Brazil: The best half-year results for beef exports in history

In the first half of 2024, Brazil's beef exports saw a significant increase of 27.3% compared to the same period in 2023, reaching 1.29 million tons and generating revenue of US$ 5.69 billion, the highest since 2022. Asia accounted for 52% of the market, with the Middle East and North Africa showing the largest increase in Brazilian beef shipments. The United Arab Emirates saw a 238% increase in imports. Fresh beef made up 87.7% of the volume shipped, with China being the largest importer. Brazil is working to expand into new markets and increase its global leadership in beef exports, with a focus on countries like Japan, South Korea, Vietnam, and Turkey.

According to the report, in the first half of 2024, beef exports totaled 1.29 million tons, an increase of 27.3% compared to the same period in 2023 (1.019 million tons), which resulted in revenue of US$ 5.69 billion - an increase of 17%, compared to the first half of 2023 -, a value surpassed only in 2022, when first-half results totaled more than US$ 6.19 billion, in a pandemic scenario. In June 2024, exports totaled 220,184 tons, generating US$ 953.09 million, a slightly lower result than in the previous two months, when a record number of shipments was recorded. Asian countries accounted for 52% of the Brazilian beef market in the first half of the year. The largest markets by region were the Middle East and North Africa, which accounted for 20.8% of the total. This region saw the largest increases in Brazilian beef shipments in the first half of 2024 compared to the same period in 2023. There was a 91% increase in total shipments, totaling 120,000 more tons exported this ...