USMEF: Mexico, Central America, Asian markets fuel September beef export growth

Published 2024년 11월 13일

Tridge summary

September beef exports experienced a surge in major Asian markets, with the exception of China/Hong Kong, reaching higher levels than the previous year, alongside strong demand in Mexico and Central America, marking the largest shipments in 18 months. Japan, Taiwan, and Korea witnessed notable growth in beef imports, with Taiwan's imports showing a remarkable rebound. Mexico continued to be the largest volume market for U.S. beef exports, seeing a 20% increase from the previous year. Despite a slow start, beef exports to Taiwan have significantly recovered in the second and third quarters. Meanwhile, lamb exports in September hit the lowest of the year, with a 32% decrease from the previous year in volume and a 27% decrease in export value. However, despite the decline in September, overall January-September lamb exports saw a 13% increase in volume and a 17% increase in value, with shipments to various countries including Mexico and the Caribbean experiencing growth.

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

Original content

With the exception of China/Hong Kong, September beef exports trended higher than a year ago in all major Asian markets, while demand remained strong in Mexico and shipments to Central America were the largest in 18 months. "The tourism rebound in Asia has certainly provided momentum for U.S. beef, especially in Japan, Taiwan and Korea", said USMEF President and CEO Dan Halstrom. "We also saw impressive growth in the Philippines and Indonesia, which are markets where we see a lot of untapped growth potential". Mexico was the leading volume market for U.S. beef exports in September, with shipments climbing 20% from a year ago to 19,692 mt. Export value was 19% above last year at $112.1 million. January-September exports to Mexico were up 13% to 173,283 mt, while value increased 17% to just over $1 billion. This included 92,465 mt of variety meat exports, up 17% year-over-year, while the value of these items increased 10% to just under $250 million. This included about $73 million ...

Source: EuroMeat