Forecast of Canada's pork production and import-export in 2022

Published 2021년 9월 17일

Tridge summary

A forecast for 2022 shows a rise in the number of pigs slaughtered in Canada by 50,000 heads, despite a projected decline in pork production by 2% due to COVID-19 and labor disputes. These disputes are expected to decrease exports by 8%, recovering from a 13% increase in 2021, and reduce domestic consumption slightly. Pork imports are predicted to grow by 4% in 2022, and exports to remain stable despite global demand drops and ASF in specific areas. Approximately 60% of Canada's pork production, currently in suspension, was previously eligible for export to China, with the situation waiting for resolution to resume.

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

Original content

It is forecasted that by 2022, the number of pigs slaughtered in Canada will increase by 50,000 heads, exports will decrease by 8% (after increasing by 13% in 2021) due to Canada's recent labor dispute in Eastern Canada. interrupted production for more than 4 months, resulting in a large number of workers who moved to the US to work. Number of pigs slaughtered in Canada from 2017 to 2021 Despite the increase in slaughter volume, Canada's 2022 pork production is still forecast to decline by 2% due to the COVID-19 impact and as a result of labor disputes that will reduce capacity. Domestic consumption in 2022 is forecasted to increase only slightly by 1% compared to 2021. Canada's pork imports in 2022 are forecast to increase by 4% after falling 5% in 2021, due to reduced output and increased domestic demand in Canada, of which imports are mainly from the US market. Canada's pork exports in 2022 will remain stable after growing 1% in 2021 as global demand declines and ...

Source: Vinanet