A record year for US pork exports

Published 2024년 2월 19일

Tridge summary

The United States Meat Export Organization (USMEF) reported that American pork exporters saw a record revenue of $8.16 billion in 2023, marking a 6% increase from the previous year. The sales volume also rose by 8.3% to 2.91 million tons. Mexico was the largest buyer of US pork, with purchases increasing by 13.7% to a record 1.10 million tons. However, exports to China decreased by 7%. Other countries such as Canada, South Korea, Central America, the Caribbean, and ASEAN countries increased their pork imports from the US, with Australia and New Zealand doubling their orders.

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

Original content

Export volumes have almost returned to record levels According to the United States Meat Export Organization (USMEF), American pork exporters earned a record $8.16 billion, or €7.56 billion. This is by EUR 428 million, or 6.0%. more than in 2022. The sales volume also increased by 223.1 thousand. tons, i.e. by 8.3%, to 2.91 million tons. This means that the historical highs of 2020 and 2021 have almost been achieved. In 2023, the export volume was the third highest recorded. Global demand for U.S. pork saw a dramatic increase in 2023, and this occurred at a time when the U.S. industry needed it most, explained USMEF President Dan Halstrom. This was driven by the strong expansion of pork sales to Mexico, as well as higher sales in other regions of the world, especially in the Asia-Pacific region. Record transactions with Mexico In 2023, Mexico remained the most important pork buyer in the US. Deliveries to this country increased by a total of 13.7%. to a record 1.10 million tons ...

Source: Farmer.pl