April 11, 2024

Brazil's meat firms hit second-highest cattle slaughtering based on 2023 data

Brazilian meat companies processed unprecedented volumes of chicken and hogs and recorded the second-highest level of cattle slaughtering in history, according to 2023 data released last month by the national census bureau.

The new data from statistics agency IBGE confirmed that the South American nation, which is the world's biggest beef and chicken meat supplier and the fourth largest hog meat exporter, is well positioned to retain or expand its share of the global meat trade.

Brazilian meat companies serve hundreds of clients spanning the globe, with China and the Middle East being among key meat export destinations for the grain and meat production powerhouse.

IBGE said cattle slaughtering in Brazil, which commands about a fourth of the global beef trade, grew by almost 14% in 2023 to 34.06 million head, in continued expansion from 2022.

The country exported 2.01 million metric tonnes of fresh beef last year, an all-time record, IBGE said.

Brazil still boasts one of the world's largest cattle herds, with over 230 million head, according to IBGE data.

The country is likewise very competitive in the global chicken and hog meats trade, where it commands a 37% and a 13% share of total world sales, respectively, according to trade data compiled by meat lobby ABPA.

Chicken and hog slaughtering also hit record last year, totaling 6.28 billion and 57.17 million head respectively, IBGE said.

- Reuters