Japan: Pork production and trade forecasts for 2023
Japan’s pork production will grow in 2023, but imports will be soft as large 2022 ending stocks are drawn down.
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Japan’s pork production will grow in 2023, but imports will be soft as large 2022 ending stocks are drawn down.
The key problem is that much of the profit reduction (lost opportunity) is caused by a subset (often relatively small) of the total barn population.
USDA provides forecasts for pork production in the European Union in 2023.
High feed grain prices are expected to impact slaughter numbers and pork production in the latter part of 2023.
USDA projections for global pork production through 2031.
China's decision to end its zero-COVID policy restrictions is expected to improve demand for pork products in 2023. Pork production and imports are forecast to grow in 2023.
Over the course of 2023, pork production, exports, and consumption are expected to decrease while imports increase.
Last year, Mexico's global agri-food trade totaled 94.459 billion dollars, 53% of which corresponded to the country's sales to its trading partners, according to the Ministry of Agriculture and Rural Development.
The number of pigs slaughtered in Belgium fell by almost 10% in 2022, to a level not seen in 30 years.
The increase in pork production strengthened domestic supply and is reportedly responding to the increase in demand, with per capita consumption around 20 kg/inhabitant.
Robust supply and demand favored by competitive consumer prices positioned per capita pork consumption at 13 kg/inhabitant in 2022.
Once again, the production estimate for Argentina's crops was reduced as a result of the adverse weather conditions that have accompanied the development of the crops in this new season.
The figures for 2022 indicate strong domestic demand for pork, which boosted domestic production, imports, and consumption.
Slaughterhouses produced around 4.5 million tons of pork in 2022.
There was a strong increase in pork consumption, which was supported by the increase in domestic production and the decrease in international trade in both imports and exports.
According to Rabobank's report, "Global Pork Quarterly Q1 2023," supply is expected to be tight in the first quarter, with consumption facing uncertainty. Global pork trade will likely be limited. Rising inflation and high stock accumulated in 2022 will pressure import needs.