Page 55 - Food Outlook

Table 1. World meat market at a glance
the EU, Australia, New Zealand, Paraguay and Chile which may see theirs fall.
BOVINE MEAT
Production: growth concentrated in the Americas
After stagnating between 2013 and 2015 and growing
by 1.1 percent in 2016, bovine meat output is forecast
to increase by 1.7 percent to nearly 70 million tonnes
in 2017, adding 1.2 million tonnes to world supply. The United States, Brazil, Argentina, Turkey and China are expected to see the most sizeable gains, while declines are expected in South Africa, the Russian Federation and Australia.
In North America, meat output in the United States is forecast to reach a 9-year high of 12.1 million tonnes, an increase of 5.3 percent. Likewise, Canada may see production rise by nearly 3 percent to 1.2 million tonnes. In both countries, the expansions will be sustained by increases in carcass weight as well as slaughter numbers.
After three years of continuous declines, output in South America is forecast to recover by 2.1 percent to nearly 16 million tonnes, boosted by sizeable gains in
Brazil and Argentina. In Brazil, producers have been able to benefit from a competitive production environment, including the availability of feed at relatively cheaper prices, reinforced by this year’s good weather. In Argentina,
a period of herd rebuilding lasting nearly four years has resulted in an expanded herd. In addition, even though some regions continue to experience excess water following extensive flooding in 2016/17, pasture conditions have generally improved and feed prices have dropped. In Colombia and Uruguay, output is projected to increase, as the recent cycle in herd rebuilding has ended, offering a basis for increased slaughtering and output.
In Central America and the Caribbean, weather conditions have become generally more favourable in 2017, compared with the extreme conditions linked to El Niño
in 2015 and 2016. As a result, output in the sub-region
is expected to recover by about 2 percent this year. In Mexico, bovine meat production is expected to be up this year, as heavier carcass weights should more than offset a decline in slaughtered cattle numbers. However, the rather positive outlook for the country and, more generally, for the sub-region might be marred by the recent setbacks, namely hurricanes and earthquakes.
In Asia, India’s bovine meat output is expected to continue growing, but less vigorously than in 2016. The expected slowdown would be mainly driven by the informal sector, the production of which might be negatively
2017
f’cast
324.8
69.5 118.2 117.0
14.5
31.5
9.1 13.1 8.2 0.9
42.9
9.7
2017
Jan-Oct
170
2015
WORLD BALANCE
Production 320.5 Bovine meat 67.6 Poultry meat 116.9 Pigmeat 116.1 Ovine meat 14.4
Trade 29.8
Bovine meat 9.2 Poultry meat 12.2 Pigmeat 7.2 Ovine meat 1.0
SUPPLY AND DEMAND INDICATORS Per caput food consumption:
World (kg/year) 43.3 Trade - share of prod. (%) 9.3
FAO MEAT PRICE INDEX 2015 (2002-2004=100)
168
2016
estim.
million tonnes
321.3
68.3 117.2 115.8
14.4
31.2
8.9 12.8 8.3 0.9
43.0
9.7
2016
156
Change: 2017 over 2016
%
1.1
1.7 0.9 1.0 0.6
1.2
2.2
2.0 -0.7 -0.5
-0.1
0.1
Change: Jan-Oct 2017 over Jan-Oct 2016 %
9.3
Russian Federation, Mexico and India, but also in Argentina, Turkey and Thailand. After two years of downsizing associated with an on-going process of reforms including farm consolidation, meat production in China, the world’s largest meat producer, is expected to remain stable around the 2016 level, as expansions in ovine, pig and bovine meats are anticipated to compensate for a marked decline in poultry meat, constrained mainly by the spread of the highly pathogenic avian influenza (HPAI).
Global trade in meat in 2017 is forecast to reach
31.5 million tonnes, 1.2 percent above last year, but the growth is slower than the 4.4 percent growth registered
in 2016. World trade in bovine meat is expected to record the fastest expansion, followed by poultry, while trade
in pigmeat and ovine meat may fall somewhat. On the demand side, Japan, Angola, Cuba and Mexico, as well
as the Republic of Korea, Iraq, Chile, the United Arab Emirates and Viet Nam are all expected to step up imports. By contrast, meat imports by China, the EU, Egypt, Saudi Arabia, South Africa and Canada may decline, in some cases a reflection of larger domestic supplies and, in others, of falling demand in the wake of relatively high international prices. Among exporters, the United States, Thailand, India, Argentina, Ukraine and Brazil are all anticipated to step up meat sales abroad in 2017, unlike
FOOD OUTLOOK NOVEMBER 2017
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MEAT AND MEAT PRODUCTS