The meat market shows dynamism with new players

Published Dec 12, 2024

Tridge summary

Chile is the leading buyer of Paraguayan meat, with 110,913 tons purchased from January to November, valued at USD 579.2 million. Projections for 2024 estimate a slight decrease, with a volume of 120,996 tons and a value of USD 631.9 million. Taiwan and Brazil follow as the second and third largest buyers, with decreases in volume and value compared to 2023. The United States has recently emerged as a significant market, placing fourth with USD 127.3 million generated from January to November 2024. Israel, Russia, Canada, Kuwait, Italy, and Georgia round out the top seven markets. Overall, Paraguay's beef exports are projected to increase by 9.6% in volume and 14.34% in value in 2024, compared to 2023, reaching 345,886 tons and USD 1,722.4 million.

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

Original content

Chile remains our main buyer with 110,913 tons purchased until November, for a value of USD 579.2 million. According to our analysis, this market could close with 120,996 tons and a value of USD 631.9 million in 2024, which would represent a drop of 5.9% in volume and 5.16% in value, compared to 2023. Taiwan remains the second destination for Paraguayan meat, with 36,259 tons purchased for a value of USD 177.5 million, from January to November of this year, so if it maintains this rate of purchase it would close the year with 39,556 tons and a value of USD 193.7 million. These numbers compared to 2023 represent a decrease of 3.49% in volume and 3.35% in value. Brazil is the third destination for national red protein, with a volume of 23,550 tons, worth USD 137.3 million, from January to November 2024, and according to our projections, it would close the year with 25,691 tons acquired for a value of USD 149.8 million. These figures represent a decrease of 12.43% in volume and 8.26% ...

Source: Productivacm