Mexico: Livestock and Products Annual
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In 2020, Mexico's livestock production continues to grow and has proven resilient against Mexico’s economic recession and pandemic mitigation efforts. Mexico's beef and pork exporters are meeting growing demand for red meat. Pork exporters found new market opportunities in China, as well as continued complying with rigorous market requirements of Japan and South Korea. However, Mexico’s beef and pork imports have not been as strong as in years past, declining due to Mexico’s economic slowdown and an unfavorable currency exchange rate. In 2020, Mexico’s retail meat consumption is driven by household demand for healthier, smaller, and more affordable portions. Retail consumers are switching from more expensive sources of animal protein, such as beef, to more affordable ones, such as pork and chicken, due to employment loss and diminished incomes. Post forecasts 2021 will see a better economic scenario over 2020 after pandemic emergency measures are lifted and economic activities resume.
