November red meat exports totaled 258,601 metric heaps (mt), up 5% from a yr in the past and the perfect in six months. Export worth used to be up 2% to $737.4 million, the perfect since Would possibly 2021 and the 7th perfect on file. For January thru November, exports totaled 2.64 million mt, up 8% from a yr in the past, valued at $7.39 billion (up 5%).
November red meat exports to main marketplace Mexico set a worth file at $221.3 million, up 5% from the massive overall posted a yr in the past. Export quantity (100,313 mt) greater 14% and used to be the second one greatest on file, trailing most effective October 2023. Even with new providers to Mexico, the U.S. proportion of Mexico’s imported red meat marketplace greater in 2023, attaining 84%.
Led by means of remarkable enlargement in Honduras, Guatemala, and El Salvador, red meat exports to Central The united states set per thirty days quantity and worth data in November. Shipments greater 35% from a yr in the past to 16,565 mt, whilst worth surged 37% to $51.3 million.
November red meat exports to Colombia set a worth file at $34.3 million, up 59% from a yr in the past, whilst November quantity used to be the second one greatest on file at 12,148 mt (up 46%). The file efficiency in Colombia and powerful enlargement in Chile and Peru driven November red meat exports to South The united states to the biggest ranges in two years. Shipments greater 55% from a yr in the past to fifteen,056 mt, the 6th greatest on file, whilst worth jumped 58% to $43.2 million, the 3rd perfect on file. Exports to Chile have been the biggest in 11 years and exports to Peru have been the biggest since June.
Even if November red meat exports to the Dominican Republic have been relatively underneath the massive totals posted in 2022, per thirty days exports nonetheless surpassed 10,000 mt for simply the 5th time.
November used to be a very good month for red meat exports to South Korea, expanding 19% from a yr in the past to 17,406 mt, whilst worth used to be up 18% to $57.7 million. The U.S. proportion of Korea’s imports greater from 26% to 32%, because the Eu Union’s marketplace proportion declined.
Red meat exports to Oceania made an excellent rebound in 2023 and this development persevered in November, with shipments just about tripling from a yr in the past to six,414 mt (up 186%), whilst worth greater 128% to $23.3 million.
November red meat exports to Japan have been secure with the former yr at 26,890 mt, whilst worth greater relatively to $111.6 million.
Red meat exports to China/Hong Kong, which can be basically selection meat, trended considerably decrease in November, pushing January-November shipments 4% underneath the former yr’s tempo at 466,511 mt, whilst worth fell 6% to $1.18 billion.
January 10, 2024/ USMEF/ United States.
https://www.usmef.org