once the “other country” Tariff Rate Quota (TRQ) is met. However, Brazil will encounter sharply higher tariff rates in 2022 for exports to the U.S. increased by 131% in 2021 and are sharply higher thus far in 2022, following increased Brazilian market access for fresh product in early 2021. After disruptions in 2021, Brazil is again exporting beef to China/Hong Kong. Brazil is projected to account for 22% of global beef exports this year. Brazil has been the largest beef exporting country for the last five years consecutively and the largest in 14 of last 20 years after first becoming the largest exporting country in 2004. Global beef trade is projected to continue expanding to new record levels in 2022.īrazil is projected to be the largest beef exporting country again in 2022 with exports forecast to increase 12.1% year-over-year.
Global beef production is projected to expand in 2022 with increased production in Brazil, China, India, Australia and Mexico offsetting decreased production in the U.S., Canada, the European Union (E.U.) and Argentina.
These reports provide the most current assessment of the global livestock and poultry market situation. In recent weeks, the USDA Foreign Agricultural Service has posted numerous country reports from beef producing, consuming and trading countries, culminating in the April release of the Livestock and Poultry: World Markets and Trade report.
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