China becomes the 2nd destination for Colombian meat exports

Published 2024년 11월 13일

Tridge summary

In the third quarter of 2024, the Colombian livestock sector experienced a recovery, with meat exports increasing and live cattle exports stabilizing. China has emerged as the second-largest market for Colombian meat, following Iraq. The sector saw a decline in both the volume and value of cattle exports and meat shipments compared to the previous year, but a surge in September with over 3,000 tons of meat exported for the first time in 2024. The increase in the exchange rate has played a key role in this recovery, making Colombian meat more competitive in the global market. However, the unpredictable market dynamics of 2024 make it difficult to predict the future growth trend of meat sales.

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

Original content

At the end of the 3rd quarter of 2024, the Colombian livestock sector continues to regain ground with meat exports, while live cattle exports have stabilized. Shipments to China, which started slowly in May, have had better dynamism in the last 2 months and this country already occupies 2nd place in the destinations of Colombian meat. Until September 2024, Colombia reached a total of 153,649 heads of cattle sent abroad, with a FOB value of 119.1 million dollars. Regarding meat, exports have reached 14,957 tons, with a FOB value of 60.8 million dollars, according to figures from the National Administrative Department of Statistics (DANE) and compiled by the Office of Planning and Economic Studies of Fedegán-FNG. Compared to the January-September period of 2023, the volume of cattle exported fell by 19.8% compared to 191,641 tons, while the value fell by 20.2% compared to USD 149.2 million. Meat shipments, on the other hand, fell by 18.8% year-on-year compared to 22,301 tons, while ...

Source: Portaldelcampo