Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,200+ categories like Pork.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

Schedule a Demo

Category Alerts


China Q1 pork output surges as farmers cull hogs in fear of disease outbreak

April 20, 2023
alert level: High

China announces a proposal to minimize the usage of soymeal in animal feed

April 18, 2023
alert level: Medium

EU pork output is expected to decline in 2023

April 04, 2023
alert level: Medium

Become a Beroe LiVE.Ai™ Subscriber to receive proactive alerts on Pork

Schedule a Demo

Pork Market Monitoring Dashboard

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Schedule a Demo

Pork Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Pork category is 5.30%

Payment Terms

(in days)

The industry average payment terms in Pork category for the current quarter is 75.6 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length


Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk



Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

Schedule a Demo
Meet Abi

The World’s first Digital Market Analyst

    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Abi is now supercharged with GPT4 AI engine. Enjoy the ease of ChatGPT, now on Abi

    Pork market report transcript

    Global Market Outlook on Pork

    • The global supply in 2022-23 is estimated to touch 124 million tons CWE, slightly higher on a y/y basis.

    • The global consumption is estimated to increase to 113 million tons CWE as opposed to 112 tons CWE in 2022.

    Supply & Demand Analysis : Pork

    • The global supply (carry-in stocks, production and imports) for 2023 is estimated to increase as compared to 2022, to 124 million tons CWE, led by a higher output from China, and a slight reduction from EU. The consumption is estimated at 113 million tons CWE for 2023, higher than the 2022 consumption of 112 million tons CWE. The concerns of African Swine Flu appears eroding at the moment and producers are looking for competitive market space

    • An increase in feed costs is likely to impact the demand.

    • The US Hog slaughter has exceeded forecast in Jan 2023. It's possible that the winter weather disrupted the flow of hogs, but it's more likely that there were more hogs than needed.  Moreover, hog prices appear to be suffering as a result of the increasing hog slaughter, as more pork led to decreased hog price; witnessed by lean hog price decline of around 14.6% m/m, while pork price declined by 8.7% m/m.

    • The US Pork production for the first quarter is down 32 million pounds to 7.010 billion pounds, up 1.5% over the same period last year, due to anticipated lower dressed weights, comparative reduction in pork availability along with the expected Easter demand will pull up the price of pork by Q1 2023.

    Supply Overview of Pork

    • Pork production is expected to reach 110 MMT CWE in 2023, recovering from swine fever. Though the demand is expected to be low until Q1 2023, overshadowed by the availability of grains due to the Ukrainian crisis.

    • China is the major consumer and producer of pork, followed by the EU and the US

    • Increase in production volumes from China will cover for the drop in US and EU production in 2022

    • Sudden increase in pork production has led to the processing capacities to lag behind

    Pork Trade Analysis

    In 2023, the Chinese pork imports are expected higher by nearly 4 percent Y/Y to 2.2 MMT on stronger consumer demand following the end of COVID restrictions. However, a rise in the domestic pork production is expected to limit the imports of pork meat.

    • The EU is by far the largest exporter of pork products with a share of 62 percent by value in 2022

    • Export volume from the US has been mostly consistent in 2022. Major markets for pork are China, Japan and Mexico, which is expected to extend into 2023 as well.

    • Chinese pork imports are expected to slowdown in 2023 owing to a surge in the domestic production of hog meat.

    • Consumption and production is likely to recover in Brazil with the recovery in economy

    Key Producing Regions-Pork

    • Procuring from the US, EU or Russia is feasible since the production levels are high. Prices in EU are lower with regard to exports owing to the abundance in supply. Pork is majorly produced and in China, due to the increasing trend for consuming a healthy diet. Major pork by product are also located in China since the Chinese are not picky and use almost all parts of the pig or hog for consumption purposes.

    Price Trend and Price Outlook: US

    Market Analysis

    • It has been noted that 23 percent of the commercial pork produced in the United States is anticipated to be sold abroad in 2023, amounting to 6.4 billion pounds. The following are the quarterly export forecasts: 1.6 billion pounds were spent in the first quarter, 1.6 billion pounds in the second quarter, 1.5 billion pounds in the third quarter, and 1.7 billion pounds in the fourth quarter.

    • China is stockpiling pork reserves to support hog prices and boost the producer margins. The grains supply remains tight in the current marketing year. However, the demand is likely to bounce back, as Chinese cities lift the lockdown restrictions

    Interesting Reads:

    Discover the world of market intelligence and how it can elevate your business strategies.

    Learn more about how market intelligence can enable informed decision-making, help identify growth opportunities, manage risks, and shape your business's strategic direction.

    Get Ahead with AI-Enabled Market Insights Schedule a Demo Now

    Schedule a Demo Now