14 Nov 2023
Brazil projected to claim top spot for poultry exports in 2024
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The United States Department of Agriculture (USDA) predicts that global exports of chicken meat will increase by 2.91% to at least 14 million tons next year.
Brazil is expected to dominate this market with a projected 36% of worldwide exports, while the United States, the world’s second-largest chicken meat producer, will be responsible for 25%.
According to the USDA, chicken meat exports have only grown by 7% since 2019, with 4 of 11 countries experiencing a decline in exports. The United Kingdom saw a 44% decline, Argentina at 40%, the European Union at 20%, and Belarus at approximately 14%. In contrast, Russia, China, Thailand, and Turkey all saw an increase in their exports.
Despite the volume increase from these countries, Brazil is predicted to increase its chicken meat exports by 1.086 million tons over the next five years, representing a 27.5% addition. This increase will result in Brazil’s share in global chicken meat exports increasing by nearly 20% compared to 2019.
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