December beef exports climbed just about 10% from a 12 months in the past to 268,399 metric lots (mt), the most important since Might 2021 and the 8th biggest on list. Export worth greater 11% to $765.8 million, additionally the best possible since Might 2021 and the 3rd best possible on list. Whilst December exports trended upper in lots of key markets, Mexico was once as soon as once more the megastar performer, atmosphere information for each quantity (105,451 mt) and price ($233.8 million).
The sturdy December effects driven 2023 export worth to a list $8.16 billion, up 6% from 2022. Export worth in step with head slaughtered additionally set an annual list of just about $64. Export quantity was once 2.91 million mt, up 8% year-over-year and the 3rd biggest on list.
Fueled via tough expansion in Honduras, Guatemala, El Salvador, Nicaragua and Costa Rica, December beef exports to Central The united states climbed 20% to a list 18,121 mt, valued at a list $53.3 million (up 19%). 2023 exports have been the second one biggest on list at 137,469 mt, up 15% from 2022 and down simply 1.5% from the 2021 list. Export worth greater 20% year-over-year to $405.7 million, an annual list.
December beef exports to South Korea surged 64% from a 12 months in the past to 23,912 mt – the most important in additional than 4 years. Export worth climbed 69% to $81.9 million, the best possible in additional than 5 years and the 3rd best possible on list. Those effects driven 2023 exports 9% above the former 12 months at 191,262 mt, the 3rd biggest on list. Export worth greater 4% to $633.4 million, the second one best possible on list.
Led via superb expansion in Chile and Peru and a fourth quarter rebound in main marketplace Colombia, beef exports to South The united states greater 2% in quantity (118,660 mt) and 10% in worth ($340.6 million) over 2022. After a gradual begin to the 12 months, shipments to Colombia regained momentum and reached 98,876 mt, down 3% year-over-year, whilst worth greater 10% to a list $272 million. Exports to Chile climbed 39% to fifteen,733 mt, valued at $53.1 million (up 11%), whilst shipments to Peru greater 23% to two,298 mt, valued at $6.5 million (up 17%).
Led via upper volumes to the Philippines and Vietnam and surging call for in Malaysia, beef exports to the ASEAN reached 64,158 mt in 2023, up 22% year-over-year. Export worth declined moderately, falling 4% to $150 million. Exports to Malaysia, the place ASF has weighed closely on home manufacturing, soared via just about 1,700% to five,170 mt, valued at $16.3 million (up greater than 1,500%). Malaysia’s imports of Eu beef have been additionally record-large, topping 44,000 mt thru November.
Despite the fact that beef exports to Japan trended modestly decrease in 2023, December shipments greater 9% year-over-year to 26,826 mt, valued at $111.5 million (up 11%). For the total 12 months, exports declined 4% to 342,163 mt. Whilst export worth fell 5% to $1.4 billion, Japan is the second one best possible worth vacation spot for U.S. beef, trailing handiest Mexico.
February 8, 2024/ USMEF/ United States.
https://www.usmef.org