Global Pork Market Overview
In value terms, pork production shrank to $ in estimated in export prices. In general, production continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. As a result, production attained the peak level of $. from 2012 to , global production growth failed to regain the momentum.
China ( tonnes) constituted the country with the largest volume of pork production, comprising approx. % of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the U.S. ( tonnes), threefold. Germany ( tonnes) ranked third in terms of total production with a % share.
In China, pork production remained relatively stable over the period from 2007-. In the other countries, the average annual rates were as follows: the U.S. (+% per year) and Germany (+% per year).
The global average pork yield stood at kg per head in , remaining stable against the previous year. Overall, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the yield increased by % y-o-y. Over the period under review, the average pork yield reached the maximum level in and is likely to see gradual growth in the near future.
In , global number of animals slaughtered for pork production amounted to heads, remaining relatively unchanged against 2019 figures. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. The global producing animals peaked at heads in 2018; however, from 2019 to , producing animals stood at a somewhat lower figure.
The global pork market revenue amounted to $ in , approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Global consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.
From 2007 to , the average annual rate of growth in terms of volume in China was relatively modest. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (+% per year) and Russia (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by the U.S. ($). It was followed by Japan.
From 2007 to , the average annual growth rate of value in China stood at +%. The remaining consuming countries recorded the following average annual rates of market growth: the U.S. (+% per year) and Japan (+% per year).
The countries with the highest levels of pork per capita consumption in were Poland ( kg per person), Spain ( kg per person) and Germany ( kg per person).
From 2007 to , the biggest increases were in Russia, while pork per capita consumption for the other global leaders experienced more modest paces of growth.