Worldwide pig farming, first USDA estimates for 2024

Published 2023년 10월 19일

Tridge summary

The global production of pork in 2024 is expected to remain steady at 115.5 million tonnes, with lower production in the European Union and China offset by higher production in Brazil, Vietnam, and the United States. The EU is projected to see a decline of 2% in production due to weak domestic demand and the lack of new export markets. China's production is forecast to decrease by 1% due to weak demand, while Brazil's production could increase by 5% driven by export market growth.

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

Original content

World production in 2024 is forecast to remain largely unchanged at 115.5 million tonnes (Mt), as lower production in the European Union and China would be offset by higher production in Brazil, Vietnam and the United States. In the EU, production is expected to decline by 2% year on year to 21.2 million tonnes. The breeding herd continued to decline in 2023 and is expected to be 10.3 million heads (Mc) in 2024. Feed prices have moderated and sector profitability has improved in 2023. However, it is expected that weak domestic demand and the lack of new export markets to replace China will lead to a restructuring of the sector in 2024, as producers will try to adapt production to lower total demand. By 2024, EU pork exports are expected to decrease by 25% compared to 2019 and represent 15% of total production, compared to 19% five years ago. In addition to increased regulatory burdens, EU pig producers continue to face major challenges in controlling the impact of ASF, which has ...

Source: 3tres3