USDA Long-Term Agricultural Projections: Meat Demand and Trade

Published 2022년 6월 30일

Tridge summary

The article provides an overview of the global trend in meat consumption and its impact on agricultural trade. It highlights the significant growth in global meat consumption, particularly poultry, due to increased livestock production. The consumption growth rates are varied across different income groups and regions, with Sub-Saharan Africa, North Africa, and the Middle East showing the highest rates. These regions are expected to contribute significantly to the global meat demand increase by 2025/26.

The article also discusses the implications of this trend on feed demand and trade, with a focus on corn. It points out that Sub-Saharan Africa, North Africa, and the Middle East are experiencing the fastest growth in corn imports, primarily to support their expanding meat sectors. Southeast Asia is facing a similar challenge, with its corn imports rising due to the demand from the poultry and pork sectors. The article also mentions that China, India, Brazil, and the United States are the leading contributors to the global increase in meat consumption, with China showing the highest growth.

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

Original content

A large portion of international trade in basic agricultural commodities is driven by increasing meat consumption and feed demand resulting from the production of livestock. Global meat consumption continues to rise throughout the projection period. Consumption of poultry meat, the lowest priced of the three major types of meat, increases at the fastest rate: 1.8 percent annually. Global beef and pork consumption both grow at an annual rate near 0.9 percent. These growth rates are lower than those experienced during the previous decade, due to slightly slower income growth in the early years of the projection. Global per capita meat consumption remains low compared with levels in higher-income countries—an indication of the potential for continued growth in world meat consumption. In the first projection year (2016/17), global per capita meat consumption is 9.6 kilograms of beef, 16.4 kilograms of pork, and 15.3 kilograms of poultry. Average per capita consumption for ...

Source: Beef2live