News Pigs & Pork
Rise of the pork meat sector in Brazil continues
The Brazilian poultry and pork meat sectors have grown to record levels this year, as indicated by the forecast of the Brazilian Association of Animal Protein (ABPA). The chicken meat production is expected to increase again next year, benefiting mainly the export market. Additionally, the rise of the pork sector continues with a production increase of nearly 10%.
The total chicken meat production is projected to rise by 1.1% in 2024. This year, the estimated total production of chicken meat is 15 million tons according to ABPA. The growth has mainly benefited the export market, with approximately 5.3 million tons destined for other countries and 9.7 million tons for the domestic market. The Brazilian demand has barely increased since 2023.
Opportunities
According to ABPA's forecast, the production is expected to reach 15.3 million tons in 2025, an increase of 2.7%. The organization anticipates a growth in domestic consumption by 2.2% to 9.9 million tons. The export market is also expected to grow by 1.9% to 5.4 million tons.
ABPA President Ricardo Santin expects growth opportunities mainly in African countries and Central America. Santin anticipates tapping into new markets in these regions. Additionally, the country expects an increase in exports to Latin American countries. It is noteworthy that the president does not mention the opportunities that the Mercosur agreement may offer, if it comes into effect. If the agreement is reached, the trade tariffs for the first 180,000 tons of chicken meat will be significantly reduced.
Rise in Pork Meat Export Continues
The pork meat production is expected to reach 5.35 million tons according to ABPA, an increase of 3.8% compared to the same period in 2024. 4 million tons of this is intended for domestic consumption, marking a 1.9% increase from 2023. Meanwhile, exports are expected to reach 1.35 million tons, a 9.8% increase from the previous year. For next year, ABPA expects a 2% increase in production to 5.45 million tons. Domestic consumption is projected to remain stable, while exports are set to increase by 7.4% to 1.45 million tons.
ABPA suggests that most of the growth will likely come from markets that already import substantial volumes from Brazil, such as the Philippines and Chile. Interestingly, Santin expects an increase in exports to China. Throughout 2024, exports to the country declined due to a relatively high domestic supply and decreasing demand. Experts do not anticipate an increase in demand, but due to the attractive price of Brazilian pork meat, it is not inconceivable for the country to gain more market share from Western markets.
