Brazil: Lower exports and higher pig supply put pressure on prices in 2022

Published 2023년 1월 12일

Tridge summary

In 2022, the Brazilian swine industry experienced a decline in foreign demand despite setting a record for production in the first three quarters. This led to an increase in domestic pork availability, resulting in lower negotiation prices for live animals and protein. Although pork export volume hit a monthly record in August, overall exports from January to December 2022 were down 3.6% compared to the same period in 2021. Domestic pork demand was also lower than expected due to high inflation and weakened purchasing power. Between January and September 2022, 42.2 million pigs were slaughtered in Brazil, marking a 6.6% increase from the same period in 2021.

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

Original content

The national swine industry saw weakened foreign demand in 2022, while production in the first three quarters of the year was at a record high. In this scenario, the availability of pork on the domestic market grew considerably, putting pressure on the negotiation prices of the live animal and of the protein. On the foreign front, although the volume exported in August reached a monthly record of 114.6 thousand tons of meat, shipments abroad from January to the partial December 2022 totaled 1.08 million tons, 3.6% below the figure shipped in the same period in 2021, according to Secex data, compiled by Cepea. On the domestic front, the national demand for pork throughout 2022 was below what was expected by the industry, mainly due to the weakened purchasing power of the Brazilian population, in view of high inflation. On the production side, data from IBGE (Brazilian Institute of Geography and ...

Source: Pig 333