September 5, 2022

AHDB: Brazil delivers 649,000 tonnes of pig meat for exports in first seven months of 2022

Brazilian exporters sent 649,000 tonnes of pig meat to export markets in the first seven months of 2022, the United Kingdom's Agriculture and Horticulture Development Board (AHDB).

The amount is a decline of 5% compared with a year earlier.

Brazil has not been immune to developments in China, with exports to that market falling by 127,000 tonnes (38%) in the seven-month period. Despite this, China remained its main destination, taking nearly a third of Brazil's pig meat exports so far this year, down from half last year.

As with so many other exporters who sent significant quantities of animal protein to China over the past couple of years, diversification has been the order of the day, AHDB stated. Brazil's pig meat exports to other Asian countries and those closer to home have grown markedly. Volumes to the Philippines reached 46,000 tonnes in the first seven months of the year, over four times what they were a year ago.

Exports to Thailand also saw considerable growth, up by almost 15,000 tonnes.

Notable volume increase to other markets include Singapore (36%), Venezuela (44%), and Argentina (66%).

Pig meat production in the first half of the year was over 2.5 million tonnes, 6% higher than a year ago. With export volumes lower over this period, this suggests more Brazilian pig meat is being consumed domestically, AHDB said.

The Brazilian real had been particularly weak for much of 2020 and 2021, as the country struggled with the pandemic, but in 2022 it gained strength. This would reduce the competitiveness of Brazilian pig meat exports on global markets, and along with the recovery of the domestic economy, might explain lower shipped volumes, AHDB said.

- AHDB