Arabs imported less beef from Brazil in 2020

Published 2021년 1월 8일

Tridge summary

In 2020, the three leading Arab buyers of Brazilian beef saw a decrease in their imports compared to the previous year. Egypt, the second largest buyer, imported 23% less at 127,953 tonnes. Saudi Arabia's imports were down 4.4% at 41,067 tonnes, and the United Arab Emirates' imports decreased by 44.2% to 40,860 tonnes. Despite this, the Brazilian Meat Packers Association anticipates a growth in beef exports to the Arab countries in 2021, optimistic about the global economic recovery due to the COVID-19 vaccine distribution. Overall, Brazil's beef exports hit a record high of over 2 million tonnes in 2020, with China being the main importer.

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

Original content

São Paulo - The three top Arab buyers of beef from Brazil decreased their imports in 2020 from 2019. Over the year, Egypt was the second largest buyer of beef from Brazil at 127,953 tonnes, down 23% from 2019. Saudi Arabia was the sixth largest buyer at 41,067 tonnes, down 4.4% from 2019. Then came the United Arab Emirates at 40,860 tonnes, down 44.2%. The figures were disclosed by the Brazilian Meat Packers Association (Abrafrigo) on Friday (8) based on information collected by the Foreign Trade Secretariat (SECEX / DECEX) of Brazil's Ministry of Economy. For 2021, the association expects imports to markets such as the Arab countries to grow. For this purpose, Abrafrigo bets on the recovery of the world economy driven by the COVID-19 vaccine rollout. Overall, Brazilian beef exports are expected to climb by 5%. Brazilian beef exports to the world were over 2 million tonnes last year, a record high, up 9% in volume and 11% in revenue from 2019. ...

Source: Anba