Pork shipments to China leveraged exports from Brazil

Published 2023년 3월 30일

Tridge summary

Brazil's pork exports to China have seen significant growth, rising from 18% of total exports in the beginning of the year to a high of 55% in 2020. However, this trend declined in the second half of 2021 and remained around 41% throughout 2022 with fluctuations between 31% and 53%. The first two months of 2023 averaged 44%, making China a crucial market for Brazil, the fourth largest pork exporter in the world.

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

Original content

At the opening of that year, shipments to China represented only 18% of the total volume exported by Brazil, a rate that gradually evolved until reaching 42% at the end of the year. In 2020, the year in which the world was negatively impacted by the Covid-19 pandemic, Brazil started the year by shipping 45% of its volume to China, an amount that increased over the course of the year to reach 55%. This high participation rate continued during the first half of 2021, but began to lose strength and reached only 41% during the second half. This average index of 41% prevailed throughout 2022, where volumes reached a minimum share of 31% and a maximum share of 53%. The first two months of 2023, in turn, ...

Source: Portal Do Agronegocio