Global markets: Beef imports in Japan plummet in September

Published 2024년 11월 14일

Tridge summary

In 2024, Brazil was the world's leading exporter of beef, with significant shipments to China, the United Arab Emirates, the United States, Hong Kong, and Chile. The average price per ton was USD 4,660 thousand, marking a 1.4% increase from the previous year. Australia's beef exports were also on the rise, reaching 130,048 tons in October, with the United States accounting for 34% of these exports. There was a notable 66% increase in Australian meat imports by the United States compared to the same period in the previous year. Despite challenges such as summer heat and typhoons, Japanese beef imports saw a decrease of 21.9% in September, dropping to a seven-month low.

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

Original content

The countries that imported the most beef from Brazil in 2024 were: China, the United Arab Emirates, the United States, Hong Kong and Chile. In terms of price, the average value in October was USD 4,660 thousand per ton, a slight increase of 1.4% compared to the value negotiated a year ago, generating revenues of USD 1,259 million, compared to USD 855.6 million in October 2023. In Australia, beef exports are not reaching a ceiling, supported by demand from the United States. Although exports totaled 130,048 tons in October, the country is on track to comfortably surpass the maximum of 1.28 million tons per year established in 2014. In the first 10 months of the year, the cumulative total is 1.097 million tons, 24% more than last year to date, adding 215 thousand tons. Shipments to the United States accounted for 34% of the total in the last month, with 45,338 tons, the second highest figure in history behind September 2014 when the US industry was going through a stock recovery ...

Source: EuroMeat