10/07/2018 – News / Meat / Pork / Global
Pork trade is becoming “increasingly complex and competitive”
Global pork trade will “continue to grow, become more complicated and experience more competition”, according to Rabobank, whose new ‘World Pork Map’ shows global pork production and consumption, and the extent of the largest pork trade flows around the world.
“Global pork trade flows continue to change, both for exporting countries and destination countries,” said Jan Peter van Ferneij, Rabobank Senior Animal Protein Analyst. “And the pork products being traded also continue to adapt to the changing demand.”
The largest exporters today – the EU, US, Canada, and Brazil – are increasingly competing in the same markets, the firm observed.
Meanwhile, China has become the most important destination for pork and by-products. Other Asian destinations have also increased their demand for imports. These destinations are buying an ever-broader range of products – from low-value products such as by-products to products with high added value.
The bank also noted that Russia has almost disappeared as an importing country since 2014, and in future could start competing in world markets as an exporter.
To download Rabobank’s Global Pork Map, visit: https://bit.ly/2L20K42