International pig meat manufacturing reached 124.5 million tonnes in 2023, up 1.4% from 2022. This used to be basically pushed by way of Asia’s persevered growth of manufacturing, which used to be handiest in part offset by way of Europe’s 2nd consecutive yr of output contraction. Pig meat manufacturing has additionally higher within the Americas and Oceania. In the meantime, manufacturing remained in large part solid in Africa.
Pig meat manufacturing in China expanded for the 3rd consecutive yr by way of 4.5% in 2023, or over 2.5 million tonnes, to 58.8 million tonnes, accounting for 47% of the sector’s overall pig meat output. Manufacturing additionally higher in Vietnam, america, and Brazil. In Vietnam, higher potency, because of trade investments and consolidation ended in swine inhabitants expansion, riding output growth. Within the United States, output rebounded, following declines for 2 consecutive years, basically on emerging slaughter. In the meantime, in Brazil, decreased enter prices and better availability of feed, particularly maize, lifted pig meat output by way of 2%; on the other hand, this displays a vital slowdown in manufacturing growth in comparison to expansion efficiency throughout the closing a number of years.
Those will increase had been counterbalanced by way of a 6.6% drop in pig meat output, identical to at least one.5 million tonnes of drop, to twenty.8 million tonnes within the Ecu Union. That is the second one consecutive yr of manufacturing decline, as the sphere persevered to be afflicted by popular ASF outbreaks that reduced international call for, particularly from Asia. Falling inside call for and decrease benefit margins additionally brought on farmers to scale down operations, leading to a drop within the area’s pig herd. In a similar fashion, output within the United Kingdom declined by way of just about 11% year-on-year, whilst in Canada, prime enter prices and hard work shortages, coupled with decrease call for, ended in the closure of a few vegetation, reducing pig meat manufacturing.
International pig meat business fell for the 3rd consecutive yr in 2023 by way of 7.9% to 9.8 million tonnes, reflecting declines in imports by way of all areas excluding for Central The united states and the Caribbean.
Essentially the most important import contractions had been reported in China, the Philippines, america, and Japan, widely underpinned by way of upper provides from nationwide resources, together with inventories. Against this, pig meat imports rose in Mexico, Canada, and Chile, amongst others, on expanding inside call for, with the ones of Malaysia and the Dominican Republic surging because of ASF-related provide demanding situations.
The drop in world call for and decrease nationwide manufacturing ended in a one-fourth drop in pig meat exports from the Ecu Union. Pig meat exports additionally fell from Canada and the UK because of decrease export availabilities.
Regardless of a drop in world call for for pig meat, a number of nations, particularly america, Brazil, and the Russian Federation, reported upper shipments. Exports by way of the United States rebounded after two consecutive years of declines, basically facilitated by way of buying and selling agreements with its neighboring nations, Mexico, Canada, and the Dominican Republic. As for Brazil, regardless of a drop in volumes destined for China, pig meat exports higher because of emerging shipments to the Philippines, Chile, Singapore, Uruguay, Vietnam, and Japan. Not too long ago won marketplace get admission to to Canada and Mexico additionally helped Brazil to maintain export growth, regardless of Mexico postponing imports from Brazil in November 2023 amidst farmers’ protests. The Russian Federation additionally exported extra, benefitting from increasing exportable provides and aggressive costs, coupled with a regionalization settlement signed with Vietnam that allowed exports to proceed from portions of the Russian Federation loose from the ASF virus.
April 24, 2024/ FAO. 2024. Meat Marketplace Overview: Assessment of world marketplace tendencies in 2023. Rome
https://openknowledge.fao.org