Mexico: General indicators for the pig sector in 2023

Published Feb 1, 2024

Tridge summary

In 2023, there was a 2.2% increase in pork production, reaching 1768525 tonnes, with Jalisco, Sonora, and Puebla being the major contributors. Despite a surge in prices, pork imports also saw a 4.2% rise to 1599126 tonnes due to high demand from the manufacturing sector. However, exports experienced a 10.3% drop to 214437 tonnes, primarily due to decreased sales to China, resulting in a pig farming trade deficit of MUSD 2483.2. The apparent consumption of pork also increased by 4.2% to 3153214 tonnes, with national product and imports contributing almost equally.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork production consolidated 1768525 tonnes (t) in 2023, which represents a growth of 2.2% compared to 2022. Compared to other proteins, the growth rate of pork was lower than that of poultry (2.8%), but higher than that of beef (1.8%). More than 50% of pig production was concentrated in the states of Jalisco (23.3%), Sonora (17.8%) and Puebla (10.6%). Imports consolidated a record of 1599126 t in 2023, which means an increase of 4.2% compared to 2022. Their total value amounted to MUSD 3314.6, with an implicit price of USD 2073/t, an increase of 0.1% compared to the average recorded in the previous year (USD 2071/t). Strong demand from the manufacturing industry continued throughout the year and impacted imports, despite the increase in prices. Exports fell by 10.3% in 2023, from 239002 to 214437 t, and their value (MUSD 831.4) decreased by 13.0%, consolidating an average export price of USD 3877/t. Low sales of pork to the Chinese market largely explain the decline in export ...
Source: 3tres3

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