Market Diversification: The Key to Success
One of the main reasons for the growth of pork exports is market diversification, which has been a strategic goal for the U.S. pork industry in recent years. USMEF President and CEO Dan Hallstrom noted that this growth has been especially noticeable in 2024. For example, pork exports to Mexico reached record levels for the fourth year in a row. However, the success of American exporters is not limited to this market.
New Markets and Successes
U.S. exporters are actively expanding their positions in the Western Hemisphere and making significant progress in the Asia-Pacific region. This has led to an increase in global EXPORT figures and a new high in export value per HEAD of more than $66. These results were made possible by the active promotion of U.S. pork in new markets.
Central America, Colombia, New Zealand, Malaysia, and several Caribbean markets recorded increases in both the volume and value of pork exports. Particularly noteworthy were the achievements in SOUTH KOREA and Australia, which also set new value records.
Impact on the Economy and Prospects The growth of U.S.
pork exports has a significant impact on the country's economy. Increased export volumes contribute to the creation of new jobs in the pork industry and related sectors, such as MEAT processing and logistics. Moreover, the successful promotion of U.S. pork in international markets strengthens the country's position as one of the leading meat exporters in the world. Given the current trends and strategies, it can be expected that the U.S. pork industry will continue to evolve and adapt to the changing conditions of the global market. Market diversification, as well as the active use of modern technologies and production methods will be the main factors contributing to the further growth of U.S. pork exports. Thus, 2024 has become a landmark year for the U.S. pork industry, demonstrating its ability to adapt and grow in a globally competitive environment. Given the successes achieved, it is safe to say that the future of U.S. pork exports looks promising.