MEXICO: 2% increase in pork meat production, 15% increase in imports, 16% decrease in exports
According to the Grupo Consultor de Mercados Agrícolas, a Mexican agricultural consulting firm, the Mexican pork industry produced 835.000 tons of pork meat in the first six months of 2022, with a total value slightly surpassing 1.500 million dollars; A 10% rise in domestic consumption forced Mexico to import 15% more pork meat, closing the first half of 2022 with a total of 712.000 tons.
Mexico produced 835.000 tons of pork meat in the first half of 2022. This is 2.1% more than compared to the same period last year. According to data provided by the Grupo Consultor de Mercados Agrícolas (GCMA), pork meat production in the first half of 2022 totaled 1.518 million dollars, which means a 17.8% year-on-year increase.
Consumption and imports
Domestic consumption of pork saw an increase of 10.3% compared to the first six months of 2021, totaling 1.4 million tons. As the increase in domestic production could not meet up with domestic consumption, the deficit had to come from an increase of pork imports, which grew by 15.4% in volume and 8.1% in value. In total, 712.527 tons of pork meat were imported with a total value of 1.267,6 million dollars. Most of these pork imports came from Mexico’s main supplier, the United States, which has a market share of 82.7% of total Mexican pork meat imports, equivalent to 589,527 tons. According to the US Meat Exporters Federation (USMEF). Mexico is also the most important market for its exports, representing 36.3% of total exports.
Mexican pork meat exports, on the other hand, declined by 16% and totaled 120.227 tons. In terms of value, Mexican pork meat exports amounted to 483.7 million dollars, a drop of 9.4% compared to the same period in 2021. This drop was caused mainly by the continued decline in demand from China, which reduced its pork meat imports by 73.6% in the first half of 2022. Mexico’s most important destination for pork meat is Japan, with a market share of 61.1% of total pork meat exports, and a total volume of 73.419 tons, 10.5% more compared to last year.
(article translated and adapted from www.porcicultura.com)