16 January 2024

2 minute learn

The outlook for Brazil’s swine sector is beneficial for 2024, primarily based on the doable will increase of the home consumption and exports and the potential of decrease manufacturing prices in comparison with earlier years, based on a current market report from Cepea.

As for the home consumption, the demand for pork meat is more likely to stay agency this yr. Cepea calculations point out that the pork meat consumption is predicted to extend 2.8% in relation to 2023.

Concerning pork meat shipments, the sector expects the efficiency obtained in 2023 to proceed this yr. From January to November final yr, Brazilian exports totalled 1.1 million tons; due to this fact, they might surpass the 2021 document (1.12 million tons).

The settlement between ABPA (Brazilian Affiliation of Animal Protein) and ApexBrasil (Brazilian Commerce and Funding Promotion Company) was renewed till 2025, aiming to advertise meat exports, pork included.

Regardless of the 11% lower of exports to China from 2022 to 2023 (between January and November), shipments to that nation are more likely to proceed agency in 2024, as a result of growing variety of African Swine Fever (ASF) circumstances in Europe, which tends to allocate the Chinese language demand to Brazil. In accordance with knowledge from the USDA, pork meat manufacturing within the European Union might lower 1.6% in 2024.9

With the intention to meet each home and worldwide calls for for in natura and processed merchandise, Cepea estimates that the variety of animals slaughtered may enhance 3.3% from 2023 to 2024, at 59.1 million animals.