Global Pork Market 2024

Pork Market Size

After two years of growth, the global pork market decreased by X% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2021, and then reduced in the following year.

Pork Production

In value terms, pork production amounted to $X in 2022 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Global production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

China (X tons) remains the largest pork producing country worldwide, accounting for X% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the United States (X tons), fourfold. Spain (X tons) ranked third in terms of total production with a X% share.

In China, pork production decreased by an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (X% per year) and Spain (X% per year).

The global average pork yield was estimated at X kg per head in 2022, leveling off at the year before. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X%. As a result, the yield attained the peak level of X kg per head. From 2021 to 2022, the growth of the average pork yield failed to regain momentum.

In 2022, the number of animals slaughtered for pork production worldwide fell to X heads, waning by X% compared with the previous year's figure. Overall, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, this number reached the maximum level at X heads in 2018; however, from 2019 to 2022, producing animals failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Pork Exports

Exports

After three years of growth, overseas shipments of pork decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. The global exports peaked at X tons in 2021, and then fell in the following year.

In value terms, pork exports declined to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the global exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Spain (X tons), the United States (X tons), Germany (X tons), Denmark (X tons), Canada (X tons), Brazil (X tons), the Netherlands (X tons), Belgium (X tons), France (X tons) and Poland (X tons), together accounting for X% of total export. Mexico (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest pork supplying countries worldwide were Spain ($X), the United States ($X) and Germany ($X), together accounting for X% of global exports. Canada, Denmark, the Netherlands, Brazil, Belgium, France, Poland and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pork export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced mixed trends in the export price figures.

Pork Imports

Imports

In 2022, after three years of growth, there was significant decline in overseas purchases of pork, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, global imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, pork imports fell to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, global imports reached the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

The countries with the highest levels of pork imports in 2022 were China (X tons), Mexico (X tons), Japan (X tons), Italy (X tons), Poland (X tons), Germany (X tons), South Korea (X tons), the United States (X tons), the Philippines (X tons), Romania (X tons), the UK (X tons) and the Czech Republic (X tons), together recording X% of total import. The Netherlands (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest pork importing markets worldwide were Japan ($X), China ($X) and Mexico ($X), with a combined X% share of global imports. Italy, South Korea, the United States, Poland, Germany, the UK, Romania, the Czech Republic, the Netherlands and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :