The U.S Division of Agriculture is forecasting Brazil rooster meat exports will rise by 4% in 2023 on agency demand in key markets and manufacturing challenges by key opponents. Extremely pathogenic avian influenza outbreaks in North America and Europe, rising power prices within the EU, and manufacturing disruptions within the Ukraine have decreased opponents’ exportable provides and value competitiveness, USDA famous, including that the occasions “allow Brazil to learn from agency international demand as customers search decrease priced animal protein amid inflation of meals costs.”
Additional, Brazil ships all kinds of merchandise (together with entire birds and breast cuts) to service a broad vary of markets. For instance, Brazil is a strong provider of halal merchandise to the Center East which is forecast to have robust demand in 2023. Brazil will stay the world’s prime exporter, accounting for over one-third of worldwide shipments.
USDA is forecasting Brazil beef exports will rise 1%. Additional, the nation will keep its place as prime exporter, accounting for roughly 25% of beef exports by main merchants.
China is predicted to stay Brazil’s largest market regardless of decrease complete beef imports as a consequence of elevated home provides. USDA stated Argentina and Uruguay, Brazil’s important opponents in China, may have tighter provides of cattle, limiting their exportable provides. Moreover, Brazil exports solely frozen boneless beef to China and at extra aggressive costs than New Zealand and Australia making its shipments extra engaging amid the financial slowdown, USDA stated. Along with China, Brazil shipments to Center East and Southeast Asia markets are anticipated to climb as India’s exports are anticipated to be stagnant.
On the pork facet, USDA expects Brazil to keep up its place because the world’s fourth-largest pork exporter in 2023 with an approximate 10-percent market share. Brazil pork exports are estimated to rise by 3% on strong exports to South America and Southeast Asia, together with the Philippines the place African swine fever constrains manufacturing. USDA stated China will stay Brazil’s prime vacation spot, however China’s complete pork imports are anticipated to fall as a consequence of rising home provides.
