Tridge summary
Between January and October 2024, Uruguay's sheep meat exports experienced a 26% drop, generating 55.8 million dollars, while wool and wool product exports saw a 21% increase, reaching 131.9 million dollars. This mixed performance was driven by a variety of factors. Wool and wool product exports, particularly to China, saw a significant increase due to growing demand, with China accounting for 46% of the exported value. In contrast, traditional European markets like Italy and Germany saw a decline in their purchases. Sheep meat exports to Brazil grew by 12%, making it the main destination, but there was a drastic reduction in exports to China. However, Arab countries and Russia emerged as new markets, offsetting some of the losses from Asia. The export strategy was diversified towards Middle Eastern countries and strengthened relations with Brazil, helping to mitigate the loss of volume towards Asia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
So far this year, sheep meat exports have faced a complex outlook. Between January and October 2024, exports of wool and wool products grew by 21% in value, reaching 131.9 million dollars, while sheep meat exports fell by 26%, generating 55.8 million dollars. These results reflect a year of ups and downs marked by growing demand from Asian countries and the diversification of destinations in the Middle East. Between January and October 2024, a 21% increase was achieved in the total value of wool shipments abroad, reaching 131.9 million dollars. This growth was driven by demand from China, which absorbed 46% of the exported value, equivalent to 60 million dollars. In contrast, traditional European destinations, such as Italy and Germany, experienced significant declines in their purchases. The volume of wool exported reached 38.4 million kilos, with an increase of 66% compared to the previous year. This increase was led by dirty wool, whose exports increased by 144%, followed by ...
Source: Eltelegrafo
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