After many month-over-month increases, August 2022 exports failed to match the peak in August 2021.
Canadian beef exports in August 2022 of 42,081 tonnes valued at $373 Million, were down 18 per cent in volume and down 22 per cent in value from August 2021; but up five per cent in volume from the five-year average.
While August exports decreased from the previous month, exports continue to be within a stable range in 2022. Federally inspected slaughter for the same five-week period was down 6.8 per cent in August. Reduced production is expected to limit export volumes in the second half of the year. Year-to-date beef exports of 337,319 tonnes valued at $3.06 million were up 9.8 per cent in value and were stable in volume from the same period in 2021.
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Export volumes have increased to Japan (22 per cent), Mexico (six per cent), South Korea (105 per cent), Taiwan (15 per cent), EU 27 (eight per cent), and MENA (119 per cent), but declined to the U.S. (-1.0 per cent), Hong Kong and Macau (-42 per cent), mainland China (-99 per cent), SE Asia excl. Taiwan (-6.0 per cent), and the U.K. (-100 per cent).
