4,100+
Viewed by
4.5
Ratings
15+
Countries Tracked
15
Suppliers Covered
11
Clients Served
3%
Savings Generated
110.9 MMT
53.23 MMT
23.28 MMT
Category Intelligence on Pork covers the following
Increase in the global supply of pork could bring down the price pressure to some extent, hence, imports are likely to increase.
About 1% increase in global production is expected due to the rise of production in EU, Russia. Consumption in FY 2018 is expected to drop by ~1–2%, due to the shift in demand for other meats, especially in the largest consuming country China.
Global Production (2012-2018F)
Pork market depends on the demand from recovering markets, like Brazil, since the consumption levels in China are likely to reduce in 2018.
Pork production relies on the global consumption levels. Pork demand in China is likely to reduce in FY 2018, due to a shift in demand for beef and poultry, since the increase in the per capita income.
Procuring from 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.
Exports to China likely to rise in the short term, due to the sudden surge in demand for pork and processed pork products.
About 1–2% decrease in the production of pork in 2018 is expected, since the consumption is likely to decrease, due to a shift in the demand to other meat products.
Abundance in supply for export and comparatively low prices make EU one of the best sourcing destinations for pork.
No major growth or decrease is expected in production or consumption in the year 2018.
Pork
Complimentary 12-month access to Beroe LiVE
COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)
Beroe is the World's leading provider of Procurement Intelligence and Supplier compliance solutions. We work with over 10,000 companies worldwide, including 400 of the Fortune 500.
© Copyright © 2020 Beroe. All rights reserved.
