Japan: Pork production and trade forecast for 2023

Published 2023년 3월 23일

Tridge summary

In 2022, Japan's pig slaughter saw a 2% decrease, totaling 1,293,280 tons of carcass weight, due to increased production costs leading to earlier finishing of pigs. The average carcass weight also decreased by 2% to 78.3 kg. However, pork consumption is expected to rise in 2023 due to its lower cost compared to beef. Although imports of Japanese pork increased by 7% in 2022, primarily from Spain, the high ending stocks from the previous year are expected to result in lower imports in 2023. Chilled pork imports remained stable in 2022 and are projected to do so in 2023, responding to the recovery of tourism and other demand factors.

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

Original content

In Japan, during 2022, pig slaughter amounted to 1,293,280 tons of carcass weight, 2% less than in 2021. Increased production costs led pig producers to finish fattening earlier to reduce costs of feed, resulting in a reduction in average carcass weight of just under 2%, to 78.3 kg. In 2023, production is forecast to increase by 0.5% to 1,300,000 tonnes carcass weight. Pork consumption is expected to continue to grow in 2023 as consumers prefer pork, which is cheaper than beef. Demand for frozen pork, which is mainly destined for food processing companies, will generate stable sales of processed pork products in 2023, but high opening stocks will result in lower imports. Imports of Japanese pork in 2022 amounted to 1,523,167 t, 7% more than in 2021. The growth of frozen imports was led by pork of Spanish origin, which was marketed at competitive prices. The increase in imports has meant that ending stocks in 2022 are 22% higher than in 2021. This ...

Source: 3tres3