DAIRY, PRODUCE, & EGG EXPORTS ON MARKED UPTREND
U.S. exporters of dairy produce and eggs (HS code 04) must be thrilled to see foreign demand for their product more than quadruple in the last 10 years. Except for 2009, dairy produce and egg exports by dollar value have grown each year since 2003. Although dairy produce and egg exports declined in the second half of 2012, they quickly recovered in early 2013, partly because of avian flu outbreaks in Mexico and China, which spurred demand for imported eggs. For the first seven months of 2013, total dairy produce and egg exports were up 22 percent; for all of 2013, exports are expected to advance by a remarkable 38 percent year-over-year and total $5.8 billion. The trend for U.S. dairy produce and egg exports is clear: upward.
CHINA GAINS MARKET SHARE, MEXICO LOSES
Mexico is by far the largest market for U.S. dairy produce and eggs, but its market share has declined this year while China’s share has increased. The avian flu, which unleashed in Mexico in 2012 and continued this year, spurred demand for imported eggs. Nevertheless, the demand from Mexico this year was not as strong as China’s. The U.S.’s No. 2 market China imported 50% more U.S. dairy produce and eggs through July, while Mexico imported 30% more. The avian flu also impacted China’s production of poultry and eggs this year, which partly explains the strong demand for U.S. eggs. China’s market share increased from 6.6% in 2011 to 8.0% in 2013, while Mexico’s market share stood merely unchanged at 26.2% over the same period.
Faltering production of dairy produce from other major suppliers and favorable exchange rates have also contributed to record export figures this year.
By volume, exports are also having a good year, up 11% year-to- date for a total of 49,235 TEUs. Between 2007 and 2012, volume exports have grown at a compound annual growth rate of 5.2%.
PORT OF LOS ANGELES SHIPPED MOST DAIRY PRODUCE AND EGGS YEAR-TO-DATE
Year-to-date through July, Port of Los Angeles shipped 20% of all U.S. dairy produce and eggs, a total of 9,907 TEUs. The Port of Oakland followed closely with a 19% share and a total TEU count of 9,275. Th e Top 5 ports that shipped the most dairy produce and eggs year-to-date are on the West Coast.
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