Argentina, Paraguay, Uruguay expected to see decrease in beef exports in 2023

Based on data from the United States Department of Agriculture (USDA), a recent report from SAFRAS & Mercado indicates that the participation of Argentina, Paraguay, and Uruguay in global beef exports is expected to decrease in 2023 compared to the previous year.

It is expected that global beef shipments could reach 12.071 million tonnes this year, surpassing the 12.040 million tonnes shipped in 2022.

Argentina is expected to export 795 thousand tonnes of beef in 2023, down from 823 thousand tonnes last year.

Paraguay is expected to ship 445 thousand tonnes of beef, compared to the 462 thousand tonnes last year. Meanwhile, Uruguay is projected to export 485 thousand tons, down from the 513 thousand tonnes shipped last year.

See below a chart displaying the beef export trends from Argentina, Paraguay, and Uruguay between Jan 2019 and Feb 2023. The data is from DataLiner.

Beef exports from Argentina, Uruguay and Paraguay | Jan 2019 – Feb 2023 | TEUs

Source: DataLiner (click here to request a demo)

These countries are major players in the global beef industry and have traditionally held significant shares of the export market. However, the expected decrease in their export volumes for 2023 could significantly impact their economies, particularly for the farmers and exporters who rely on beef as a source of income.

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