Thursday, 7 April 2022
Pork production in Mexico stood at 1.5 million tonnes cwe last year, according to the USDA.
As well as being a large producer, Mexico also imports a large volume, mainly from the US. According to Bill of Lading data Mexico imported 1.1 million tonnes product weight in 2021, a marked increase on the prior year.
Looking forwards, in 2022 Mexican pork production is forecast to rise to 1.6 million tonnes cwe. Productivity of the Mexican sow population compared with their European counterparts is lower, although some gains are being made. As in Europe, recent rises in input costs will cause some challenges and squeeze profitability.
There is expected to be strong domestic demand as, similar to other countries, eating out continues to recover post-Covid.
Rising food inflation may hamper demand, although currently pork remains an affordable protein option in Mexico. If consumers do look to trade down in protein choice, pork offal is often a popular choice.
Import volumes are also expected to grow this year, reflecting the resumption of trading for street food stalls and restaurants.
Export volumes are also expected to grow. Most Mexican pig meat exports are of high value, labour intensive products to the US, Japan and South Korea.
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