In the 1st quarter, the United Arab Emirates imported almost the same volume of Brazilian chicken meat destined for China

Published Apr 11, 2024

Tridge summary

In early 2023, Brazilian chicken meat exports experienced significant shifts, with the United Arab Emirates (UAE) increasing its import volume by nearly 25%, thereby raising its share of Brazilian exports to 10% in 2024, a 33% increase from the previous year. Conversely, China's imports decreased by over a third (36.45%), reducing its share from 14.62% in the first quarter of 2023 to 10.03%. This change in trade dynamics, marked by the UAE's substantial import increase, mitigated the overall decline in Brazilian chicken meat exports to its top 10 importers, which fell by almost 10%.

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

Original content

The approximation of volume between the two countries is due to two opposing factors: on the part of the United Arab Emirates, the imported volume increased by almost 25%. As regards China, there was a significant decrease, more than a third. More precisely, 36.45%. With such performances, Chinese participation in Brazilian exports, at 14.62% in the first quarter of 2023, fell by more than 30%, now standing at 10.03% – just 0.03 percentage points above the UAE's share, which increased by 33%, from almost 7.5% last year to exactly 10% in 2024. It is just the beginning of the year and these results should change as 2024 progresses. But, for now, half of the 10 main importers of Brazilian chicken meat have reduced ...

Source: Portal Do Agronegocio