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Brazil - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

Brazil - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights

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Aug 26, 2024

Brazil's Pork Export Soars to $2.6 Billion in 2023

Brazil Pork Exports

In 2023, approx. 1.1M tons of pork were exported from Brazil; growing by 7.6% on 2022. Over the period under review, exports saw a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the immediate term.

In value terms, pork exports expanded significantly to $2.6B (IndexBox estimates) in 2023. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 43%. The exports peaked in 2023 and are expected to retain growth in years to come.Brazil Pork Exports By Country (Million USD)

COUNTRYExport Value of Pork in Brazil (million USD)
20132014201520162017201820192020202120222023
China3.41.99.81891013046191,2311,2841,054876
Philippines0.75.01.43.52.418.77.18.566.3174274
Hong Kong204174176222220209224238267186259
Chile12.023.619.751.054.769.498.6101150136196
Singapore82.995.263.871.783.292.383.3126114132161
Japan0.816.56.66.16.55.820.643.361.1102133
VietnamN/A0.10.32.80.412.924.681.097.5100114
Uruguay61.161.152.260.976.870.287.589.392.291.0111
Argentina32.627.832.166.092.486.470.349.897.084.436.1
Russia41280864251368617.594.40.323.828.44.4
Others417232164163141184159152221319466
Total1,2271,4441,1681,3491,4651,0701,4882,1202,4752,4072,631

Exports by Country

China (369K tons) was the main destination for pork exports from Brazil, accounting for a 34% share of total exports. Moreover, pork exports to China exceeded the volume sent to the second major destination, Hong Kong (109K tons), threefold. The third position in this ranking was held by the Philippines (107K tons), with a 9.8% share.

From 2013 to 2023, the average annual growth rate of volume to China stood at +76.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong (+3.1% per year) and the Philippines (+80.6% per year).

In value terms, China ($876M) remains the key foreign market for pork exports from Brazil, comprising 33% of total exports. The second position in the ranking was taken by the Philippines ($274M), with a 10% share of total exports. It was followed by Hong Kong, with a 9.8% share.

From 2013 to 2023, the average annual rate of growth in terms of value to China totaled +74.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+82.5% per year) and Hong Kong (+2.4% per year).

Exports by Type

Frozen pig meat other than cuts or carcases (1M tons) was the largest type of pork exported from Brazil, with a 96% share of total exports. It was followed by frozen hams, shoulders and cuts of pig meat (30K tons), with a 2.8% share of total exports. Fresh or chilled pig meat other than cuts or carcases (6.3K tons) ranked third in terms of total exports with a 0.6% share.

From 2013 to 2023, the average annual rate of growth in terms of the volume of frozen pig meat other than cuts or carcases exports totaled +10.4%. With regard to the other exported products, the following average annual rates of growth were recorded: frozen hams, shoulders and cuts of pig meat (+4.4% per year) and fresh or chilled pig meat other than cuts or carcases (+64.1% per year).

In value terms, frozen pig meat other than cuts or carcases ($2.6B) remains the largest type of pork exported from Brazil, comprising 97% of total exports. The second position in the ranking was taken by frozen hams, shoulders and cuts of pig meat ($46M), with a 1.8% share of total exports. It was followed by fresh or chilled pig meat other than cuts or carcases, with a 0.6% share.

From 2013 to 2023, the average annual rate of growth in terms of the value of frozen pig meat other than cuts or carcases exports totaled +8.5%. With regard to the other exported products, the following average annual rates of growth were recorded: frozen hams, shoulders and cuts of pig meat (+2.5% per year) and fresh or chilled pig meat other than cuts or carcases (+68.8% per year).

Export Prices by Country

In 2023, the pork price amounted to $2,416 per ton (FOB, Brazil), with an increase of 1.6% against the previous year. Overall, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 24%. As a result, the export price reached the peak level of $3,456 per ton. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($3,356 per ton), while the average price for exports to Angola ($1,599 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pork market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1035 - Pig meat

Country coverage:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2024
    23. Production, In Value Terms, 2012–2024
    24. Producing Animals Slaughtered, 2012–2024
    25. Yield, 2012–2024
    26. Imports, In Physical Terms, 2012–2024
    27. Imports, In Value Terms, 2012–2024
    28. Imports, In Physical Terms, By Country, 2024
    29. Imports, In Physical Terms, By Country, 2012–2024
    30. Imports, In Value Terms, By Country, 2012–2024
    31. Import Prices, By Country Of Origin, 2012–2024
    32. Exports, In Physical Terms, 2012–2024
    33. Exports, In Value Terms, 2012–2024
    34. Exports, In Physical Terms, By Country, 2024
    35. Exports, In Physical Terms, By Country, 2012–2024
    36. Exports, In Value Terms, By Country, 2012–2024
    37. Export Prices, By Country Of Destination, 2012–2024

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