A recent Rabobank report says competition between major exporters has intensified in the global pork trade, meaning the competitive landscape will continue shifting in the years ahead. Low-cost producers like Brazil and the U.S. will likely have an advantage, while Europe’s position is expected to weaken following increasing market and regulatory requirements concerning animal welfare and sustainability. Countries adopting effective disease mitigation strategies may secure a competitive edge as disease pressure looms over the pig sector.
Meanwhile, global pork consumption is poised for growth until 2030, creating ongoing opportunities for global pork trade. Rabobank says disease pressure will continue creating challenges in the pork industry, though the impact will be contingent on trade policies and the success of mitigation efforts. Pork trade will persist despite China’s pork production rebounding to pre-ASF levels in 2022, achieving 95 percent self-sufficiency.
The report also says despite disruptions, global pork consumption will grow through 2030.
(From the National Association of Farm Broadcasters)