February 6, 2023

 

Latin America's 2023 pork production to be higher than 2022

 

 

Pork production in Latin America is expected to reach 8.05 million tonnes this year, representing an increase of 2.5% with respect to 2022 (7.86 million tonnes), according to the United States Department of Agriculture (USDA).

 

Estimates for international trade indicated a growth of 4.7% for exports and 0.1% for imports. In this sense, apparent consumption would grow by 1.4%, going from 7.92 million tonnes to 8.03 million tonnes.

 

The breakdown of the projections for the main pork-producing countries is as follows:

 

    - Brazil: Latin America's leading pork producer is expected to see a 2.0% increase in production with respect to 2022, with production going from 4.35 million tonnes to 4.43 million tonnes. It is also projected that the volume of exports would reach 1.37 million tonnes, which represents an increase of 3.9% compared to the previous year (1.32 million tonnes). Imports should reach 2,000 tonne and apparent consumption would grow by 1.1%, reaching 3.07 million tonnes;

 

    - Mexico: Production in Mexico is expected to reach 1.6 million tonnes, which would be 4.6% above the 2022 total (1.53 million tonnes). With this production volume, the Central American country would continue to be the region's second-leading producer. Imports are expected to fall by 2.7%, from 1.28 million tonnes to 1.24 million tonnes, although Mexico will maintain its position as the region's largest importer. Exports should increase by 3.3%, going from 300,000 tonnes to 310,000 tonnes, while apparent consumption would increase by 1% with a total of 2.53 million tonnes;

 

    - Argentina: The country's pork production is expected to increase by 1.4% over the previous year, from 700,000 tonnes to 710,000 tonnes. Both exports and imports are estimated to remain at 5,000 tonnes and 65,000 tonnes, respectively, while apparent consumption is expected to increase by 1.3%, reaching 770,000 tonnes;

 

    - Chile: The country's production is projected to increase by 0.8% compared to 2022, going from 590,000 tonnes to 595,000 tonnes. Concerning international trade, the USDA projects increases of 12.5% for exports (225,000 tonnes) and 33.3% for imports (120,000 tonnes). Apparent consumption is expected to grow by 2.1% to 490,000 tonnes;

 

    - Colombia: Pork production is expected to reach 525,000 tonnes, which represents a 6.1% increase compared to 2022 (495,000 tonnes). On the other hand, a decrease of 6.3% is estimated in the volume of imports, which would go from 160,000 tonnes to 150,000 tonnes. Apparent consumption would increase by 3.1%, reaching 675,000 tonnes;

 

    - Dominican Republic: The country's production is expected to decrease by 9.1%, from 55,000 tonnes to 50,000 tonnes. Imports would increase by 5.6%, reaching 95,000 tonnes, while apparent consumption would remain at 145,000 tonnes. The Dominican Republic is experiencing a reconfiguration of the pork market due to the outbreaks of African swine fever;

 

    - Guatemala: The country's production and exports would remain stable at 64,000 tonnes and 1,000 tonnes, respectively, while imports (36,000 tonnes) would increase by 2.9%. Apparent consumption would grow by 1%, reaching 99,000 tonnes.

 

- Pig333