Price Trends in the Pork Market

Abstract

The pig industry and the pork market occupy an important place in providing the population of both the world and Ukraine with basic food products. The economic development of individual countries of the world and population growth increase the demand for pork, which leads to an increase in its production. Pig breeding in Ukraine is a historically established, traditional industry. However, its current state does not ensure sustainable and efficient pork production in Ukraine and requires significant improvement. The purpose of the study was to investigate the price situation in the pork market and describe the factors that caused it. In the course of the research, a set of methods was used: monographic, retrospective, comparative analysis, abstract and logical, induction and deduction, graphic, which allowed identifying and substantiating the existing price trends of the pork market. The analysis of the volume of production and sale of pig meat by the main producers in live weight and the price situation on the pork market in 2017-2021 was carried out. Special emphasis was placed on detailing purchase, wholesale, and consumer prices in different regions of the country. A steady trend of rising prices in the pork market is substantiated. It is established that in Ukraine during 2017-2021 there was an increase of 1.6-2.3 times in all types of prices for pork. The study results contain analytical materials and theoretical justifications that expand knowledge about the price situation on the pork market. The obtained materials can be used by all interested parties and specialists for consideration in production activities and for further scientific study of the problems of the establishment and functioning of the pork market