Brazil sets new record for beef exports in October
According to the analysis by the Brazilian Association of Meat Exporting Industries (Abiec) on the figures released by the Ministry of Development, Industry, Commerce and Services (MDIC), in the first ten months of 2024 alone, beef exports in Brazil have already practically equaled the result for the entire year of 2023, when the country exported 2.29 million tons, generating US$ 10.5 billion. The trend for the end of this year, according to Abiec, is for records to be maintained until December.
"To give an idea of the size and efficiency of Brazilian beef exports, it is enough to say that, in October, more than 400 containers were shipped per day from Brazil", explains the president of Abiec, Antônio Jorge Camardelli, who also states that, in the same month, the average prices of exported beef recovered by 5%, driven by the 7.4% increase in the average price of fresh meat .
China, Brazil’s largest market, imported almost 159,595 tons. "This confirms, once again, the partnership between the two countries. Today, China has a 54.4% share of the amount of beef exported by Brazil, and this is the result of a day-to-day effort to conquer and maintain this market, for which we have the partnership of the Brazilian Trade and Investment Promotion Agency, ApexBrasil", argues Camardelli, who was in China, participating, with Abiec and ApexBrasil, in the China International Import Expo (CIIE), in Shanghai. The exhibition is an initiative of the Chinese government, through the Chinese Ministry of Commerce, in partnership with the municipal government of Shanghai, and also has the support of several international organizations, such as the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).
United States remains the second largest buyer of Brazilian beef, with volumes of 27,940 tons and revenue of US$159.3 million last month. This represents an increase of 10.4% in volume and 12% in revenue compared to last September. The Philippines was the third largest destination for Brazilian beef last month, with 11,369 tons exported and revenue of US$42.7 million.
Considering the categories of beef products, 270,332 tons of fresh meat were exported ( representing almost 90% of the total), 16,022 tons of offal, 8,547 tons of processed meat, 2,926 tons of tripe, 2,824 tons of fat and 515 tons of salted beef.
In 2024, the ten largest buyers of Brazilian beef accounted for approximately 80% of all exports from Brazil. Markets such as China also stand out here, with volumes of over 1 million tons and revenue of US$ 4.8 billion between January and October, registering a 12.7% increase in volume shipped and a 3% increase in revenue compared to the same period in 2023.
The United States recorded a significant increase in shipments this year, of 69%, reaching 175,193 tons, with revenue of US$ 1.02 billion (an increase of 58.7% compared to the same period last year). The United Arab Emirates, with shipments of almost 125 thousand tons, Hong Kong with purchases of close to 100 thousand tons, Chile (86,587 tons), the Philippines (80,472 tons) and Egypt (78,080 tons), also deserved to be highlighted.
For Camardelli, the outlook for exports in the last two months of 2024 will depend on the balance between domestic market demand, as the end of the year approaches, and the possibility of industries negotiating what the foreign market has been demanding. "But, in any case, 2024 tends to close its results with record exports for beef both in volume and revenue", he concluded.
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