Revenue for H1 2014 increases 22.66 per cent to reach USD 732.705 million
Egypt, September 3, 2014 – The countries in the Middle East and North Africa (MENA) region imported 114,039 tonnes of beef from Brazil during the first half (H1) of 2014. According to the latest statistics released by the Association of Brazilian Beef Exporters (ABIEC), the growth in beef trade between Brazil and the Arab countries reflect an increase of 18.4 per cent in volume while the revenues rose by 22.66 per cent to USD 732.705 million from H1 of 2013. According to Arab-Brazilian Chamber of Commerce (ABCC), the Arab countries have emerged as a major market for Brazilian beef.
Among the Arab nations, the volume of beef export increased the most to Egypt during H1 2014, followed by Algeria and the UAE. The export to Egypt generated USD 246,025 million in revenue, an increase of 34.96 per cent, while volume grew by 33.32 per cent to reach 71,841 tonnes. Trade with Algeria, on the other hand, earned revenue of USD 53.164 million, up by 27.65 per cent, while volume increased by 24.29 per cent to 11,371 tonnes. Lastly, the exports to the UAE and Lebanon rose by 26.34 per cent to USD 46.670 million and 16.56 per cent to USD 43.653 million, respectively. While the volume of trade with the UAE rose by 28.88 per cent to 9,614 tonnes, it increased 12.33 per cent to reach 8,361 tonnes with Lebanon.
Michel Alaby, General Secretary and CEO, Arab-Brazilian Chamber of Commerce, said: “The increase in Brazilian beef trade to the MENA region was a consequence of market opportunities, higher consumption and higher income. Brazil has established a strong foothold in the Arab World due to its quality product, strict adherence to halal process, and attractive packaging and pricing. The Arab-Brazilian Chamber of Commerce remains committed to support trade relations between the region and Brazil by facilitating opening up of more trading options for further growth.”
Globally, Brazil exported 762,000 tonnes of beef, a growth of 12.7 per cent and earning USD 3.4 billion in revenue, up by 13.3 per cent from H1 2013. The leading buyers of Brazilian beef for the period were Hong Kong, Russia and Venezuela.
Originally published on www.zawya.com