In 2030, Brazil will account for almost one third of world beef exports – USDA

RIO DE JANEIRO, BRAZIL – Brazil will be responsible for 29% of the world’s beef exports in 2030, according to the most recent report from the United States Department of Agriculture (USDA).

The document’s data indicate that the volume of Brazilian exports of the product should register an increase of 41.8% in the next nine years. Brazil will continue to be the leading beef exporter globally, followed by the USA, which will represent a share of 11.4% of the market.

According to the report, the increase in the volume of exports from Brazil should happen due to two factors: the higher global demand for beef and the stagnation of other countries in the exportation of the product.

According to the data, the United States and the European Union countries, the main competitors of Brazilian beef, should register stable export levels between 2021 and 2030.

To supply foreign demand, production in the country should also increase. According to the report, the Brazilian livestock sector produces about 10 million tons of the product annually.

In 2030, the expectation is that production will jump to approximately 12.4 million. Despite Brazil being the world’s largest beef exporter, the United States remains the largest producer of this type of product, with an annual production of approximately 13.3 million tons of protein.

The researcher of the Institute of Applied Economic Research (Ipea), Ana Cecília Kreter, points out that the internal market of the USA consumes more beef than the Brazilian population, which reduces the volume of product to be exported by the USA.

The livestock specialist explains that the economic factor is one of the main factors responsible for the lower demand for animal protein within Brazil.

“The domestic market in the United States has a preference for this type of protein. It is a cultural habit of both Americnas and Brazilians to eat a lot of meat. However, it is the purchasing power that defines which animal protein will be more consumed in our country.,” he said.

“We have seen, in the last quarter, an increase in the consumption of cheaper proteins, such as chicken and eggs. But, if this part of the population could, wouldn’t they prefer to eat better quality meat?” asked the Ipea economist.

PORK

The report points out that, by 2030, Brazil will be the third-largest exporter in the world in the ranking of pork exports, surpassing Canada.

Currently, the European Union and the United States occupy first and second place in exports. Canada is third, with 1.4 million tons exported in 2021, and Brazil is fourth, with 1.2 million tons.

The projection is that in 2030, Brazil will export 1.8 million tons, compared to the 1.7 million tons expected from Canada.