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Brazil Meat Exports Continue to Grow
14.04.2021 17:10 "Agro Perspectiva" (Kyiv) —
According to the report of the USDA Livestock and Poultry: World Markets and Trade (April 2021), in 2021, total Brazil meat exports are forecast up 5 percent from 2020, marking the tenth consecutive year of growth. A persistent pork supply deficit in China, a competitive real, and a recovery in the global economy are expected to fuel continued export growth. This year, Brazil is expected to capture 23 percent of global meat exports. However, despite recent robust growth, Brazil’s market share is only 1 percentage point higher than 2018. Brazil’s share of global beef exports has increased the most in recent years, rising to an estimated 25 percent in 2021. Brazil beef exports have surged following the emergence of African swine fever (ASF) in China during 2018 and continued to grow last year despite a global recession and depressed foodservice business. Recovering demand in the European Union and the Middle East as well as continued strength in China position Brazil for further export growth this year. Meanwhile, Brazil’s share of global pork exports has increased steadily in recent years and is forecast at 11 percent in 2021. Compared to exports of other major meats, pork exports are relatively small, but production has been rising with additional output allocated to export channels. Pork exports in 2021 are estimated 73 percent higher than before China began struggling with ASF in 2018. On the other hand, the Brazil share of global chicken meat exports has remained relatively constant and is estimated at 32 percent this year. While Brazil chicken meat exports have strengthened since 2018, exports from other smaller suppliers, such as Thailand and Russia, have grown at a greater rate.
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