Export market for Other Frozen Pork Cuts in Vietnam (11월, 2022)

The United Nations Food and Agriculture Organization (FAO) forecasts a 1.8% increase in global pig meat output in 2022, totaling 124.6 million tons, primarily driven by an expansion in China's production. However, this growth may be balanced by a slowdown in the second half of the year due to high market costs preventing producers from replenishing sow herds. The forecast also anticipates a decrease in pig meat production in several countries, including the European Union, Thailand, and the Philippines, due to African Swine Fever and high input costs. In contrast, Mexico's production is projected to increase by 2.7% due to advancements in genetics, breeding, and animal health protocols, fueled by both domestic and export demand.