China loses position as main destination for Brazilian pork exports

Published 2024년 11월 13일

Tridge summary

The Philippines has become the leading buyer of Brazil's pork exports for the first time this year, marking a 103.3% increase to a total of 206 thousand tons. This shift comes as Brazil's pork exports have seen a 10.7% increase in volume from January to October, reaching 1.121 billion tons, and are projected to grow by 5.2% in revenue to $2.482 billion in 2024. Other significant buyers include China, Chile, Hong Kong, and Japan. October saw the second-best monthly balance in the history of Brazilian pork exports, with a total of 130.9 thousand tons and record revenue of $313.3 million.

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Original content

The Philippines has taken the lead in Brazil's pork exports for the first time this year, with a total of 206 thousand tons purchased by the Asian country (+103.3%), reported the Brazilian Animal Protein Association (ABPA). “After years as the main destination for Brazilian pork exports, China has given way to the Philippines, at a time when we see the sector significantly expanding the capillarity of its exports,” said ABPA president Ricardo Santin in a statement. Abrafrigo reported that from January to October, Brazilian pork exports (fresh and processed) accumulated an increase of 10.7% in volume, reaching 1.121 billion tons, according to ABPA. Export revenues in 2024 are also positive, with an increase of 5.2%, up to 2.482 billion dollars. China has fallen to second place among the largest buyers this year, with 199.9 thousand tons (-40.6%), followed by Chile (92.5 thousand tons, +33.9%), Hong Kong (89.4 thousand tons, -11.8%) and Japan (75.8 thousand tons, +137.2%). ...

Source: Elagro