Usually phrases, the area as a complete is predicted to peer generalized expansion in beef manufacturing in 2024. Brazilian exports also are projected to extend considerably. As for imports, volumes are anticipated to be similar to the ones reached in 2023, and subsequently the rise in obvious intake will probably be in large part because of a better provide of native manufacturing and no longer because of imports, as has been the case lately.
Estimated expansion of key beef manufacturing variables for main Latin American international locations in 2024. Ready via 333 Latin The usa with information from FAS – USDA.
Regional consolidation
- Red meat manufacturing is predicted to succeed in 8.6 million heaps (Mt), an build up of three.6% in comparison to anticipated manufacturing in 2023 (8.3 Mt).
- Exports are anticipated to develop via 4.7%, with Brazil, Mexico, Chile, and Argentina accounting for over 2.1 Mt.
- The area’s imports are anticipated to extend via 0.9% and achieve round 2 Mt.
- Obvious intake is forecast to develop via 2.7%, from 8.3 Mt to eight.5 Mt.
Underneath is a breakdown of the projections for the main international locations within the area:
Brazil
- Red meat manufacturing is predicted to extend via 4.9% in comparison to 2023, from 4.6 Mt to 4.83 Mt. Export quantity is projected to succeed in 1.53 Mt, which represents an build up of five.5% in comparison to the former yr (1.45 Mt). Imports must quantity to 2000 heaps (t) and obvious intake would develop via 4.6%, attaining 3.3 Mt.
Mexico
- Manufacturing is predicted to succeed in 1.6 Mt, which might be 1.3% greater than the 2023 overall (1.58 Mt), thus keeping up the rustic’s place in 2d position in Latin American manufacturing quantity. Alternatively, imports are estimated to succeed in a quantity very similar to that of 2023 with 1.31 Mt, thus keeping up its place as the biggest importer within the area and the 3rd biggest on this planet. Exports are anticipated to develop via 1.9%, from 260,000 to 265,000 t, whilst obvious intake is predicted to extend via 0.6% to a complete of two.65 Mt.
Argentina
- Red meat manufacturing is predicted to extend via 5.0% with admire to the former yr, from 762,000 to 800,000 heaps. Exports are estimated at 8,000 t, which might constitute an build up of 60%, whilst imports would develop via 30.4%, consolidating 30,000 t. Obvious intake would build up via 5.4% and achieve 822,000 t.
Chile
- Chilean manufacturing is predicted to extend via 1.7% over 2023, from 585,000 to 595,000 heaps. Referring to world business, the entity tasks an build up of one.9% for exports (265,000 t) and three.0% for imports (170,000 t). Obvious intake is predicted to develop via 2.0% to 500,000 t.
Colombia
- Red meat manufacturing is predicted to succeed in 530,000 heaps, representing a lower of one.9% in comparison to the former yr (540,000 heaps). Alternatively, imports are anticipated to stay at a quantity very similar to that of 2023, at 140,000 t. Obvious intake is predicted to lower via 1.5%, attaining 670,000 t.
October 16, 2023/ 333 Latin The usa with information from USDA/ United States.
https://apps.fas.usda.gov/