Australia's pork production forecast in 2021 and 2022 reaches a record

Published 2021년 9월 16일

Tridge summary

Australia's pork production is expected to reach a record high of 440,000 tons in 2022, with stable prices in winter and decreasing feed prices. Domestic pork consumption is projected to remain high, while imports will reach their lowest levels since 2013 at 190,000 tonnes due to increased domestic production and higher import prices. On the other hand, pork exports are expected to rise to 40,000 tonnes in 2022, with over 90% of the exports being sent to 7 Asian countries, led by Singapore.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia's pork production is forecast to reach 440,000 tons in 2022, equal to the estimated record production in 2021. It is forecasted that pork prices in winter will remain stable and domestic feed prices will decrease. Pork consumption has tended to increase sharply over the past 20 years, with an increase of nearly 70%. 2021 will decrease to 590,000 tons, but still increase slightly compared to 2020. Pork consumption is forecasted to remain stable at a high level in 2022, mainly due to stable production and import and export. Australia's pork imports are forecast to reach 190,000 tonnes in 2022, down from the 2021 import estimate. Thus, pork imports in 2021 and 2022 will be at their lowest levels since 2013 due to increasing domestic production and due to rising import prices of pork. Australia's pork exports are forecast to reach 40,000 tonnes in 2022, up from the 2021 pork export estimate. This is the same level achieved in 2018 (before that, pork exports had never been ...

Source: Vinanet