US bought 6% of the volume sold by Brazil
10 September 2024
1 minute read
The importance of beef in exports of agribusiness products from Brazil has been growing. Among the countries responsible for the volume increase are China, United Arab Emirates, Saudi Arabia, United States and Egypt, according to a recent marketing report from Cepea.
From January to July, the Brazilian industry exported 32% more than in the same period of 2023, but the revenue in dollar rose less, 21%, due to the 8% decrease of the average prices, according to data from Secex.
China has been demanding less of the Brazilian beef. From 2019 to 2023, the country boosted purchases in 271% (in volume). In the partial of 2024 (up to July) against the same period of 2023, the increase is 13%, which leads China as the responsible for 49.8% of Brazilian in natura beef exports this year. Prices in dollar, however, dropped 12% – data from Secex.
Other important destinations are the United Arab Emirates, Saudi Arabia and Egypt. Secex data indicate that these three countries purchased 13% of the in natura beef shipped by Brazil this year, 83% more compared to the same period in 2023.
In the accumulated of 2024, the United States bought 6% of the volume sold by Brazil to the international market, moving up 54% against that in the same period last year.