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18 July 2023 - Wouter Baan

The world pork market is currently dominated by Brazil. The South American country saw export volumes increase sharply in the first half of this year. European export volumes are at their lowest level since 2015.

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In the first six months of this year, Brazil exported 589.000 tons of pork. This is an increase of 15,6% compared to the same period last year. The underlying value rose by 26,7% to $1,4 billion. With 214.000 tons, China was the largest buyer, the export volume to the Asian country increased by 17,1%.

EU
Rising Brazilian export figures are at the expense of Europe. European export figures have been below last year's levels all year. The contrast was particularly stark in May when exports fell by more than 20% to 331.000 tons. This is the lowest level since 2015. On balance, the EU exported 1,81 million tons in the first five months of this year, compared to 2,1 million tons a year earlier, according to Eurostat data. 

The Netherlands is also feeling the loss, as export volumes cannot match previous years. This is also experienced by slaughterhouses. It has been reported for some time that Chinese demand is no longer what it used to be and that Brazilians have an advantage in terms of cost price.

USA 
In addition to Brazil, the United States can also demonstrate excellent export figures. In the first five months of this year, export volume increased by 14% to 1,22 million tons. China and neighboring country Mexico in particular imported significantly more pork.

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