Brazilian beef exports are expected to finish 2022 with an increase of 15% in volume when compared to 2021, according to estimates by Rabobank.
Wagner Yanaguizawa, the animal protein analyst for the bank in Brazil, says international sales of the product have been registering an excellent performance and will break records both in volume and in revenue this year.
“Income from exports has already reached the historical mark of USD 10 billion by September, an increase of 35% over 2021,” he said. In terms of volume, the record should be registered as early as October.
In August and September, Brazilian exports of the product broke monthly records, surpassing the 230,000-ton mark.
Data from the Foreign Trade Secretariat (Secex) of the Ministry of Economy indicate that external sales of Brazilian fresh beef (refrigerated and frozen) totaled 142,700 tons in the first 14 working days of October, already exceeding the total exported in October last year.
The growth has been mainly driven by the strong increase in Chinese imports in recent months. It is related, according to Yanaguizawa, to the increase in purchases through official channels and the increase in demand to supply the domestic market with high added value and processed products.