2022 is a record year for U.S. beef exports; pork exports finish strong

Published 2023년 2월 9일

Tridge summary

U.S. beef and pork exports reached record highs in volume and value in 2022, with beef exports increasing by 2% to 1.47 million metric tons, and export value rising by 10% to $11.68 billion. Pork exports, while not setting a volume record, had an export value of $7.68 billion, the third highest on record. Lamb exports also saw a significant increase, approaching pre-COVID levels of 2019. Notably, beef exports to South Korea and China/Hong Kong reached all-time record highs, and pork exports to Mexico saw a 10% increase. Despite some challenges in Asia, the industry remains optimistic for growth in 2023.

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

Original content

U.S. beef exports set annual records for both volume and value in 2022, according to year-end data released by USDA and compiled by the U.S. Meat Export Federation. Pork exports finished lower year-over-year but export value was the third largest on record, trailing only the highs reached in 2020 and 2021. Pork exports continued to gain momentum in December, led by another outstanding performance in Mexico. While lamb exports slowed in December, 2022 shipments were sharply higher than the previous two years, approaching the pre-COVID levels of 2019. Despite slowing toward the end of the year, beef exports reached 1.47 million metric tons, up 2% from the previous high in 2021. Export value climbed to a record $11.68 billion, up 10% from 2021 and nearly 40% above the previous five-year average. The United States exported a record share of its record-large beef production in 2022, and at higher prices. Export value to South Korea was $2.7 billion, up 13% and an all-time record for ...

Source: Beefmagazine