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Latin America
In Latin America, production is expected to total 7.836 million tons, which represents an increase of 0.4% compared to 2021 (7.806 million tons). On the other hand, estimates for international trade indicate a 6.0% drop in exports and a 6.2% increase in imports. Apparent consumption should grow by 3.4%, from 7.700 million tons to 7.959 million tons.
Source: FAS, USDA. July 12, 2022. Calculations: Economics and Market Intelligence Department 333 LATAM. Variations % with respect to 2021. Figures in thousands of tons.
Brazil
Pork production in Latin America's highest-producing country is expected to decrease by 0.6% compared to 2021, going from 4.365 to 4.340 million tons. Likewise, the volume of exports is projected to reach 1.250 million tons, which represents a decrease of 5.4% compared to the previous year (1.321 million tons). Imports are to remain at 3 thousand tons and apparent consumption should grow by 1.5%.
Mexico
Production in Mexico is expected to reach 1.535 million tons, 3.4% above the 2021 total (1.484 million tons). With this production volume, the Central American country would continue to rank second in Latin American swine production. It is estimated that imports will grow by 8.2% compared to 2021, going from 1.155 to 1.250 million tons respectively, thus maintaining its position as the largest importer in the region. Exports are expected to decrease by 6.0%, from 319 thousand tons to 300 thousand tons.
Argentina
Argentina's pork production is expected to increase by 0.7% with respect to the previous year, from 695 to 700 thousand tons. A 40% drop in the volume of exports is estimated, reaching only 12 thousand tons. However, imports are expected to grow by 20% and apparent consumption would increase by 3.2%, reaching 748 thousand tons.
Economics and Market Intelligence Department 333 Latin America, with data from USDA. United States. https://apps.fas.usda.gov/
