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Mexican pork imports surpassed 1.3 million tons

In addition to imports from the United States, 16,100 tons from Chile and 17,900 tons from Brazil have been imported so far this year.

Graph 1. Cumulative international pork trade in the period January - October. Prepared by 333 Latin America with data from the Agricultural Market Advisory Group Service (GCMA).

Graph 1. Cumulative international pork trade in the period January - October. Prepared by 333 Latin America with data from the Agricultural Market Advisory Group Service (GCMA).

19 December 2023
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Exports

  • Mexican export volumes for the January-October period decreased 12.4% compared to the same period of the previous year, from 200,682 to 175,747 tons.
  • The value of these exports (Million USD 696.8) fell by 13.4% and the average export price was USD 3965/ton.
  • Shipments to the Chinese market account for only 1640 tons so far this year.

Imports

  • Pork imports consolidated in the first 10 months of the year totaled 1,301,123 tons, an increase of 4.3% compared to the same period of 2022.
  • The total value of these was Million USD 2679.5, resulting in an implicit price of USD 2059/ton, an increase of 1.7% over the average recorded in the same period of the previous year (USD 2024/ton).
  • Demand from the processing industry drives imports despite rising prices.
  • To date, 16,100 tons of product from South America have been imported from Chile and 17,900 tons from Brazil.

333 Latin America with data from the Agricultural Markets Consulting Group (GCMA)/ Mexico.
https://gcma.com.mx/ 

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