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Australia’s pork production in 2022 is expected to remain stable at 440,000 MT (CWE), the same as the record production now estimated for 2021. Pork prices are expected to remain firm, and another big winter grain crop should prevent any significant rise in domestic feed prices.
Consumption of pork in 2021 has been revised down slightly to 590,000 MT (CWE), but still up slightly from 2020. Consumption is strong and has been showing a clear increasing trend over the last 20 years, with growth of almost 70 percent. Pork consumption is forecast to remain stable in 2022 at near peak levels, primarily due to the forecast of stable production and trade.
Australia’s pork imports are expected to remain stable at 190,000 MT (CWE) in 2022, from a downward revised 2021 estimate. If realized, the results for 2021 and 2022 would be the lowest since 2013. This decline in imports has been spurred on by the increasing domestic production and rising import prices for pork.
Pork exports in 2022 are expected to remain stable at 40,000 MT (CWE) from an upward revised 2021 estimate. Exports reached a similar peak in 2018 but, other than that year, exports have not reached 40,000 MT (CWE) since 2008. Australian pork exports are relatively low at around eight percent of production, and over 90 percent is sent to seven countries in Asia. Singapore is the most important destination with over 30 percent of overall exports. Papua New Guinea, Vietnam, New Zealand and Hong Kong are all of similar importance, ranging from 12 to 15 percent.
August 30, 2021/ USDA/ United States.
https://apps.fas.usda.gov/
