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Argentinean Beef Exports Up - Still Below 2004-07 Levels

23 January 2014
Meat & Livestock Australia

ARGENTINA - Argentinean beef exports recovered in 2013, with shipments up 14 per cent year-on-year, at 135,697 tonnes according to figures from IPCVA – Argentinean Beef Promotion Institute.

This was the highest yearly volume for the past three years, but still behind shipments in the 2004-07 period, when annual exports averaged 344,529 tonnes according to analysts at Meat and Livestock Australia.

Exports in 2013 were assisted by the significant depreciation of the Argentinean Peso, which averaged 18US¢ (down 16 per cent year-on-year, and 29 per cent below the five-year average), combined with higher beef production.

Although, the shipped volume in 2013 only represented seven per cent of total production.

Beef exports to Chile rose 11 per cent year-on-year, to 31,127 tonnes, and remained the major destination for Argentinean Beef, accounting for 23 per cent of total exports.

Shipments to Russia increased 62 per cent, to 14,868 tonnes, followed by China, totalling 11,288 tonnes, Morocco (4,134 tonnes) and Hong Kong (2,453 tonnes).

In contrast, exports to Germany declined by five per cent year-on-year, to 21,819 tonnes, however, remained the second major market for Argentina.

Total beef export values declined 1 per cent, totalling US$1.03 billion in 2013, with Germany the highest value market, despite the decline in the volume shipped.

TheMeatSite News Desk

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