Beef consumption plummets in Brazil, but exports grow

Published 2023년 1월 31일

Tridge summary

The international beef market is undergoing a transformation due to changing consumption habits. While countries like Brazil are reducing beef consumption, China is increasing its participation in the market. Despite being a major beef producer, Brazil's domestic consumption hit a 26-year low in 2022. This trend is also seen in the US, UK, and Argentina. However, Brazil has compensated for the domestic market slowdown by expanding its presence in Asia, especially in China. The new government is playing a key role in resuming meat sales to China and making trade agreements with other countries. The stability of exports to Asia is crucial for maintaining high prices.

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

Original content

International beef trade routes are undergoing full transformation, in a scenario that began to take shape in 2022 and is expected to increase throughout this year. Highly meat-eating countries are reducing food consumption. On the other hand, nations that had a diet based on other types of protein, such as China, have expanded their participation in this market, expanding their import volumes. The scenario exposes a contradiction. Brazil is now considered one of the world's major beef producers, responsible for 24% of the entire volume exported globally, according to the USDA, the US Department of Agriculture. However, protein consumption among Brazilians, in the domestic market, reached in 2022 the lowest index of the last 26 years. In the last 5 years, the deceleration has accumulated a drop of 26.8%. The same phenomenon can be observed in other countries that are large consumers of beef and also recorded a slowdown in domestic consumption in 2022, such as the United States (5% ...

Source: NoticiasAgricolas