Arabs import less Brazilian beef in 2020

Published 2021년 1월 11일

Tridge summary

In 2020, the three largest Arab countries importing Brazilian beef, Egypt, Saudi Arabia, and the United Arab Emirates, saw a decrease in their imported volume compared to 2019. However, despite this, Brazil's beef exports exceeded 2 million tonnes, setting a record with an 8% volume and 11% revenue growth from 2019. China and Hong Kong were the primary contributors to this growth, importing over 1.1 million tonnes of Brazilian beef.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The three main Arab countries that buy Brazilian beef had a drop in imported volume in 2020, compared to 2019. In the year, Egypt was the second largest buyer of Brazilian beef, with 127,953 tons. The volume, however, represented a drop of 23% in relation to 2019. Saudi Arabia, sixth in the general ranking, with 41,067 tons, also had a drop of 4.4% in volume compared to 2019. Following are the United Arab Emirates , with 40,860 tons, a drop of 44.2% in the volume purchased in 2020 compared to the previous year. The data were released by the Brazilian Refrigerators Association (Abrafrigo) on Friday (08), based on the compilation of information from the Foreign Trade Secretariat (Secex / Decex) of the Ministry of Economy. For 2021, the association expects growth in imports from markets such as the Arab countries. For this, Abrafrigo is betting on improving the world economy driven by the start of vaccination against covid-19. In total, the growth forecast for Brazilian beef exports ...

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