Chile: Turkey Meat Market 2024

Turkey Meat Market Size in Chile

The Chilean turkey meat market reduced rapidly to $X in 2022, waning by X% against the previous year. Overall, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Turkey Meat Production in Chile

In value terms, turkey meat production fell to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

The average yield of turkey meat in Chile declined to X kg per head in 2022, with a decrease of X% on 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The turkey meat yield peaked at X kg per head in 2021, and then reduced in the following year.

In 2022, number of animals slaughtered for turkey meat production in Chile expanded notably to X heads, increasing by X% on the previous year's figure. Over the period under review, the number of producing animals, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, this number reached the peak level at X heads in 2016; however, from 2017 to 2022, producing animals stood at a somewhat lower figure.

Turkey Meat Exports

Exports from Chile

After three years of decline, shipments abroad of turkey meat increased by X% to X tons in 2022. Overall, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, turkey meat exports surged to $X in 2022. In general, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for turkey meat exports from Chile, with a X% share of total exports. Moreover, turkey meat exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) remains the key foreign market for turkey meat exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average turkey meat export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a pronounced increase 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. The growth pace was the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to South Africa ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Meat Imports

Imports into Chile

In 2022, turkey meat imports into Chile contracted to X tons, declining by X% against 2021 figures. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, turkey meat imports soared to $X in 2022. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest turkey meat supplier to Chile, accounting for a X% share of total imports. Moreover, turkey meat imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Argentina (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of turkey meat to Chile, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Argentina (X% per year).

Import Prices by Country

The average turkey meat import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price enjoyed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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