Global Pork Market Overview
In value terms, pork production shrank to $ in 2019 estimated in export prices. In general, production, however, recorded notable growth. The growth pace was the most rapid in 2011 when the production volume increased by % y-o-y. As a result, production attained the peak level of $. From 2012 to 2019, global production growth remained at a lower figure.
China ( tonnes) constituted the country with the largest volume of pork production, accounting for % of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the U.S. ( tonnes), threefold. The third position in this ranking was occupied by Germany ( tonnes), with a % share.
In China, pork production remained relatively stable over the period from 2007-2019. 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 totaled kg per head in 2019, leveling off at 2018 figures. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % against the previous year. The global yield peaked in 2019 and is expected to retain growth in years to come.
In 2019, approx. heads of animals slaughtered for pork production worldwide; which is down by -% on the previous year's figure. In general, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the number of producing animals increased by % against the previous year. Over the period under review, this number hit record highs at heads in 2018, and then fell in the following year.
The global pork market size contracted slightly to $ in 2019, falling by -% against 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 +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Global consumption peaked at $ in 2018, and then fell in the following year.
In China, pork consumption remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: the U.S. (+% per year) and Germany (-% 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.
In China, the pork market expanded at an average annual rate of +% over the period from 2007-2019. 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 2019 were Spain ( kg per person), Poland ( kg per person) and Germany ( kg per person).
From 2007 to 2019, the biggest increases were in Russia, while pork per capita consumption for the other global leaders experienced more modest paces of growth.