Brazilian beef import by Arab states up 18.4 pc
UAE, September 4, 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 grew 18.4 per cent in volume, while the revenues rose by 22.66 per cent to $732.705 million in the first half, compared to H1 of 2013.
According to the Arab-Brazilian Chamber of Commerce (ABCC), 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 $246,025 million in revenue, an increase of 34.96 per cent, while the volume grew by 33.32 per cent to reach 71,841 tonnes. Trade with Algeria, on the other hand, earned a revenue of $53.164 million, up by 27.65 per cent, while volume increased by 24.29 per cent to 11,371 tonnes. Beef exports to the UAE and Lebanon rose by 26.34 per cent to $46.670 million and 16.56 per cent to $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.” – TradeArabia News Service