Revenue from shipments of all types of meat last year generated US$2,571.4 million in revenue for Uruguay.
Exports of all types of meat during 2024 generated US$2,571.4 million in revenue for Uruguay, which represents a 3.6% drop compared to the revenue achieved a year earlier, reported the National Meat Institute (INAC).
Considering the volume, weight of shipment and also taking into account all meats, the volume shipped during 2024 was 3.1% lower than the volume in 2023.
In terms of value, the average in dollars per ton, the variation was minimal, with a decrease of 0.4% from 2023 to 2024.
The Average Export Income per ton determined that, for beef, in 2024 the value was 1.2% above that of 2023, while for sheep meat it was 5.8% higher.
ALL INAC NUMBERS
Exported tons – all meats (shipping weight):
- 681,827 tons in 2024
- 704,168 tons in 2023
- 695,272 tons in 2022
Export earnings - all meats:
- US$ 2,571.4 million in 2024
- US$ 2.667 billion in 2023
- US$ 3.21 billion in 2022
Average price per tonne - all meats:
- US$ 3,771 in 2024
- US$ 3,788 in 2023
- US$ 4,618 in 2022
Average export income per tonne - beef:
- US$ 4,225 in 2024
- US$ 4,174 in 2023
- US$ 4,937 in 2022
Average export income per tonne - sheep meat:
- US$ 4,006 in 2024
- US$ 3,787 in 2023
- US$ 4,859 in 2022
MEAT MARKETS
Main markets – all meats in 2024 – in dollars:
- China 32% of the total with US$ 823.1 million (year-on-year drop: 33.6%)
- USMCA 31% with US$ 787.8 million (increase of 32.2%)
- European Union 15% with 387.8 million (increase of 13.1%)
Main markets – beef in 2024 – in dollars:
- USMCA 34% with 701.3 million (increase of 49%)
- China 30% with 624.3% million (36.9% drop)
- European Union 17% with US$ 355.1 million (increase of 20.6%)
Main markets – sheep meat in 2024 – in dollars:
- Mercosur 37% with US$ 22.8 million (7.9% drop)
- China 22% with US$ 13.3 million (fall of 71.9%)
- Russian Federation 6% with US$ 3.4 million (increase of 83.6%)
PLACEMENTS BY ANIMAL SPECIES
Exports in 2024 by species (amount and volume weight of shipment):
- Beef US$ 2,089.6 million for 362,137 tons
- Sheep meat US$ 61.4 million for 13,071 tons
- Horse meat US$ 33.8 million for 7,691 tons
- Poultry meat US$ 0.69 million for 772 tons
- Pork US$ 0.11 million for 29 tons
