Brazil: Total beef exports close 2021 with 7% drop in volume and 9% increase in revenue - ABRAFRIGO

Published 2022년 1월 11일

Tridge summary

In 2021, Brazil's beef exports experienced a 7% decrease in volume but a 9% increase in revenue compared to the previous year, totaling 1,867,594 tons and US$ 9.236 billion respectively. This contradictory performance is attributed to a higher price per kilo of beef, with the United States and China being the largest buyers, followed by Chile, Egypt, and the United Arab Emirates. While exports to some countries like Saudi Arabia saw a slight decrease, overall, the number of countries increasing their beef imports from Brazil reached 104, whereas 68 decreased their purchases.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Total beef exports in 2021 (including fresh and processed products) showed a 7% drop in volume and a 9% growth in revenue compared to 2020, according to the Brazilian Association of Meatpackers (ABRAFRIGO), which compiled data from the Ministry of Economy's Foreign Trade Secretariat. According to the entity, the country handled 1,867,594 tons in 2021 compared to 2,016,223 tons in 2020, a record year for exports. Thanks to the increase in the price of the product in international markets, however, revenue rose from US$ 8.485 billion in 2020 to US$ 9.236 billion in 2021. ABRAFRIGO also released December figures for total exports. Handling in the last month of the year reached 151,593 tonnes against 168,155 tonnes in 2020, down 10%. The revenue obtained was US$ 726.6 million, against US$ 741.2 million in 2020, a reduction of 2%. Although it reduced its imports from 1,182,673 tonnes in 2020 to 950,057 tonnes in 2021, China remains the largest buyer of Brazilian beef, through the ...

Source: Portal Do Agronegocio