January 16, 2023

Brazilian swine industry's production in first three quarters of 2022 at record high

Brazil's pork availability on the domestic market has grown considerably, putting pressure on negotiated pig and pork prices, according to CEPEA.

The national swine industry saw weakened foreign demand in 2022, but production in the first three quarters of the year was at a record high.

Concerning markets outside Brazil, although the volume exported in August last year reached a monthly record of 114.6 thousand tonnes of meat, shipments abroad from January to half of December 2022 totalled 1.08 million tonnes, 3.6% below the figure shipped in the same period in 2021, according to Secex data, compiled by CEPEA.

On the domestic front, the national demand for pork throughout 2022 was below what was expected by the industry, mainly due to the weakened purchasing power of the Brazilian population.

On the production side, data from the Brazilian Institute of Geography and Statistics (IBGE) indicated that between January and September 2022, 42.2 million head of pigs were slaughtered in Brazil, 6.6% more than in the same period in 2021 and a record for the period.

- CEPEA (Brazil)