September 21, 2021
Australia's pork production to reach 440,000 tonnes next year
Australia's pork production in 2022 is expected to remain stable at 440,000 tonnes (CWE), the same as the record production now estimated for 2021, according to the United States Department of Agriculture.
Pork prices are expected to remain firm, and another big winter grain crop should prevent any significant rise in domestic feed prices.
Consumption of pork in 2021 has been revised down slightly to 590,000 tonnes (CWE), but still up slightly from 2020. Consumption is strong and has been showing a clear increasing trend over the last 20 years, with growth of almost 70%. Pork consumption is forecast to remain stable in 2022 at near peak levels, primarily due to the forecast of stable production and trade.
Australia's pork imports are expected to remain stable at 190,000 tonnes (CWE) in 2022, from a downward revised 2021 estimate. If realised, the results for 2021 and 2022 would be the lowest since 2013. This decline in imports has been spurred on by the increasing domestic production and rising import prices for pork.
Pork exports in 2022 are expected to remain stable at 40,000 tonnes (CWE) from an upward revised 2021 estimate. Exports reached a similar peak in 2018 but, other than that year, exports have not reached 40,000 tonnes (CWE) since 2008.
Australian pork exports are relatively low at around 8% of production, and over 90% is sent to seven countries in Asia.
Singapore is the most important destination with over 30% of overall exports. Papua New Guinea, Vietnam, New Zealand and Hong Kong are all of similar importance, ranging from 12% to 15%.