Brazilian meat industry sees positive scenario for exports

Meat

Brazil

Market & Price Trends

Published Jan 9, 2024

Tridge summary

Brazilian meat exporters ended 2023 with record volumes in exports of beef, pork, and chicken proteins despite slow Chinese purchases and falling prices. Pork exports reached an all-time high of 1.2 million tons, with revenue growing 9.5% to US$2.8 billion, while chicken meat shipments increased by 6.6% to 5.1 million tons. However, beef revenue fell 18.6% to US$10.5 billion due to low prices and decreased volume and revenue from shipments to China. Despite this, analysts believe Brazil can break new records in shipment volume in 2024 and gain competitiveness in the global market.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Despite slow Chinese purchases, falling prices and cases of bird flu around the world, Brazilian meat exporters managed to end 2023 with record volumes in exports of beef, pork and chicken proteins. Revenues did not grow in all cases, but the outlook is for a favorable market in this new year. Shipments of pork, including fresh and processed products, totaled 1.2 million tons in 2023, reaching an all-time high, according to the Brazilian Animal Protein Association (ABPA). Volume was 9.8% higher than the previous year, despite sales to China having declined. Revenue from pork exports grew 9.5%, to US$2.8 billion, also a record. According to the entity, the diversification of export destinations made a difference in the result, especially with shipments to countries in Asia and the Americas. “With the opening of new markets for Brazilian pork and good expectations regarding the behavior of traditional destinations for Brazilian products, it is expected that the levels achieved over ...

Source: Beefpoint