USDA projects a significant increase in beef exports from Brazil for the coming years

Published Mar 23, 2023

Tridge summary

The USDA Committee on Agricultural Projections forecasts a 24.5% increase in beef trade volume by 2032, reaching 14.257 million tons. The dominant exporters, Brazil, the United States, India, and Australia, are expected to experience significant shifts. Brazil is set to become the largest beef exporter, with a 75% increase in volume, owing to growing global demand, especially from China. India and Australia are also expected to increase their export volumes, with India becoming the second-largest exporter and Australia fluctuating between the second and third positions. In contrast, the United States is projected to see a decrease in its export volume, falling from the second to the fourth position.

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

Original content

Considering only the largest exporting countries, a growth of 24.5% in volume is projected, from a trade of 11.456 million tons in 2021 to 14.257 million tons in 2032. Among them, the largest volumes shipped in 2021 were in charge of Brazil, the United States, India and Australia. However, according to the USDA Committee on Agricultural Projections, significant changes will be happening by 2032. Brazil will further consolidate itself on the world stage as the largest exporter of beef, increasing traded volume by almost 75%, going from a 20.3% share of international trade in 2021 to a significant 28.5% in 2032. USDA Brazil's beef export growth is supported by expanding global demand, particularly strong Chinese demand. India, which held third place in 2021 with 12.2% of the total, will increase its traded volume by 27%, rising to second place with 12.4% of global trade. Australia, which held the fourth position in 2021 with 11.3%, will increase its traded volume by almost 27% until ...

Source: Portal Do Agronegocio