Latin America: According to the USDA, the region will increase pork production in 2023

Published Jan 25, 2023

Tridge summary

The article projects a 2.5% increase in pork production in Latin America in 2023 compared to the previous year, totaling 8.05 million tons. Mexico is expected to see a 4.6% rise in production, making it the region's second-largest producer. Exports are predicted to grow by 3.3% from Mexico, while imports may decrease by 2.7%. Argentina's production is set to increase by 1.4%, with stable export and import volumes. Chile's pork production is anticipated to grow by 0.8%, alongside significant increases in exports and imports. In contrast, the Dominican Republic is expected to experience a 9.1% drop in production due to ASF outbreaks. Overall, there are varied forecasts in pork production, exports, imports, and apparent consumption across different Latin American countries.

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

Original content

Production would be 8.05 million tons (Mt), which represents an increase of 2.5% compared to 2022 (7.86 Mt). On the other hand, estimates for international trade indicate growth of 4.7% in exports and 0.1% in imports. In this sense, apparent consumption would grow by 1.4%, changing from 7.92 to 8.03 Mt, respectively. The opening projections for each country are presented below: Pork production in the leading pig industry in LATAM (Latin America) would increase by 2.0% compared to 2022, from 4.35 to 4.43 Mt. Likewise, it is projected that the export volume will reach 1.37 Mt, a value that represents an increase of 3.9% in relation to the previous year (1.32 Mt). Imports would reach 2,000 tons (t) and apparent consumption would grow by 1.1%, reaching 3.07 Mt. For Mexico, a production of 1.6 Mt would be achieved, a value that would be 4.6% above the 2022 total (1.53 Mt). With this volume of production, the Central American country would continue to rank second in LATAM pork ...

Source: 3tres3