Brazil - Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBrazil's Meat Exports Dip Slightly to $12.2 Billion in 2023
Brazil Meat Exports
In 2023, approx. 3.1M tons of meat were exported from Brazil; surging by 3.2% against the previous year. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by 19% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the near future.
In value terms, meat exports dropped to $12.2B (IndexBox estimates) in 2023. Overall, exports saw a resilient increase. The pace of growth was the most pronounced in 2022 with an increase of 34% against the previous year. As a result, the exports reached the peak of $14.2B, and then reduced in the following year.
| COUNTRY | Export Value of Meat in Brazil (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 10.6 | 9.0 | 471 | 768 | 1,029 | 1,721 | 3,324 | 5,300 | 5,278 | 9,108 | 6,616 |
| Chile | 402 | 300 | 276 | 353 | 334 | 520 | 525 | 478 | 720 | 531 | 679 |
| United States | 0.5 | 0.1 | 0.2 | 3.5 | 57.3 | 0.4 | 0.7 | 97.9 | 471 | 447 | 537 |
| Philippines | 37.9 | 43.4 | 37.2 | 57.1 | 30.9 | 98.6 | 111 | 142 | 263 | 460 | 483 |
| Hong Kong | 1,215 | 1,347 | 830 | 964 | 1,240 | 1,224 | 972 | 1,058 | 878 | 392 | 452 |
| United Arab Emirates | 86.2 | 90.8 | 88.7 | 94.6 | 107 | 160 | 278 | 181 | 238 | 290 | 372 |
| Egypt | 465 | 585 | 624 | 529 | 519 | 510 | 467 | 395 | 271 | 344 | 244 |
| Russia | 1,677 | 2,107 | 1,193 | 961 | 1,135 | 304 | 315 | 247 | 143 | 193 | 192 |
| Venezuela | 884 | 871 | 571 | 177 | 28.4 | 3.4 | 2.3 | 1.6 | 1.2 | 0.4 | 0.6 |
| Iran | 265 | 272 | 383 | 374 | 560 | 318 | 228 | 24.6 | 49.0 | 5.4 | N/A |
| Others | 1,541 | 1,560 | 1,329 | 1,420 | 1,501 | 1,675 | 1,958 | 1,809 | 2,326 | 2,452 | 2,576 |
| Total | 6,583 | 7,186 | 5,804 | 5,702 | 6,542 | 6,535 | 8,182 | 9,734 | 10,638 | 14,223 | 12,153 |
Exports by Country
China (1.6M tons) was the main destination for meat exports from Brazil, with a 50% share of total exports. Moreover, meat exports to China exceeded the volume sent to the second major destination, Chile (186K tons), eightfold. the Philippines (162K tons) ranked third in terms of total exports with a 5.2% share.
From 2013 to 2023, the average annual growth rate of volume to China stood at +81.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+8.9% per year) and the Philippines (+28.2% per year).
In value terms, China ($6.6B) remains the key foreign market for meat exports from Brazil, comprising 54% of total exports. The second position in the ranking was taken by Chile ($679M), with a 5.6% share of total exports. It was followed by the United States, with a 4.4% share.
From 2013 to 2023, the average annual growth rate of value to China totaled +90.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+5.4% per year) and the United States (+100.8% per year).
Exports by Type
Beef (cattle meat) (2M tons), pork (1.1M tons) and horse, mule and donkey meat (2.6K tons) were the main products of meat exports from Brazil, together accounting for 99.9% of total exports. Lamb and sheep meat, meat of camels and other animals and goat meat lagged somewhat behind, together accounting for a further less than 0.1%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by lamb and sheep meat (with a CAGR of +217.5%), while the other products experienced more modest paces of growth.
In value terms, beef (cattle meat) ($9.5B) remains the largest type of meat exported from Brazil, comprising 78% of total exports. The second position in the ranking was held by pork ($2.6B), with a 22% share of total exports. It was followed by horse, mule and donkey meat, with a 0.1% share.
From 2013 to 2023, the average annual rate of growth in terms of the value of beef (cattle meat) exports amounted to +5.9%. With regard to the other exported products, the following average annual rates of growth were recorded: pork (+8.0% per year) and horse, mule and donkey meat (+7.4% per year).
Export Prices by Country
In 2023, the meat price stood at $3,916 per ton (FOB, Brazil), which is down by -17.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average export price increased by 16%. As a result, the export price reached the peak level of $4,728 per ton, and then declined markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($17,706 per ton), while the average price for exports to Vietnam ($2,418 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the meat market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1108 - Meat of asses
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1017 - Goat meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
