Brazil: In the third quarter, sales of beef and poultry rose while pork and fish plummet

Published 2023년 12월 14일

Tridge summary

Scanntech's research on over 40,000 points of sale in Brazil showed a 14% increase in beef sales and an 11% increase in poultry sales in the third quarter of 2023, due to significant price drops. Eggs also experienced a 17% increase in sales, while fish and pork suffered a decrease of 11% and 13% respectively. Beef, particularly sirloin and rump cuts, accounted for over 25% of total food retail revenue in Brazil.

Poultry sales saw a 29% increase in breast fillets, but fish, particularly tilapia and cod, saw a significant drop in sales volumes. Despite the decline in sales, salmon sales increased by 61.6%. The marketing director at Scanntech predicts a strong increase in beef consumption in 2023 due to a combination of increased average income and lower protein prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Based on research carried out with data captured in more than 40 thousand points of sale (POS) of supermarkets and wholesalers throughout Brazil, Scanntech, leader in data intelligence for retail, points out that, in the third quarter of 2023, the volume Beef sales increased by +14% while poultry increased by +11%. The movement that has been observed since the first quarter in cattle sales and since the second quarter of the year in poultry sales, occurs as a result of the sharp drop in prices that reached -10% and -16% in the 3rd quarter of 2023, respectively when comparing periods with 2022. Another protein that deserves a positive highlight this year was eggs, which started the year with a drop of -12% in the first quarter and reached an increase of +17% in the 3rd quarter of the year. On the contrary, fish and pork suffered a year of contraction with a drop in sales volume of -11% and -13% in the 3rd quarter compared to the previous year. Fish, the protein with the highest ...

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