Opinion

Pork Industry: May Exports Deliver Solid Results Despite Monthly Slowdown

Although May recorded a slight slowdown, Brazil's pork exports continue to show a strong growth trend, supported by robust international demand and diversified markets.

Allan Maia
Analista de mercados

The performance of Brazilian pork exports in May 2026 remained positive and consistent, although it was marked by a slowdown compared to April.

During the period, Brazil exported 125,854 metric tons, generating US$293.074 million in revenue, with an average price of US$2,370.91 per ton. While this result represents a decline compared to April-when export volume reached 135,993 metric tons and revenue totaled US$318.335 million-May's performance is still considered strong within a historical context.

It is worth noting that in May 2025, Brazil exported 115,938 metric tons, highlighting the sector's continued expansion.

The decline observed between April and May mainly reflects a market normalization following a particularly strong previous month, rather than any structural loss of competitiveness.

The Philippines Leads Brazilian Pork Imports

In May, export shipments remained concentrated in key strategic markets, with the Philippines maintaining its position as the leading destination, accounting for 20.59% of total export volume, equivalent to 25,909 metric tons and US$62.089 million in revenue.

The average price of US$2,235.71 per ton reflects the characteristics of this market, which is driven by large-volume purchases and greater price sensitivity.

Japan Delivers Higher Added Value

Japan retained its position as the second-largest destination, accounting for 12.05% of exports and importing 15,159 metric tons.

Unlike the Philippines, Japan stood out for its strong focus on higher-value products, registering an average price of US$3,374.60 per ton, one of the highest among all export destinations.

This reinforces the strategic importance of premium markets in boosting export revenues and improving average export prices.

China Remains Relevant Despite Softer Demand

China, with a 7.05% market share and imports totaling 8,875 metric tons, posted a relevant performance, although at a more moderate pace compared to previous periods.

Its average import price of US$2,283.36 per ton remained close to the global average, reflecting stable trade relations despite possible adjustments in Chinese demand throughout the year.

Market Diversification Strengthens Export Strategy

Other important destinations, including Chile, Mexico, and Hong Kong, maintained significant participation and consistent performance, reinforcing the geographic diversification of Brazilian pork exports.

Meanwhile, smaller markets such as Vietnam, Argentina, Uruguay, and several African countries continue to play a strategic role in expanding Brazil's international presence and reducing commercial risks.

Solid Performance Despite Monthly Slowdown

Overall, the performance of May 2026 can be classified as positive and consistent, despite the slowdown compared to April.

The results demonstrate the sector's ability to maintain high export levels even after an exceptionally strong month, while also highlighting its resilience in the face of natural fluctuations in the global market.

Monthly Brazilian Pork Exports - 2026

Source: Safras & Mercado / Secex

Source: Safras & Mercado / Secex

January-May Results: Sustained Growth in Volume and Revenue

The consolidated analysis for the period between January and May 2026 further reinforces the sector's growth trajectory.

Total exports reached 642,320 metric tons, representing an increase of approximately 14.3% compared to the same period in 2025.

In terms of revenue, export earnings rose from US$1.346 billion to US$1.527 billion, an increase of approximately 13.5%.

These figures highlight consistent growth in both volume and value, despite varying performances across individual markets.

The Philippines and Japan Drive Growth

The Philippines remains the primary engine of Brazilian pork exports.

Shipments to the Southeast Asian nation increased by approximately 47% in volume, rising from 123,200 metric tons to 181,400 metric tons.

Meanwhile, Japan recorded an even stronger expansion, with export volume increasing by approximately 77%, supported by higher revenues and sustained demand for premium products.

Main Destinations for Brazilian Pork Exports (January-May 2026)

Source: Safras & Mercado / Secex

Source: Safras & Mercado / Secex

Share of Main Destinations for Brazilian Pork Exports in 2026 (% of Export Volume)

Source: Safras & Mercado / Secex

Source: Safras & Mercado / Secex

China and Other Traditional Markets Show Declines

China recorded an approximate 34% decline in volume, with imports falling from 80,500 metric tons to 52,900 metric tons.

A similar trend was observed in Hong Kong and Singapore, reflecting changes in import dynamics across these traditional markets.

Regional and Emerging Markets Gain Ground

Chile posted growth of approximately 11% in volume, while Uruguay expanded by around 4%, reflecting stable and strengthening regional trade relationships.

Markets such as Angola also increased purchases, contributing to greater geographic diversification of Brazilian pork exports.

Positive Outlook for Brazil's Pork Industry

Taken together, the results from January through May 2026 point to a scenario of robust expansion, driven primarily by growth in key Asian markets and the maintenance of competitive pricing.

The combination of strong growth in strategic destinations and declines in some traditional markets reflects a strategic redistribution of exports, highlighting Brazil's ability to adapt to changes in global demand.

Despite periodic fluctuations among months and trading partners, the year-to-date performance confirms a positive trend for the Brazilian pork sector, characterized by sustained growth in both export volume and revenue, while maintaining strong competitiveness in the international market.

Allan Maia
Market Intelligence Specialist - Pork Sector Safras & Mercado

This market analysis was originally written in Portuguese by Allan Maia, Market Intelligence Specialist at Safras & Mercado. The English translation, editorial adaptation, and publication editing were carried out by the AgroLatam editorial team.

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