Brazil: Chicken meat exports keep hitting record, even with Chinese demand falling

Published 2023년 1월 6일

Tridge summary

Rabobank forecasts a record increase in Brazilian agricultural exports in 2022, even with a 18% drop in shipments to China. The growth is driven by higher foreign market demand, which is absorbing increased feed costs, making Brazilian broilers more competitive. The UAE, EU27+UK, Philippines, Singapore, and South Korea are the fastest-growing import markets. However, disease pressure from Avian Influenza presents a risk. The per capita consumption of chicken in Brazil is expected to decline in 2023 after three years of increase, due to falling beef prices and stable chicken prices.

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

Original content

According to the report released by Rabobank, even with the 18% drop in shipments to China (the largest destination for Brazilian exports, accounting for around 12% of the total), exports continue to rise and should break yet another record in 2022 (see figure 13). In October 2022, exports increased by 5% in volume and 29% in value – higher feed costs are being absorbed by the foreign market, which also increased the competitiveness of Brazilian broilers. Source: RabobankThe United Arab Emirates, which follow China as the second largest destination, recorded a 22% increase in shipments. Japan had a drop of 3% in the same period. The EU27+United Kingdom stands out and should overtake Saudi Arabia as the fourth largest destination, with a 16% increase in purchases from Brazil. Philippines, Singapore and South Korea also increased their imports strongly and should continue to bring opportunities, with rises of 45%, 53% and 63%, respectively, in the same period. Mexico increased its ...

Source: Avicultura Industrial