USDA forecasts the world meat market in 2023

Published 2023년 2월 28일

Tridge summary

In 2023, global beef production is predicted to slightly decrease due to a decline in the US and EU, while China, Brazil, and Australia will see an increase. Global beef exports are also anticipated to drop by 1.2% due to reduced demand, especially from China. Pork production is expected to rise by 1% worldwide, primarily in China, but global pork exports are forecasted to decline due to decreased import demand from China. Chicken meat production is projected to increase by 1.8% globally, driven by strong demand for lower-cost animal proteins, and global chicken exports are expected to rise by 3.7%. Brazil is expected to be the top exporter, accounting for over a third of global exports, as its main competitors struggle to increase exportable supply.

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

Original content

Beef In 2023, global beef production is forecast to decline slightly to 59.2 million tonnes. Although output is expected to increase in China, Brazil and Australia, it will decline in the US and EU. Global beef exports are also forecast to decline by 1.2% in 2023 to 12.1 million tonnes due to reduced demand, particularly to China. Brazil is expected to hit record high exports as supplies from key competitors such as Argentina, Paraguay, Uruguay and India tighten. The reduction in production is also expected to limit the amount of meat exported from the US and Canada to Southeast Asia, but will increase beef exports from the Australian market. Pork Global pork production in 2023 is forecast to increase by 1% to 111 million tons, mainly in China (+2%). The US, Brazil and Mexico are also forecast to increase output by 0.7%, 1.6% and 4.6%, respectively. Rising energy and feed prices, environmental constraints and falling demand mean pork production in the EU and UK is expected to ...

Source: Vinanet