Brazil’s pork export sector witnessed a remarkable year in 2023, achieving a record-breaking export volume of 1.2 million metric tons. This figure represents an impressive 9.8% increase from the previous year, as reported by the ABPA, the country’s poultry and pork meat association.
Expansion into New Markets
A key factor in this growth was Brazil’s successful penetration into new markets, including Mexico, Peru, and the Dominican Republic. Despite a noticeable reduction in exports to China, these new markets have significantly contributed to the overall increase. ABPA’s director, Luis Rua, also highlighted ongoing efforts to open additional markets, such as the United Kingdom and Malaysia, further broadening Brazil’s global pork export footprint.
Financial Success
The financial impact of this growth is evident, with export revenues reaching $2.8 billion in 2023, a 9.5% increase from the previous year. This financial upswing underscores the sector’s robust performance amidst global market dynamics.
Future Projections
Reflecting on the success, ABPA president Ricardo Santin confirmed that the 2023 results were in line with the association’s expectations. Looking ahead, ABPA forecasts that Brazil’s pork exports could reach 1.3 million tons in 2024, continuing the trend of growth.
Diverse Export Destinations
The detailed breakdown of export destinations reveals a mixed picture. While exports to China saw a 15.6% decrease, totalling 388,600 tons, other regions recorded significant increases. Notably, exports to Hong Kong surged by 29.3% to 126,600 tons. Other regions showing substantial growth included the Philippines, Chile, Singapore, Uruguay, Vietnam, and Japan, each registering notable increases in import volumes.
