Brazilian beef exports reach record volume but drop in turnover

Fresh Bone-In Beef

Published Jan 21, 2024

Tridge summary

In 2023, beef exports from Brazil decreased by over 17% in income, due to lower prices in the main importing countries such as China and the United States, despite an 8.15% increase in the handled volume of exports. China, the largest customer of Brazilian beef, saw a drop of 3.2% in total imports and a 27.8% decrease in foreign currency collection, while the United States grew its acquisitions by 81.7% in volume and 12.7% in revenue. Overall, 76 countries increased their purchases last year while another 97 reduced their imports.

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

Beef exports from Brazil, both fresh and processed, invoiced 10,845 million dollars, according to data from the Brazilian Association of Meat Processors (Abrafrigo), based on data collected from the Ministry of Foreign Trade (SECEX) of the Ministry. of Development, Industry, Commerce and Services (MDIC). In 2022, export income was 13,090 million dollars, which means that in 2023 there was a reduction of more than 17%, equivalent to around 2,245 million dollars.) In terms of handled volume, exports recovered and showed an increase of 8.15% compared to 2022. That year, 2,345 million tons of product were exported and, in 2023, the movement reached 2,536 million tons, as reported by El Country of Uruguay. This drop in income was due to lower prices in the main importing countries. That was the case in China, responsible for half of the beef exported by Brazil, where the average value per ton fell 25.43% from the previous year to $4,761 per ton. In the case of the United States, the ...

Source: Agromeat