In October, a new record for Brazil in beef exports. – Total area

China, Brazil and the Philippines are the main destinations.

Brasilia, Brazil | The whole range | In October, shipments of Brazilian beef abroad registered a new record, reaching 301,166 tons, with revenues of US$ 1,360 million. In the first ten months of 2024, the increase was 29.9% in the export volume, achieved 2.4 million tons, and revenue grew 22.8%, reaching US $ 10.5 billion.

Analysis of the Brazilian Association of Meat Export Industries (Abiec) they understand that In the first ten months of 2024, beef exports in Brazil have been almost equal to the output of the entire year 2023.when the country exported 2.29 million tons, moving US $ 10.5 billion.

“To give a measure of the volume and efficiency of Brazilian beef exports, it is enough to say that in October, more than 400 machines were imported per day in Brazil,” said president Abiec Antônio Jorge Camardelli, who also says, in In the same month, the average prices of export beef recovered 5%, led by the 7.4% increase in the average price of fresh meat.

CHINA, UNITED STATES AND THE PHILIPPINES.

China, the biggest market for Brazilimported nearly 159,595 tons. “This confirms, once again, the partnership between the two countries. Today, China has a share of 54.4% of the amount exported by Brazil in beef, and that is the result of daily work to conquer and maintain this market, for its we are an association of the Brazilian Export and Investment Promotion Agency, ApexBrasil. “, said Camardelli.

The United States remains Brazil’s second largest beef buyerwith volumes of 27,940 tons and revenue of US $ 159.3 million in the 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 an income of US $ 42.7 million.

THE KEY PURCHASES.

In 2024, the ten largest beef buyers in Brazil accounted, by volume, for approximately 80% of all Brazilian exports.

Markets like China They also stand out here, with volumes of more than 1 million tons and revenues of US $ 4.8 billion, between January and October, registering a 12.7% increase in the number sent away and a 3% increase in revenue compared to the same period of 2023.

United States a significant increase in shipments this year, of 69%, reaching 175,193 tons, with an income of US $ 1.02 billion (an increase of 58.7% compared to the same period last year).

They also stood out United Arab Emirateswith loads of almost 125,000 tons, Hong Kong with the purchase of nearly 100,000 tons, Chile (86,587 tons), Philippines (80,472 tons) and Egypt (78,080 tons).

LEADERS

For Camardelli, the prospects for exports in the last two months of 2024 will depend on the balance between the demand of the domestic market, as the end of the year approaches, and the ability of businesses to ‘ negotiate what the outside market has asked for. “But anyway, 2024 is likely to close its results with beef exports both in terms of volume and revenue »he concluded.