Brazil: Turkey Meat Market 2024

Turkey Meat Market Size in Brazil

The Brazilian turkey meat market contracted to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Turkey Meat Production in Brazil

In value terms, turkey meat production reduced to $X in 2022 estimated in export price. Overall, production recorded a slight downturn. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of turkey meat in Brazil stood at X kg per head, therefore, remained relatively stable against the previous year's figure. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by X% against the previous year. The turkey meat yield peaked at X kg per head in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure.

The number of animals slaughtered for turkey meat production in Brazil fell to X heads in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The number of animals slaughtered for turkey meat production peaked at X heads in 2021, and then contracted modestly in the following year.

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Turkey Meat Exports

Exports from Brazil

In 2022, overseas shipments of turkey meat increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, continue to indicate a pronounced decline. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, turkey meat exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a mild curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), South Africa (X tons) and Chile (X tons) were the main destinations of turkey meat exports from Brazil, with a combined X% share of total exports. Peru, the Netherlands, Angola, Benin, Equatorial Guinea, Congo, the Dominican Republic, Switzerland and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and South Africa ($X) appeared to be the largest markets for turkey meat exported from Brazil worldwide, together comprising X% of total exports. The Netherlands, Peru, the Dominican Republic, Benin, Angola, Equatorial Guinea, Congo, Switzerland and Russia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average turkey meat export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Brazil

In 2022, approx. X tons of turkey meat were imported into Brazil; declining by X% against the previous year's figure. In general, imports continue to indicate a abrupt descent. The smallest decline of X% was in 2013. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, turkey meat imports dropped sharply to $X in 2022. Overall, imports showed a dramatic decrease. The smallest decline of X% was in 2013. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) was the main turkey meat supplier to Brazil, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%.

In value terms, Germany ($X) constituted the largest supplier of turkey meat to Brazil.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%.

Import Prices by Country

In 2022, the average turkey meat import price amounted to $X per ton, remaining stable against the previous year. In general, the import price recorded a perceptible setback. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to X% per year.

Source: IndexBox Platform

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