Strong export sales for Brazilian pigmeat in 2021

Strong export sales for Brazilian pigmeat in 2021

A report by the Agriculture and Horticulture Development Board (AHDB), based on figures from the Global Trade Atlas, has found that Brazilian pig meat exports rose by 13% during 2021.

China/Hong Kong constituted a little over half of its total export market, with trade totalling 687,100 tonnes. This was only slightly higher than that recorded in 2020. Shipments were also constrained by falling Chinese import demand as their domestic production began to recover last year. By the fourth quarter of 2020/21, this trade was nearly 30% below 2020 levels.

However, shipments to the Philippines were four times higher than the previous year, reaching 33,300 tonnes. Trade with Venezuela also trebled compared to 2020, totalling 40,900 tonnes.

AHDB reported that the overall positive performance was influenced by a number of factors. Depreciation of the Brazilian real has helped the competitiveness of Brazilian product on international markets. Increasing production and slow recovery in domestic demand has also led to increased availability of product for export.

The latest US Department of Agriculture (USDA) forecast, published in October 2021, expects a 7% growth in Brazilian pork exports in 2022, supported by a 3% increase in production.

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