Global meat exports are expected to increase by 2 percent

Published 2024년 4월 26일

Tridge summary

Global agricultural exports are projected to increase by 2% in 2024, with China's imports expected to decrease by 4% due to stable domestic consumption and a rise in domestic production. However, Australia's exports are anticipated to grow by 9% due to ample supply and competitive pricing, finding alternative markets as US exports to East Asian markets are expected to decline. Brazil is predicted to remain the largest exporter, with a slight increase of 1% to 2.9 million tonnes, driven by demand from the US, UAE, and the Philippines. India's exports are also expected to rise by 3% due to strong demand in Southeast Asia and the Middle East.

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

Original content

Outside the United States, global exports are expected to increase 2%. China's imports are forecast to decline 4%, as domestic consumption is forecast to remain stable year-over-year and domestic production is forecast to rise 2%. As a result, countries with abundant exportable balances will look for other destinations in 2024. Australia's exports are forecast to rise 9% as ample supply and competitive prices boost shipments to East Asia and North America. Strong US import demand will support Australia's export growth, as will the expected reduction in US exports to key East Asian markets. Brazil is forecast to remain the world's largest exporter, but exports in 2024 will increase just 1% to 2.9 million tonnes. Firm demand from key trading partners such as the ...

Source: EuroMeat