USDA: Brazilian pork exports to grow 3% in 2023

Brazil is expected to keep its position as the world’s 4th largest pork exporter in 2023, according to a report released by the US Department of Agriculture (USDA), accounting for approximately 10% of the global market.

Pork exports from Brazil are expected to rise 3% in 2023 year-on-year, with robust volumes shipped to South America and Southeast Asia, including the Philippines, where African Swine Fever (ASF) restricts production. China will remain Brazil’s largest pork buyer, but total imports from China are on track to decline due to increased local production.

Global production is expected to increase by 1% in 2023, reaching 111.0 million tonnes, as Chinese production increases. China’s pork production is expected to increase by 2% as the industry recovers from the effects of ASF, which hit China hard in 2018. According to the USDA report, the high costs of swine production in China, particularly animal feed, are expected to reduce the incentives for over-fattening swine production.

The United States, Brazil, and Mexico are also expected to expand production, more than offsetting declines in other major producers, including the European Union and the United Kingdom. Issues such as rising feed prices for pigs, energy costs, and environmental restrictions are expected to decrease EU production. UK pig farmers face high feed costs and the challenge of weakening domestic demand for locally produced animals.

Brazil and Mexico continue to expand the pork sector to meet growing domestic demand, partly driven by consumers seeking alternatives to beef with higher prices and stronger export demand in several countries. In addition, production in Vietnam continues to recover as PSA management shielded the sector from large-scale outbreaks.

Global exports, according to the USDA, are expected to drop 2% to 10.5 million tonnes in 2023 as China’s imports weaken for the second year in a row. Despite lingering problems with ASF, pork imports from the Philippines are also expected to decline due to the end of import-friendly policies in 2022 (a temporary increase in hog quota volumes ended in May 2022, and reduced tariffs were extended until the end of 2022).

Source: Notícias Agrícolas

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