Agricultural News
Japan Keeps Buying U.S. Pork & Beef
Wed, 24 Feb 2010 17:55:08 CSTJapan was again a key trading partner for the U.S. beef and pork industries in 2009, outperforming the market and either maintaining or increasing U.S. beef and pork imports even as total retail and foodservice spending in Japan slumped in the global economic slowdown.
In calendar year 2009, U.S. pork sales in Japan our top market for pork export value nearly matched the all-time value record set one year ago. The latest figure is 1.54-billion dollars. In this same environment, sales of U.S. beef in Japan ended the year 23 percent higher than the previous year in both volume and value while the global market for all beef exporters fell 16 percent.
U.S. Meat Export Federation President and CEO Phil Seng, says - one of the keys to growing market share for U.S. beef and pork in this economic environment has been to provide products that deliver tremendous versatility and value.
The United States now holds 46 percent of the imported pork market share in Japan and 72 percent of the chilled pork market. Since reentering the market after BSE, U.S. beef market share is also on the rise. The U.S. captured 20 percent of the market in 2009, compared to just 10 percent two years earlier.
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