Brazil will be responsible for 29% of the world’s beef exports in 2030. According to data from the United States Department of Agriculture (USDA).
The report points out that the volume exported by the country should increase 41.8% by the end of the decade. Brazil will continue to lead global beef exports, followed by the US, with a 11.4% share.
The estimates of growth in the Brazilian exports are due to two factors: a bigger demand for beef around the world and the stagnation of exports from countries in Europe and the US, says the USDA.
To meet external demand the country’s production will also increase. Currently, Brazil produces around 10 million tons of beef annually. In 2030, the numbers are expected to reach approximately 12.4 million.
The report also indicates that, by the end of the decade, the country will be the third-largest pork exporter in the world, surpassing Canada.
The European Union and the United States occupy nowadays the first and second place in the ranking. Canada is in third, with 1.4 million tons exported in 2021 and Brazil in fourth, with 1.2 million tons.
According to the predictions, in 2030 Brazil will export 1.8 million tons, while 1.7 million tons are estimated for Canada.