June 13, 2023

Brazilian pork exports surge to record highs in May

According to a market report from the Brazilian Association of Animal Protein (ABPA), Brazilian exports of pork, including both fresh and processed products, reached a 101,700 tonnes in May, The Pig Site reported.

This figure represents an increase of 13.9% compared to the same period last year when 89,300 tonnes were shipped.

The revenue generated from Brazilian pork exports in May amounted to US$251.4 million, surpassing last year's total by 23%, which stood at US$204.3 million.

In the cumulative data for the year from January to May, the sector witnessed a substantial growth in shipments, totalling 481,100 tonnes. This represents an increase of 15.5% compared to the same period in 2022, where 416,600 tonnes were recorded.

In terms of revenue, the cumulative balance for January to May 2023 already stands at US$1.149 billion, marking a surge of 28.2% compared to the same period last year, which amounted to US$896.3 million.

China remains the largest importer of Brazilian pork, having imported 176,200 tonnes between January and May. This figure represents a growth of 20.8% compared to the same period in 2022 when 145,900 tonnes were recorded.

Noteworthy sales were also observed in Hong Kong, with 51,300 tonnes (+21.1%), the Philippines, with 38,000 tonnes (+17.5%), Chile, with 34,200 tonnes (+69.6%), and Singapore, with 29,000 tonnes (+5.7%).

Luis Rua, Director of Markets at ABPA, highlights the significance of exports to the newly opened market of Mexico, which has swiftly positioned itself among the top ten destinations for Brazilian pork. Despite China's increased volume of purchases, it has reduced its percentage share of total Brazilian exports, indicating the success of Brazil's market diversification strategy and the potential for opening new markets in the near future.

-      The Pig Site