Beef exports grew in 1Q22, with the US buying 1/4 of the value of Chinese importsMay, 13, 2022 Posted by Gabriel Malheiros
Beef exports continued to accelerate in April and concluded the 1st quarter of the year, with the United States surpassing 244% of what they acquired in the same months of 2021, reaching almost 1/4 of what China bought.
With last month’s total shipments of 186.6 thousand tonnes (+22% from 2021), and US$ 1.1 billion in revenue (+56%), the aggregate of 2022 followed suit with revenue well above volumes.
According to Abrafrigo, which traditionally discloses data based on official Secex figures, the increase in revenue was 59%, while the volume of beef exported grew only 30%.
Respectively, R$ 4.007 billion and 732.2 thousand/t.
During this period, the Chinese, always the leaders, took 344,400/t and the US, 79,100/t, steadily moving away from Egypt, the third-largest importer.
See below the track record of Brazilian exports of beef to China and Hong Kong from January 2021 to March 2022. These data are from Datamar’s DataLiner.
Brazilian beef (HS 0202) Exports to China and Hong Kong | 2021 – 2022 | WTMT
Source: Money Times
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