Brazil to increase meat exports by 5%
A recent forecast released by USDA shows Brazil's potential to increase meat exports by 5% this year. That will be the tenth consecutive year of growth in Brazilian meat exports. The deficit in the supply of pork in China, the competitive currency and the global economic recovery contributed to this performance.
In 2021, Brazil should account for 23% of global meat exports. Despite, however, the significant increase observed in recent years, the Brazilian participation in the world market will be only 1 (one) percentage point higher than that registered in 2018.
Brazil's share of global beef exports has increased dramatically in recent years and is estimated to be around 25% in 2021. This expansion began after the emergence of African swine fever in China in 2018 and continued last year, despite the global recession and depressed food service.
The recovery in demand in the European Union and in the Middle East, as well as strong purchases from China, position Brazil for greater growth in beef exports in 2021. With regard to pork, Brazil's share of global exports has continuously increased in recent years. It is estimated that in 2021 they will represent 11% of world exports. Compared to exports of other major meats, pork exports are relatively small, but production has increased and is being directed to export channels.
It is estimated that in 2021 Brazilian pork exports will be 73% higher than those recorded before China began to face the problems with African swine fever in 2018.
On the other hand, Brazil's share of global chicken meat exports has remained relatively stable, and it is estimated that in 2021 it will account for 32% of the volume traded internationally.
Although Brazilian chicken meat exports have been strengthening since 2018, exports from other smaller suppliers – such as Thailand and Russia – have been growing at higher rates.
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