Egg exports from Brazil drop 28% in October; revenue still grows

Egg exports from Brazil totaled 587 tonnes of eggs (fresh and processed) last month, a drop of 28.4% compared to October 2021, informs the Brazilian Association of Animal Protein (ABPA). On the other hand, revenue from shipments increased: growth was 26.6%, to US$ 1.725 million.

Year-to-date, from January to October, exports reached 8.65 thousand tonnes or 6.1% more than the same period last year, and revenue grew 52.3% to US$ 19.66 million.

The United Arab Emirates was the main buyer of Brazilian eggs in the first ten months of this year, with imports totaling US$ 5.52 million. Japan came in second with $5.08 million, followed by Qatar, the World Cup host country, with $1.784 million.

See below the track record of egg (hs 0407, 0408) exports from Brazil – in terms of TEUs – from Jan 2019 to Sep 2022. The data is from DataLiner.

Brazilian egg exports | Jan 2019 – Sep 2022 | TEUs

Source: DataLiner (click here to request a demo)

“International sales of eggs and by-products from Brazil are taking on a new shape, with a significant increase in the relevance of the Japanese market for the year’s results, just as Qatar has increased its demand in light of the soon-to-come large number of visitors with the international sporting event,” assesses Ricardo Santin, president of the ABPA.

Source: Valor Econômico

To read the full original article, please go to: https://valor.globo.com/agronegocios/noticia/2022/11/16/volume-das-exportacoes-de-ovos-caiu-28percent-em-outubro-mas-receita-cresceu.ghtml

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