Brazil’s meat exports are expected to increase by 27.9% over the next ten years, rising from an estimated 9.907 million tons this year to 12.671 million tons of chicken, beef, and pork by 2034.
This projection is part of the annual “Agribusiness Projections” report by the Agricultural Policy Secretariat of Brazil’s Ministry of Agriculture, in collaboration with the Brazilian Agricultural Research Corporation (Embrapa). According to the ministry, production will increase by 22.21% over the same period, reaching 37.597 million tons in a decade.
Chicken meat exports are expected to grow 29.7% in the coming years, reaching 6.620 million tons by 2034, supported by a production increase to 19.497 million tons (up 28.4% over the decade).
Pork exports are projected to rise 22.5% to 1.511 million tons by 2034, with production reaching 6.840 million tons, a 27.5% increase over ten years.
Beef exports are expected to grow 27.1% to 4.540 million tons over the next ten years, comprising 40% of the total beef production in the country, which will reach 11.260 million tons (+10.2%). The annual growth rate for beef production, at 1.1%, is less than half the annual growth projected for chicken and pork at 2.4%.
“Exports remain the most significant driver of growth in the meat industry,” the ministry noted. The report also projects that Brazil will become the leading global exporter of beef in 2033, according to the U.S. Department of Agriculture (USDA), followed by India and Australia.
In 2033, Brazil is expected to account for 27.5% of global beef exports, while also leading chicken exports with 41% of the world market, and ranking third in pork exports.
According to the ministry, the largest markets for beef are China, the United States, South Korea, and Japan. For chicken meat, major importers include Japan, China, Saudi Arabia, Sub-Saharan Africa, Mexico, Hong Kong, and the European Union. As for pork, the main markets are China, Mexico, Japan, South Korea, and the United States.