highest increase in values (EUR +970 million; +9%) in the 12-months period until April 2016, although going down in the last month. Import values for agri-food products from Ukraine went up by EUR 561 million (+15%) over the last 12 months, as well as from Argentina (EUR +558 million; +10%) and from Turkey (EUR +495 million; +11%). Apart from Ivory Coast (EUR +352 million) and China (EUR +263 million; +5%) also some Latin American and North African countries improved in agri-food exports to the EU, such as Peru, Colombia, Chile and Uruguay, as well as Morocco, Egypt and Tunisia. On the other hand, the value of agri-food imports from Brazil decreased by EUR 1.3 billion (-9.5%) and imports from other important suppliers, Indonesia and Canada also went down as well compared to the previous 12 months period. Looking at imports per product category, the highest increase in values over the last 12 months was for tropical fruit, nuts and spices (EUR +2 billion; +18%). Imports also increased for oilseeds other than soya beans (EUR +492 million; +18%), fruit and vegetable preparations (EUR +431 million; 13%) and for fresh, chilled or dried vegetables (EUR +403 million; +10%). On the other hand, import values decreased in particular for commodities such as oilcakes (EUR -1 billion; -12%), unroasted coffee and tea in bulk (EUR -455 million; -6%), palm oil, palm kernel and coconut oil (EUR -453 million; -8%), soya beans (EUR -312 million; -6%), sugar (EUR 161 million) and cocoa paste and powder (EUR -143 million), as well as for non-edible products as raw hides and skins (EUR -118 milllion) and for fatty acids and waxes (EUR -101 million). (extraction date for statistics: 13/06/2016)
3 Focus on: EU trade in pigmeat Pigmeat is one of EU agri-food flagship products accounting for around 5% of total agri-food value. It is also one of the products affected by the Russian sanitary ban applied in February 2014 and the embargo in August Prior to the ban, in 2013, Russia was the main destination of EU pigmeat exports, taking one quarter of total EU pigmeat exported to third countries. By 2015, pigmeat exports to Russia had disappeared completely. Nevertheless, EU global exports of pigmeat have increased substantially particularly in Notably, exports of fresh, chilled and frozen pigmeat increased by 68% in April 2016 year on year. Over the past two years, EU pigmeat formely exported to Russia has been reoriented mainly towards certain Asian countries such as China, Philippines and Hong Kong, which were already growing destinations before The EU's trade balance for pigmeat is largely positive, with annual exports worth nearly EUR 6 billion in recent years. The main client for EU exports is now China, followed by Japan, Hong Kong, Philippines and South Korea. Global demand for pigmeat is continuously growing and the EU was able to benefit from increased import demand in China in particular. The expansion of the Chinese import market is related partly to continuous increase in consumption but in 2015 also to the fact that many small farms have stopped activity due to stricter environmental requirements. This domestic supply shortage created increased demand for imports and also pushed up pigmeat prices in China. More than half of EU exports of pigmeat to China (61% as an average by export value since 2013) are offal, the remaining exports consist of frozen shoulders, bellies and other frozen cuts in particular. Pigmeat from the EU has been very competitive in the last couple of years with prices lower or comparable to those of its main competitors, the US and Brazil. However, this also translates into lower returns for the EU pigmeat sector. 