Brazil: Preserved Pork Market 2021

Preserved Pork Market Size in Brazil

The Brazilian preserved pork market contracted to $X in 2020, shrinking by -X% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Preserved Pork Production in Brazil

In value terms, preserved pork production shrank to $X in 2020 estimated in export prices. In general, the total production indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Preserved Pork Exports

Exports from Brazil

In 2020, overseas shipments of pig meat salted (salted, in brine, dried or smoked) were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, preserved pork exports reached $X in 2020. In general, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Uruguay (X tons) was the main destination for preserved pork exports from Brazil, accounting for a X% share of total exports. Moreover, preserved pork exports to Uruguay exceeded the volume sent to the second major destination, Argentina (X tons), threefold. The third position in this ranking was occupied by Panama (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Uruguay amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-X% per year) and Panama (X% per year).

In value terms, Uruguay ($X) remains the key foreign market for preserved pork exports from Brazil, comprising X% of total exports. The second position in the ranking was occupied by Paraguay ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Uruguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+X% per year) and Argentina (-X% per year).

Export Prices by Country

In 2020, the average preserved pork export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Pork Imports

Imports into Brazil

In 2020, purchases abroad of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Overall, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2019, and then fell remarkably in the following year.

In value terms, preserved pork imports contracted to $X in 2020. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then contracted in the following year.

Imports by Country

Italy (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of preserved pork imports to Brazil, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Portugal, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Portugal ($X) appeared to be the largest preserved pork suppliers to Brazil, with a combined X% share of total imports.

Portugal recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average preserved pork import price amounted to $X per ton, jumping by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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