Latin America: Swine production and trade in 2022

Although Chile saw decreases in all indicators, at the regional level there was an increase in production and in import volumes, which contrasted with the generalized decrease in exports. In this regard, the significant increase in apparent consumption was due to strong demand for pork throughout the year, which contributed to the growth of local production (despite the sustained increase in imports), thus achieving a higher share of imports in consumption, from 80.2 % in 2021 to 80.4% in 2022. The context in the Latin American swine industry in 2022 was comprised of high raw material prices and production costs in general. In addition, the international economic situation, which brought record levels of inflation, among other macroeconomic imbalances, contributed to price volatility and affected profitability indices for pig farmers. However, the results obtained were very positive and industry projections for 2023 are favourable, given the greater positioning of pork in ...