RaboResearch: The global beef market will grow even in a context of uncertainty.

The bank explained that, despite the continuous market volatility, Brazil and China have consolidated their positions as leaders in beef exports and imports. In such a dynamic landscape, the global beef sector will face both challenges and opportunities in the future. The expansion of the global beef trade has increased over the past five years, with exports rising by 14% from 2019 to reach nearly 13 million metric tons in 2024. "Brazil and China have consolidated themselves as dominant powers, with Brazil at the forefront of exports and China as the main importer," says Angus Gidley-Baird, senior analyst at RaboResearch. "Brazilian beef exports have skyrocketed, from 2.3 million metric tons in 2019 to a projected 3.6 million metric tons in 2024, largely driven by the growing demand from the Chinese market." This growth underscores Brazil's pivotal role, accounting for approximately 50% of Chinese beef imports. Significant volatility has been observed in the beef market due to ...