The EU will become the world's top pork exporter in 2022

The EU will become the world's top pork exporter in 2022
Photo is illustrative in nature. From open sources.

The EU will remain the world's top pork exporter this year, according to a forecast released by the USDA . Analysts expect 4.8 million tonnes to be shipped outside the block this year, accounting for 40.7% of global trade in the sector. Similarly, the United States will come in second place with a 25.6% share of exports, although a 6.2% decline is expected compared to 2021. CANADA will take the third place with a share of 12.5% ​​and an EXPORT volume of 1.5 million tons.

In terms of production, CHINA will maintain its dominant position, accounting for 46.2% of global pork production (110.5 million tons), and the expected production will reach 51 million tons, up 7.4% from last year.

it will be followed by the European Union with an expected share of 20.9% and a production volume of 23.2 million tons, down 2.4% from the previous year, while the US will come in third with a share of 11.1%. at the same time, production will amount to 12.3 million tons, a decrease of 2.2% compared to 2021.

The ranking of importing countries will be led by China, which is expected to purchase about 31.9% of the world's imported pork, which is 19.2% less than imports in 2021. Japan is expected to be in second place with a share of 13.2%, while Mexico will be in third place with a share of 10.9% of world pork imports. Notably, Philippine and Vietnamese imports are expected to decline this year by 18.1% and 10%, respectively.