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Brazil will set a record for meat exports in 2023, leading the world in chicken and beef exports

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The US Department of Agriculture recently released its forecast for Brazilian meat exports in 2023. Brazilian chicken exports are expected to grow by 4% in 2023 due to strong demand in key markets and production challenges in other trade-competing countries.

 

An outbreak of highly pathogenic avian influenza in North America and Europe, higher energy costs in the European Union and production disruptions in Ukraine have restrained Brazil's trading competitors’ export supplies , affecting their price competitiveness in international markets.

 

Brazil is in a better position to benefit from strong global poultry demand as consumers opt for lower-priced animal proteins amid generally rising food prices.

 

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Brazil exports a variety of chicken products (including whole chicken and breast meat) to meet a wide range of market demand. Brazil is the main source of poultry imports from the Middle East, which is expected to be in high demand in 2023. Brazil will remain the world's largest exporter of poultry meat, accounting for more than a third of global exports.

 

Brazilian beef exports are expected to grow by about 1% in 2023. Brazil will remain the world's largest exporter of beef, accounting for about 25% of global exports. China is expected to remain Brazil's largest beef export market, despite an increase in domestic supply and a decline in demand for beef imports from Brazil. At the same time, beef supplies from Argentina and Uruguay, China's two other big sources of beef imports, are expected to tighten, limiting export supplies from those countries. In addition, Brazil only exports frozen boneless beef to China, which is more competitive than New Zealand and Australia, giving it an export advantage. Meanwhile, Brazilian beef exports to India are expected to stagnate, but exports to the Middle East and Southeast Asia are expected to grow.

 

Brazil is expected to remain the world's fourth-largest pork exporter in 2023, accounting for about 10% of the global market. Brazil's pork exports are expected to grow by 3 per cent, thanks to strong exports to South America and South-East Asia. China will remain Brazil's largest pork export market, but imports are expected to decline as domestic pork supplies increase.

 



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