Argentina: Mercosur beef exports will increase 3% in 2024

Published 2024년 4월 6일

Tridge summary

In 2024, the Mercosur countries, comprising Brazil, Argentina, Paraguay, and Uruguay, are expected to see a 3.4% increase in beef exports, totaling 4.82 million tons, despite a slight decline in exports to China. This growth is primarily driven by an increase in beef production in Brazil, which will significantly boost the region's exports, along with a rise in Argentina's exports despite lower domestic demand. However, Uruguay's beef exports are anticipated to decrease slightly due to reduced production, and Paraguay will experience a notable decline in exports due to decreased slaughter and meat production. The overall increase in Mercosur's beef exports is attributed to the expanded production capabilities in Brazil and Argentina, coupled with efforts to diversify their market reach beyond China.

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

Original content

The expansive cycle of meat production in Brazil and the weakness of domestic demand in Argentina will allow growth in beef exports from the Mercosur countries (Brazil, Argentina, Paraguay and Uruguay) in 2024. According to projections and data collected by Faxcarne, the main beef supplier region to the world will place 4.82 million tons of carcass weight on the international market, about 160 thousand tons more (+3.4%) than in 2023. The main arguments that explain the expectation of increased export volume are the expansive production cycle in Brazil and the greater Argentine exportable balance. The expansion will take place in alternative markets to China, for which a moderate decline in trade flow is expected. According to projections by the consulting firm Agrifatto, Brazil will produce 9.4 million tons of beef, of which it will export 3.01 million, an annual increase of 170 thousand tons (6%). The weakness of demand from China will cause sales to the main destination to grow ...

Source: Agromeat