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Destinations and unit value of EU pigmeat exports, EU pigmeat imports are marginal compared to exports, accounting for only 1% of the exports' value. Half of the imports are supplied by Switzerland RoW Russia Australia Philippines USA South Korea Japan Hong Kong China unit value ( /100 kg) EU pigmeat exports by value (EUR million) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Note: "Pigmeat" includes fresh, chilled and fozen pigmeat, pig offal and preparations of pigmeat
4 Table 1: EU28 agri-food exports top 20 destinations EU28 agri-food exports to. May15 - to May14 - Extra-EU , ,9 United States of America , ,4 China , ,9 Switzerland , ,0 Russia , ,6 Japan , ,4 Saudi Arabia , ,1 Norway , ,8 Hong Kong , ,6 Canada , ,8 Turkey , ,4 United Arab Emirates , ,9 Algeria , ,2 Australia , ,1 Korea (Republic of) , ,3 Egypt , ,7 Singapore , ,1 South Africa , ,8 Morocco , ,0 Israel , ,6 Brazil , ,3 other countries , ,2 Table 2: EU28 agri-food exports most important changes in April 2016 EU28 agri-food exports to. May15 - to May14 - Extra-EU , ,9 United States of America , ,4 China , ,9 Morocco , ,0 Australia , ,1 Malaysia , ,4 Ukraine , ,7 Switzerland , ,0 Vietnam , ,1 Yemen , ,4 India , ,5 Belarus , ,8 Thailand , ,5 Mauritania , ,2 Nigeria , ,6 Korea (Republic of) , ,3 Angola , ,6 Turkey , ,4 Libya , ,7 Algeria , ,2 Hong Kong , ,6 other countries , ,3
5 Table 3: EU28 agri-food exports by product category PRODUCT/PERIOD May15 - to May14 - EU28 EXPORT mio % mio % All agri-food products , ,9 Commodities , ,0 Other primary , ,6 Processed , ,8 Food preparations , ,7 Beverages , ,1 Non-edible , ,2 Wheat , ,3 Cereals, other than wheat and rice , ,0 Rice , ,7 Flours and other products of the milling industry , ,4 Malt , ,2 Starches, inulin & gluten , ,8 Soyabeans , ,3 Oilseeds, other than soyabeans , ,0 Palm & palm kernel oil , ,0 Vegetable oils other than palm & olive oil , ,7 Oilcakes , ,8 Other feed and feed ingredients , ,2 Beet and cane sugar , ,1 Sugar, other than beet & cane , ,8 Milk powders and whey , ,9 Butter , ,8 Gums, resins and plant extracts , ,2 Unraosted coffee, tea in bulk & mate , ,8 Cocoa beans , ,6 Cocoa paste and powder , ,1 Agricultural commodities, not specified , ,7 Live animals , ,2 Bovine meat, fresh, chilled and frozen , ,1 Pork meat, fresh, chilled and frozen , ,7 Poultry meat, fresh, chilled and frozen , ,8 Sheep and goat meat, fresh, chilled and frozen , ,6 Offal, animal fat & other meats, fresh, chilled & frozen , ,5 Fresh milk and cream, buttermilk and yoghurt , ,1 Eggs and honey , ,6 Vegetables, fresh, chilled and dried , ,7 Fruit, fresh or dried, excl. citrus & tropical fruit , ,7 Citrus fruit , ,2 Tropical fruit, fresh or dried, nuts and spices , ,9 Miscellaneous seeds and hop cones , ,9 Agricultural primary products, not specified Meat preparations , ,3 Cheese , ,4 Olive oil , ,2 Preparations of vegetables, fruit or nuts , ,0 Fruit juices , ,5 Wine, vermouth, cider and vinegar , ,3 Roasted coffee and tea , ,2 Chocolate, confectionery and ice cream , ,2 Infant food & other prep of cereals, flour, starch or milk , ,5 Pasta, pastry, biscuits and bread , ,8 Soups and sauces , ,3 Coffee and tea extracts , ,5 Food preparations, not specified , ,7 Pet food , ,2 Waters and soft drinks , ,7 Beer , ,9 Spirits and liqueurs , ,2 Odoriferous substances , ,5 Raw hides, skins and furskins , ,2 Non edible animal products , ,0 Wool and silk , ,8 Cotton, flax and hemp, and plaiting materials , ,9 Cut flowers and plants , ,2 Bulbs, roots and live plants , ,5 Raw tobacco , ,5 Cigars and cigarettes , ,2 Fatty acids and waxes , ,3 Sugar alcohols , ,5 Essential oils , ,9 Ethanol , ,4 Casein, other albuminoidal sub. & mod. starches , ,6 Non-edible, not specified , ,3 Products non-attributable , ,2
