In 2023, Brazil's beef meat export volume stood at 2.08 million metric tons. Looking forward, forecasts show a steady increase with expected volumes reaching 2.14 million metric tons by 2028. This represents modest year-on-year growth, particularly noticeable between 2023 and 2024, marking a rebound from potential market fluctuations. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates consistent, albeit slight, expansion at an average rate.
Future trends to watch for include:
- Potential shifts in global demand, especially from major importers such as China.
- Impact of sustainability practices and regulations on production efficiency and cost.
- Currency fluctuations and their effects on export competitiveness.
- Changes in trade agreements affecting market access or tariffs.