Pork production is estimated to reach 50 million metric tons (MMT), a 5% increase over 2021, due to higher hog production and higher slaughter levels. Large producers are continuing to expand their market share of pork production.
Imports of pork products are expected to decline by 24% to 3.3 MMT, due to low domestic pork prices and an increased tariff rate along with a less optimistic economic outlook, and continued COVID-19 related restrictions and market disruptions. However, imports will remain historically high as the demand for imported pork products has increased. The five major pork suppliers are expected to remain Spain, Brazil, the United States, Denmark, and the Netherlands.
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