Pork exports from Brazil expanded in the first half of 2023, with the country winning share over reduced supply from global competitors and a growth in sales to China.
According to data from the Brazilian Animal Protein Association (ABPA), shipments reached 589,800 tons between January and June. The numbers represent an increase of 15.6% compared to the same period in 2022.
Exports revenue rose 26.7% in the first semester to USD 1.413 billion.
In June, sales reached 108.6 thousand tons, the best monthly result in 2023. Revenue totaled USD 264.3 million in June, an annual increase of 20.7%.
“Brazil has grown its participation in relevant markets, helped by the decrease in export volumes from the European Union, the world’s largest exporter, and Canada, the third largest exporter,” said the Markets director of ABPA, Luis Rua, in a statement.
China continues to be the biggest importer of Brazilian pork, with 214,400 tons purchased in the first half of the year, up 17.1% in the annual comparison.
In its latest report on the animal protein market, released this month, the United States Department of Agriculture (USDA) revised upwards the forecast for Brazilian pork exports this year. Now, it expects shipments of 1.5 million in 2023 – 8% more than the April estimate, with strong sales to Asian markets.