Brazil continues to dominate beef export market

Published Dec 6, 2022

Tridge summary

The recent AHDB analysis updates the dynamics of the South American beef export market, with a focus on the role of the Mercosur bloc, particularly Brazil, and its export trends in 2023. Brazil is expected to remain the dominant exporter, with a slight increase in total exports, while other countries like Argentina, Paraguay, and Uruguay are projected to experience declines. The report highlights the significant growth in Brazil's beef exports to China, which has compensated for the anticipated softening of demand in 2023. Additionally, the report addresses the recent surge in UK beef imports from Brazil, amidst Brexit and COVID-19 challenges, and predicts a potential return to the 2013-2014 import levels from Brazil in the long term.

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

Original content

Following earlier analysis on trends in the South American beef market How much beef did South America export in 2021?, AHDB recently offered an updated look at the South American beef export trade and the likely impacts in the short to medium term. Beef exports from the Mercosur bloc continue to be dominated by Brazil. For 2023, USDA has forecast this trend to continue. Brazil is anticipated to increase total exports by 1%. Other key South American nations, including Argentina, Paraguay and Uruguay are expected to report export declines of up to 3%. Recent trends show Brazil's beef exports to China are up 30% year to date compared to last year. China's demand is expected to soften in 2023, but Brazil is expected to gain market due to slight declines in North American production. UK imports of beef, particularly from Brazil, have increased recently, the AHDB report ...

Source: The Cattle Site