Historic record in Argentine beef exports
The latest report published by INDEC and adjusted by SAGPyA confirms that beef exports reached an absolute record in the last 100 years, with 933,654 tons sent abroad. This exceptional performance generated revenues of 2,874.7 million dollars, an increase of 8.4% compared to 2023, demonstrating the potential of the livestock sector as a fundamental pillar of the Argentine economy.
Despite price challenges, growth continues
The average value per ton exported during 2024 was US$4,513, 2.5% less than the previous year. The drop in prices reflects both international market tensions and the impact of the economic slowdown in key countries such as China, which reduced its share of Argentine imports from 75% to 69%. However, these factors did not slow the growth in volume or the economic contribution of the sector.
Impact of reductions in export duties
The government's recent measure to temporarily reduce export duty rates on agricultural products, including beef, also had a positive effect. This initiative, valid until June 30, 2025, seeks to strengthen the competitiveness of Argentine products in the international market, alleviating the burden on producers and exporters.
China: the key market calling for diversification
Despite being the main destination for Argentine beef exports, China showed a downward trend in 2024. This was reflected in a lower imported volume during the last months of the year, impacted by the Lunar New Year festivities and an adjustment of values in the market. According to data from SENASA, the volume shipped in January 2025 could decrease by an additional 8% to 10%, anticipating a moderate start to the year.
Faced with this scenario, industry experts highlight the need to diversify markets and reduce dependence on China. Currently, 69% of Argentine beef exports are destined for the Asian giant, leaving the country vulnerable to changes in trade policy or economic fluctuations.
Outlook for 2025
Although a more moderate growth in global beef supply is expected, the Argentine livestock industry faces an optimistic outlook. The competitiveness provided by recent government measures, coupled with the record exports achieved in 2024, position the country as a key player in the global beef trade.
With a trade balance that in 2024 achieved a record surplus of 18.899 billion dollars, the livestock sector not only boosts the national economy, but also lays the foundations to consolidate Argentine as a global leader in the production and export of quality meat.
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