Argentina: The Chinese giant does not wake up and worries the meat processing industry

Frozen Bone-In Beef
Market & Price Trends
Published Feb 20, 2024

Tridge summary

Despite a slight increase in export volume, Argentina is receiving up to 32% less per ton for its beef exports to China, causing concern within the Argentine meat processing industry. However, there are positive trends in the Chinese animal protein market, with beef consumption expected to grow by 1.6% annually, reaching 11.2 million tons in 2024. The Argentine industry is exploring ways to increase its market share and introduce higher-value cuts in the Chinese market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Although there was a slight rebound in the volume of exports, China continues to pay low values: up to 32% less per ton. The indicators of its economy are negative and raise alarms. The Argentine meat processing industry closely follows the indicators of the Chinese economy, the exclusive destination of national beef exports. Data from private entities confirm this trend: according to the Rosario livestock market (Rosgan), in 2023 it took 78.5% of shipments. With these figures, it is understood that any variation in these numbers represents a serious threat to the business and, to make matters worse, a retraction in the economic indicators of the Asian giant is foreseen for this year. But despite this scenario, the Chinese animal protein market shows some numbers to analyze. At this point, the Rosario entity considered that although a year-on-year drop of 2.5% is expected in the consumption of chicken and pork, beef continues to show a positive trend. As projected by the United ...
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