Brazil

Record growth for Brazilian beef exports

Beef

Revenue from Brazilian beef exports grew by 45.5% in the first seven months of 2022 compared to the same period in 2021. The data were collected by the Secretariat of Foreign Trade (Secex) and released by the Brazilian Association of the Meat Exporting Industries (ABIEC).

Posted on Aug 11 ,04:53

Record growth for Brazilian beef exports

From January to July of this year, sales revenue reached US$ 7.409 billion, compared to US$ 5.092 billion obtained in the same period of the previous year. In volume, the increase was 17.7%, from 1.064 million tons in 2021 to 1.253 million tons until July this year. In the same period, the average price of protein grew 23.7%, from US$ 4,800 per ton to US$ 5,900 per ton. “These data are the result of the intense work we have been doing to open new markets and expand our presence in the countries where we already operate, always highlighting the role of Brazil as a trading partner of nations and not as a competitor”, explains Antônio Jorge Camardelli, president of ABIEC.

In the first seven months of 2022, Brazil exported beef to 159 countries, and the buyers that stood out in the period were China, with US$ 4.4 billion, an increase of 78.6% compared to US$ 2.5 billion registered in the same period of 2021. The volume grew 32.6% and stood at 650.1 thousand tons against 490.2 thousand tons.

Following are the United States, with US$ 591.2 million, up 49.2% from US$ 396.4 million. The increase in volume was 59.7%, with 84.8 thousand tons compared to 53.1 thousand tons. Revenue from shipments to Egypt in the period grew 152.5% and stood at US$ 300.1 million against US$ 118.9 million, as a result of the 145.8% growth in the volume of meat shipped, which went from 31, 6 thousand tons to 77.8 thousand tons.

Shipments to the European Union grew 33% in revenue with US$ 339.5 million compared to US$ 255.2 million, while the volume shipped increased 13.4% and ended the period with 43,500 tons compared to 38,400. tons in 2021. Accumulated revenue from shipments to the United Arab Emirates grew 33.7% and stood at US$ 143.8 million compared to US$ 107.5 million in the accumulated result for the previous year. In volume, the growth was 24.6%, from 25.3 thousand tons to 31.6 thousand tons in 2022.

Comparing July 2022 with July 2021, the increase in total revenue was 19.8%, from US$ 1.009 billion to US$ 1.209 billion. In volume, the increase was 0.3%, from 190.5 thousand tons to 191.1 thousand tons.

Among the outstanding markets in the period, China leads the way, with revenue of US$ 784.4 million, an increase of 49.3% compared to US$ 525.5 million in 2021. The volume in the period grew 21.5% and stood at 110.7 thousand tons against 91.1 thousand tons. The United Arab Emirates, on the other hand, had a growth of 74.3% in revenue from shipments, from 15.7 million to 27.4 million compared to the same period last year, while its imported volume was 3,700 tons for 5.5 thousand tons, an increase of 50.2%. Revenue from sales to the Philippines in the period totaled US$ 25.8 million, an increase of 75.2% compared to US$ 14.7 million. The volume shipped in the period grew 67.6% and stood at 5.6 thousand tons against 3.3 thousand tons. Shipments to Russia also grew in the period, 125% in revenue, which stood at 11.5 million against US$ 5.1 million, with a volume 82.2% higher, reaching 2.6 thousand tons against 1.5 thousand tons. For the United Kingdom, revenue rose 52.8% with US$ 11.2 million against US$ 7.3 million and volume 40% higher, from 1,400 tonnes to 2,000 tonnes.

In the comparison between July and June, revenue growth was 5.8%, from US$ 1.143 billion in June to US$ 1.209 billion. The volume increased by 9.1%, from 175,137 tons to 191,128 tons.

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