Brazil: The best half-year results for beef exports in history

Published 2024년 7월 11일

Tridge summary

In the first half of 2024, Brazil's beef exports saw a significant increase of 27.3% compared to the same period in 2023, reaching 1.29 million tons and generating revenue of US$ 5.69 billion, the highest since 2022. Asia accounted for 52% of the market, with the Middle East and North Africa showing the largest increase in Brazilian beef shipments. The United Arab Emirates saw a 238% increase in imports. Fresh beef made up 87.7% of the volume shipped, with China being the largest importer. Brazil is working to expand into new markets and increase its global leadership in beef exports, with a focus on countries like Japan, South Korea, Vietnam, and Turkey.

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

Original content

According to the report, in the first half of 2024, beef exports totaled 1.29 million tons, an increase of 27.3% compared to the same period in 2023 (1.019 million tons), which resulted in revenue of US$ 5.69 billion - an increase of 17%, compared to the first half of 2023 -, a value surpassed only in 2022, when first-half results totaled more than US$ 6.19 billion, in a pandemic scenario. In June 2024, exports totaled 220,184 tons, generating US$ 953.09 million, a slightly lower result than in the previous two months, when a record number of shipments was recorded. Asian countries accounted for 52% of the Brazilian beef market in the first half of the year. The largest markets by region were the Middle East and North Africa, which accounted for 20.8% of the total. This region saw the largest increases in Brazilian beef shipments in the first half of 2024 compared to the same period in 2023. There was a 91% increase in total shipments, totaling 120,000 more tons exported this ...

Source: EuroMeat