Argentine beef exports hit 57-year record, but domestic consumption continues to decline

Published 2024년 11월 11일

Tridge summary

Argentina's beef exports hit a record high between January and September 2024, with a volume of 699,987 tons and revenue of $2.122 billion, as reported by the Ministry of Agriculture, Livestock and Fisheries. This increase was led by the US, Chile, and Israel. However, despite the rise in exports, beef consumption in the country has dropped to a 26-year low. The accumulated slaughter of cattle in the first nine months of 2024 was 10.22 million heads, and meat production increased to 2.336 million tons.

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Original content

The export volume reached 700 thousand tons and 2.122 billion dollars, driven by markets such as the US and the EU, while national consumption marks the lowest level in 26 years. Argentine beef exports reached a historical maximum in the period January-September 2024, with a total volume of 699,987 tons (equivalent to bone-in beef) and an income of 2.122 billion dollars, marking the highest level of sales in 57 years, as reported by the Ministry of Agriculture, Livestock and Fisheries. This impressive growth was driven mainly by the markets of the United States (46% increase), Chile (21%) and Israel (11%), while the European Union and China, key destinations, also increased their demand. The country, which exports most of its meat to China (68% of its total sales), added Mexico as a new relevant market, already occupying sixth place in the ranking of destinations, followed by Brazil, Russia, Canada and Malaysia. Among the exported products, 16% were chilled cuts, and the rest ...

Source: Defrentealcampo