Brazil

Brazilian beef exports registered a growth of 55.9% in revenue

Beef

Brazilian beef exports registered a growth of 55.9% in revenue in the first five 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 Meat Exporting Industries (Abiec).

Posted on Jun 27 ,07:17

Brazilian beef exports registered a growth of 55.9% in revenue

From January to May this year, sales revenue reached US$ 5.06 billion, compared to US$ 3.24 billion in the same period of the previous year. In volume, the increase was 25%, from 710 thousand tons in 2021 to 887.3 thousand tons until May this year. In the same period, the average price of protein grew 24.7%, from US$ 4,500 per ton to US$ 5,700 per ton. “This shows that Brazilian beef is being increasingly valued in the international market and that Brazil is consolidating itself as an important trading partner for the buying countries”, explains Antônio Jorge Camardelli, president of Abiec.

In the comparison of May 2022 with May 2021, the increase in revenue was 49.5%, from US$ 725.2 million to US$ 1.08 billion. When looking at the volume, the increase was 17.5%, from 149.8 thousand tons to 176 thousand tons. In comparison with April, there was a deceleration of 1.7% in revenue, which was US$ 1.102 billion in the previous month.

Main markets

In 2022, Brazil exported beef to 130 countries, with the main buyers being China, with US$ 2.9 billion, up 91.3% compared to US$ 1.52 billion registered in the same period in 2021. The volume grew 37.9% and stood at 437.4 thousand tons against 317 thousand tons.

Following are the United States, with US$ 471 million, up 88% from US$ 251 million. The increase in volume was 109.8%, with 70.9 thousand tons compared to 33.8 thousand tons. Revenue from shipments to Egypt in the period grew 345% and stood at US$ 255.8 million against US$ 57.5 million, as a result of the 286.9% growth in the volume of meat shipped, which rose from 17,100 tons to 66.3 thousand tons.

Shipments to the European Union grew 29.4% in revenue with US$ 212.8 million compared to US$ 164.5 million, while the volume shipped increased 14.4% and ended the period with 28,600 tons compared to 25,000. tons in 2021. Accumulated revenue from shipments to Chile grew 2.8% and stood at US$ 157 million compared to US$ 152.7 million in the accumulated result for the previous year.

In the comparison of May 2021 versus May 2022, China leads the way, with revenue of US$ 692.2 million, an increase of 101% compared to US$ 343.2 million in 2021. The volume in the period grew 42.6% and remained by 95.9 thousand tons against 67.3 thousand tons. Revenue from shipments to the European Union grew 56.9%, from US$ 30 million to US$ 47.2 million, with an increase of 33.9% in shipments, which reached 5.9 thousand tons compared to 4, 4 thousand tons in May last year.

Revenue from sales to Egypt in the period totaled US$ 44.9 million, an increase of 356.8% compared to US$ 9.8 million. The volume shipped in the period grew 329.6% and stood at 11,400 tonnes compared to 2,650 tonnes. Shipments to Saudi Arabia also grew in the period, 71.7% in revenue, which stood at 20.3 million against US$ 11.8 million, with a volume 42.9% higher, reaching 3,600 tons against 2 5 thousand tons. For the United Arab Emirates, revenue increased by 6.3%, with US$ 18.9 million compared to US$ 17.8 million and a volume 1.6% higher, from 4,020 tonnes to 4,090 tonnes.

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