
However, the forecast figures are lower than previously expected (4.88 million tonnes), due to analysts' concerns about rising feed prices and availability. Despite this, experts still expect pork exports to grow 6% in 2024 compared to the previous year, reaching 1.5 million tonnes, or 32% of total production. This forecast is based on increased pork availability, growing global demand, expanded exports to new markets, and a strengthened position in existing ones.
The USDA report also notes that Brazil's favorable epizootic situation, unlike its competitors, particularly in Europe, gives the country an advantage. Brazil has already surpassed Spain to become the largest pork exporter to China , which plans to import 2.25 million tonnes of pork in 2024. This is a significant achievement for the Brazilian meat industry and confirms its competitiveness in the global market.
The domestic market will also play a significant role in the industry's development. According to the United States Department of Agriculture , domestic pork consumption in Brazil is projected to increase by 4% in 2024, reaching 3.18 million tonnes in slaughter weight. This growth is due to greater domestic pork availability and lower prices, making pork more attractive to consumers compared to other types of meat.
Thus, Brazilian pork continues to strengthen its position in the global market thanks to increased production, growing exports, and rising domestic consumption. This is a positive trend for the industry, which continues to attract the attention and trust of international buyers.