Brazil: Chicken meat exports are record even with slowdown in Chinese demand

Published 2022년 11월 25일

Tridge summary

From January to October 2022, chicken meat exports have hit the highest record with a 4.6% increase compared to the same period in 2021, totaling 3.92 million tons, despite a 17.4% decrease in Chinese demand due to domestic production recovery. This decline has been compensated by increased shipments to countries like the Philippines, Singapore, and Mexico. Domestic chicken meat supply has been boosted for the holiday season, though demand has not yet matched. For 2023, a 4.2% rise in the domestic chicken meat market is anticipated, alongside a tendency towards stabilization in per capita consumption due to economic factors. Additionally, beef exports have seen an increase, with nearly 2 million tons shipped from January to October 2022, a figure higher than the previous year. China continues to be the primary buyer of Brazilian beef, accounting for 54.5% of total sales.

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

Original content

The export volume of chicken meat between January and October this year is the highest ever recorded. According to data from the Ministry of Economy (ME), around 3.92 million tons have already been shipped in the first 10 months of 2022, a volume 4.6% higher than that registered in the same period last year, when exports reached approximately 3.75 million tons. This increase occurs even with a reduction in Chinese demand for the Brazilian product, as shown in the November edition of the AgroConab bulletin, released on Thursday (24) by the National Supply Company (Conab). According to the document, China reduced its demand for the product by 17.4%, compared to the same period in 2021, as a result of the recovery of domestic animal protein production. “Although China continues to be the main buyer of chicken meat from Brazil, this is a more fragmented market. Thus, the increases in shipments to other important countries, such as the Philippines, Singapore, the United Arab Emirates, ...

Source: Opresenterural