Brazil sets new beef export record

Brazil exported 319,000 tonnes of beef in September, a 30% increase compared to the same month last year, the Brazilian Association of Meatpackers (Abrafrigo) reported on Monday. The figure, based on data from the Foreign Trade Secretariat (SECEX), set a new record for the month.

Revenue from these exports also saw significant growth—rising 28% to $1.28 billion. According to Abrafrigo, the average price of beef exported in September was $4,035 per tonne, higher than in August and approaching the $4,073 per tonne recorded in September of last year.

In the first nine months of 2024, Brazil’s beef export volume grew 33.7%, reaching 2.34 million tonnes, while export revenues increased 21%, totaling $9.39 billion.

See below the top ten ports that stood out in terms of beef exports in the first eight months of this year in Brazil. The data is from DataLiner.

Top Beef Export Ports | 2024 | TEUs

Source: DataLiner (click here to request a demo)

China, traditionally the largest importer of Brazilian beef, once again topped the list of export destinations, receiving 932,300 tonnes between January and September, generating $4.11 billion in revenue.

However, China’s share of total exports, which stood at 49% in 2023, dropped to 39.7% this year. According to Abrafrigo, this decline reflects Brazil’s efforts to diversify its trading partners. The association highlighted the rise in shipments to Algeria, which received 34,200 tonnes; Mexico, with 32,200 tonnes; and Turkey, with 42,100 tonnes.

Brazil’s beef production is expected to reach approximately 10 million tonnes this year, with Abrafrigo projecting that 35% of this volume will be exported.

Source: Valor International

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