Brazil: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Brazil

The Brazilian frozen pork cut market expanded notably to $X in 2022, surging by 6.6% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Frozen pork cut consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Frozen Pork Cut Production in Brazil

In value terms, frozen pork cut production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 35% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Frozen Pork Cut Exports

Exports from Brazil

In 2022, shipments abroad of frozen hams, shoulders and cuts of pig meat decreased by -16.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, frozen pork cut exports contracted remarkably to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

China (X tons) was the main destination for frozen pork cut exports from Brazil, accounting for a 50% share of total exports. Moreover, frozen pork cut exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fourfold. The third position in this ranking was held by Angola (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +74.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-10.8% per year) and Angola (+4.2% per year).

In value terms, China ($X) remains the key foreign market for frozen hams, shoulders and cuts of pig meat exports from Brazil, comprising 57% of total exports. The second position in the ranking was held by Chile ($X), with a 12% share of total exports. It was followed by Angola, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +66.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+23.2% per year) and Angola (+2.2% per year).

Export Prices by Country

The average frozen pork cut export price stood at $X per ton in 2022, which is down by -7% against the previous year. Overall, the export price showed a pronounced decrease. The growth pace was the most rapid in 2017 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+5.9%), while the prices for the other major destinations experienced a decline.

Frozen Pork Cut Imports

Imports into Brazil

In 2018, the amount of frozen hams, shoulders and cuts of pig meat imported into Brazil skyrocketed to X kg, growing by 74% on 2017 figures. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen pork cut imports reached $X in 2018. The total import value increased at an average annual rate of +12.3% from 2017 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2018, Portugal (X kg) was the main supplier of frozen pork cut to Brazil, accounting for a 91% share of total imports. Moreover, frozen pork cut imports from Portugal exceeded the figures recorded by the second-largest supplier, Hungary (X kg), tenfold.

From 2017 to 2018, the average annual growth rate of volume from Portugal was relatively modest.

In value terms, Portugal ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to Brazil, comprising 93% of total imports. The second position in the ranking was held by Hungary ($X), with a 7.2% share of total imports.

From 2017 to 2018, the average annual growth rate of value from Portugal was relatively modest.

Import Prices by Country

The average frozen pork cut import price stood at $X per ton in 2018, reducing by -35.4% against the previous year. In general, the import price continues to indicate a sharp downturn. The import price peaked at $X per ton in 2017, and then contracted remarkably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2018, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Hungary stood at $X per ton.

From 2017 to 2018, the most notable rate of growth in terms of prices was attained by Hungary (-48.5%).

Source: IndexBox Platform

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