October 20, 2003

 

 

US 2004 Beef Exports Project At 1.207 Million MT, Imports At 1.556 Million MT

 

The U.S. Department of Agriculture projected Friday, U.S. exports of beef and veal in 2004

would increase 1.3% to 1.207 million tons and imports would increase 18.7% to 1.556 million tons.

 

MAJOR EXPORTERS:

 

Australia, the world's largest exporter of beef, is expected to expand exports 4.0% to 1.3 million metric tons in 2004.

 

Beef export projections in 2004 for Brazil are up 20.2% to 1,370,000 metric tons.

 

USDA predicts Canada will increase exports of beef by 44.7% to 615,000 metric tons.

 

MAJOR IMPORTERS:

 

Japan, the world's second largest leading importer of beef, is is estimated to increased imports by 4.0% to 1.3 million metric tons in 2004.

 

          *                    *                   *

In 1,000 metric tons (carcas weight equivalent). 2004 data is projected, 2003 data is preliminary and 2002 data is final. Percent changes are from the previous year. (a) denotes includes buffalo. (b) denotes for 2004, Columbia, Costa Rica, Dominican Republic, El Salvador, Honduras, Nicaraqua and Venezuela are dropped from the data base.

 

Source: USDA Foreign Agriculture Service.

 

EXPORTS

Country          2004   % chg    2003   % chg    2002   % chg

Australia        1,300       4.0    1,250     -8.4    1,365     -2.4

Brazil            1,370      20.2    1,140     29.4      881    17.8

Canada           615       44.7      425    -30.3      610      6.1

N Zealand        535        0.0      535       6.4      503     -2.5

EU                  440       -3.5       456   -10.9       512   -11.0

India (a)         520       11.8       465      1.8       416    12.4

Argentina        350        6.1       330     -5.2       348   107.1

Uruguay          330        5.1       314    21.2       259     78.6

Ukraine           155        3.3       150      2.7       146     49.0

Rep of China     38       -5.0         40     -9.1        44    -26.7

Others (b)         74     -28.2       103   -46.4       192     46.6

  Ttl Foreign  5,727      10.0     5,208    -1.3     5,276    10.3

  Ttl US         1,207       1.3     1,192     7.4     1,110      7.9

  Ttl World     6,934       8.3     6,400     0.2     6,386      9.9

 

IMPORTS

Country          2004   % chg    2003   % chg    2002   % chg

Japan               885       7.3      825      16.7      707    -29.1

Russian Fed      705       0.7      700        9.7      638     -1.8

EU                   530       1.9      520        0.4      518     25.4

Mexico             510       2.0      500        2.2      489     14.8

Rep of Korea    435       1.2      430        0.0      430     74.8

Canada            250    -10.7      280       -8.8     307       2.7

Egypt               100       0.0      100     -38.3     162      19.1

Phillipines         125       4.2      120       -4.8     126      21.2

Taiwan              97        4.3       93        4.5       89       14.1

Brazil                80      14.3       70     -10.3       78       77.3

Others (b)        189      -6.4      202      -9.8      224       3.7

  Ttl Foreign   3,906       1.7    3,840       1.9   3,768       4.4

  Ttl US          1,556     18.7    1,311    -10.2   1,460       1.7

  Ttl World      5,462      6.0    5,151      -1.5   5,228       3.6

 

 

Source: USDA