Brazilian pork exports reach 91,400 tonnes in March

A study conducted by the Brazilian Animal Protein Association (ABPA) shows that pork exports (all products, raw and processed included) reached 91.4 thousand tonnes in March. This figure is 16.3% lower than the one recorded in February 2021 (the month with the second-best performance in history), with 109.2 thousand tonnes.

In terms of revenue, porks sales generated US$ 190.3 million in the third month of 2022, a number 27.3% lower than the US$ 261.7 million reached in March 2021.

In the quarter, pork shipments reached 237,500 tonnes, 6.3% lower than the 253,500 tonnes exported in the same period last year. As for the revenue pocketed in the quarter, the result was US$ 498.5 million, a performance 16.1% lower than that one recorded in the first three months of 2021, with US$ 594 million.

See below the track record of Brazilian pork exports in 2021. The data are from DataLiner.

Brazilian pork exports | 2021 | TEU

Source: DataLiner (click here to request a demo)

“Pork sales in March led to a recovery, bringing us closer to the levels close to the average of the first half of 2021. In comparison to March last year, which recorded the second-best performance in the sector’s history, it may seem negative. However, when comparing to previous months, the data points to an improvement in the levels of exports, which eased the damage of historically high costs,” assessed Ricardo Santing, the president of ABPA.

China was once again the country that imported the most pork from Brazil in March, 34.1 thousand tonnes (-41.8%). Other highlights in terms of Brazilian pork exports, in March, were Hong Kong, with 9.7 thousand tonnes (-44.2%), the Philippines, with 6.8 thousand tonnes (+255.2%), Singapore, with 5.2 thousand tonnes (+36.4%) and Argentina, with 5 thousand tonnes (+71.5%).

“We expect China to keep buying Brazilian pork in the coming months. The expected improvement in the COVID situation there and the corresponding relaxation of the imposed restrictions will surely increase the demand for pork, used mostly as raw material for restaurants and local processors. Furthermore, the difficult labour situation in countries competing with Brazil should also allow the sector to increase its sales volume in the short and medium terms,” analyzes ABPA’s director of markets, Luís Rua.

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