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Since 2014, Venezuela’s total meat consumption has declined 57 percent due to prolonged economic downfall. Nevertheless, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector. In 2024, total per capita meat consumption is forecast to be 32.4 kilograms, growing 83 percent from its 2018 record low.
On June 27, 2024, the Egyptian Ministry of Trade and Industry signed Decree No. 361/2024. The Decree extended the shelf-life validity period for imported frozen beef liver from seven to twelve months and for frozen fish from six to ten months. The decree is valid for six months, as of July 1, 2024, and expires on December 31, 2024.
Egypt's economy is under pressure due to rising inflation and the impact of Russia's invasion of Ukraine -- Egyptian food prices are rising and U.S. dollars are increasingly hard to access.
Since 2013, Venezuela’s total meat consumption has declined 66 percent due to prolonged economic collapse. However, since 2019, an improved economic environment has led to stabilized beef production and significant growth in the poultry sector.
On June 26, 2023, Egypt’s Minister of Trade and Industry (MTI) signed Decree No. 233 /2023.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
In 2022, the Egyptian government announced that feed costs increased by 40 to 45 percent. Beef prices also increased by 15 to 20 percent, discouraging per capita consumption. Prices are expected to continue increasing in response to the ongoing devaluation of the Egyptian pound and complex import procedures. Imports of Indian water buffalo increased to reach 150 thousand MT, while Brazilian beef imports are still limited.
Total meat consumption in Venezuela has declined 68.9 percent since 2013 as a result of the economic collapse. However, a better economic environment since 2019 has led to a stabilization of beef production and significant growth in chicken production. In 2022, beef production is forecast to grow 5 percent from 2021 to 287,803 MT.