Brazil: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Brazil

In 2022, the Brazilian market for frozen pig meat other than cuts or carcases was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a deep slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Brazil

In value terms, production of frozen pig meat other than cuts or carcases rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 20%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Brazil

In 2022, overseas shipments of frozen pig meat other than cuts or carcases increased by 0.2% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 38% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of frozen pig meat other than cuts or carcases fell slightly to $X in 2022. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of 43%. The exports peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

China (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Brazil, with a 43% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fivefold. The Philippines (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +62.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+0.4% per year) and the Philippines (+64.6% per year).

In value terms, China ($X) remains the key foreign market for frozen pig meat other than cuts or carcases exports from Brazil, comprising 44% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 7.8% share of total exports. It was followed by the Philippines, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +61.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-1.6% per year) and the Philippines (+66.6% per year).

Export Prices by Country

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, with a decrease of -2.8% against the previous year. Overall, the export price saw a mild shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Angola ($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 Japan (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Brazil

In 2022, after two years of growth, there was significant decline in purchases abroad of frozen pig meat other than cuts or carcases, when their volume decreased by -37.1% to X tons. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 643% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then shrank notably in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases fell dramatically to $X in 2022. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 when imports increased by 351%. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, Singapore (X tons) was the main supplier of frozen pig meat other than cuts or carcases to Brazil, accounting for a 97% share of total imports. It was followed by Chile (X tons), with a 2.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at +48.2%.

In value terms, Singapore ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Brazil, comprising 95% of total imports. The second position in the ranking was held by Chile ($X), with a 3.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +44.3%.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, rising by 6.2% against the previous year. Over the period under review, the import price, however, recorded a noticeable contraction. The growth pace was the most rapid in 2013 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Singapore amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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