6 Table 4: EU28 agri-food imports top 20 origins EU28 agri-food imports from. May15 - to May14 - Extra-EU , ,0 Brazil , ,3 United States of America , ,8 Argentina , ,0 China , ,0 Turkey , ,4 Switzerland , ,8 Ukraine , ,8 Indonesia , ,4 India , ,6 Ivory Coast , ,1 Thailand , ,3 New Zealand , ,9 South Africa , ,0 Chile , ,2 Vietnam , ,1 Malaysia , ,2 Canada , ,9 Australia , ,9 Colombia , ,6 Peru , ,7 other countries , ,3 Table 5: EU28 agri-food imports most important changes in April 2016 EU28 agri-food imports from. May15 - to May14 - Extra-EU , ,0 Ivory Coast , ,1 Egypt , ,0 Uruguay , ,1 Ukraine , ,8 Russia , ,2 Morocco , ,3 Serbia , ,1 Colombia , ,6 Bolivia , ,2 Nigeria , ,0 Israel , ,6 Honduras , ,8 Canada , ,9 Chile , ,2 Paraguay , ,6 Indonesia , ,4 Argentina , ,0 Tunisia , ,9 United States of America , ,8 Brazil , ,3 other countries , ,3
7 Table 6: EU28 agri-food imports by product category PRODUCT/PERIOD May15 - to May14 - EU 28 IMPORT mio % mio % All agri-food products , ,0 Commodities , ,9 Other primary , ,4 Processed , ,5 Food preparations , ,2 Beverages , ,3 Non-edible , ,3 Wheat , ,2 Cereals, other than wheat and rice , ,3 Rice , ,3 Flours and other products of the milling industry , ,9 Malt , ,7 Starches, inulin & gluten , ,5 Soyabeans , ,3 Oilseeds, other than soyabeans , ,3 Palm & palm kernel oil , ,6 Vegetable oils other than palm & olive oil , ,0 Oilcakes , ,2 Other feed and feed ingredients , ,2 Beet and cane sugar , ,1 Sugar, other than beet & cane , ,1 Milk powders and whey , ,7 Butter , ,7 Gums, resins and plant extracts , ,9 Unraosted coffee, tea in bulk & mate , ,2 Cocoa beans , ,7 Cocoa paste and powder , ,0 Agricultural commodities, not specified Live animals , ,0 Bovine meat, fresh, chilled and frozen , ,1 Pork meat, fresh, chilled and frozen , ,6 Poultry meat, fresh, chilled and frozen , ,1 Sheep and goat meat, fresh, chilled and frozen , ,4 Offal, animal fat & other meats, fresh, chilled & frozen , ,4 Fresh milk and cream, buttermilk and yoghurt , ,0 Eggs and honey , ,0 Vegetables, fresh, chilled and dried , ,1 Fruit, fresh or dried, excl. citrus & tropical fruit , ,2 Citrus fruit , ,7 Tropical fruit, fresh or dried, nuts and spices , ,7 Miscellaneous seeds and hop cones , ,9 Agricultural primary products, not specified , Meat preparations , ,0 Cheese , ,8 Olive oil , ,6 Preparations of vegetables, fruit or nuts , ,1 Fruit juices , ,5 Wine, vermouth, cider and vinegar , ,7 Roasted coffee and tea , ,0 Chocolate, confectionery and ice cream , ,0 Infant food & other prep of cereals, flour, starch or milk , ,2 Pasta, pastry, biscuits and bread , ,7 Soups and sauces , ,8 Coffee and tea extracts , ,2 Food preparations, not specified , ,6 Pet food , ,9 Waters and soft drinks , ,8 Beer , ,6 Spirits and liqueurs , ,4 Odoriferous substances , ,7 Raw hides, skins and furskins , ,9 Non edible animal products , ,0 Wool and silk , ,7 Cotton, flax and hemp, and plaiting materials , ,1 Cut flowers and plants , ,0 Bulbs, roots and live plants , ,5 Raw tobacco , ,7 Cigars and cigarettes , ,1 Fatty acids and waxes , ,7 Sugar alcohols , ,5 Essential oils , ,1 Ethanol , ,6 Casein, other albuminoidal sub. & mod. starches , ,3 Non-edible, not specified , ,7 Products non-attributable , ,6
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