Latin America and the Caribbean: Bacon And Ham Market 2022

Bacon And Ham Market Size in Latin America and the Caribbean

In 2021, the Latin American bacon and ham market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Bacon And Ham Production in Latin America and the Caribbean

In value terms, bacon and ham production totaled $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of in 2021 were Brazil (X tons), Mexico (X tons) and Peru (X tons), together accounting for X% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Brazil (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Bacon And Ham Exports

Exports in Latin America and the Caribbean

In 2021, the amount of bacon, ham and other dried, salted or smoked pig meat exported in Latin America and the Caribbean reduced notably to X tons, shrinking by -X% compared with the previous year's figure. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, bacon and ham exports shrank modestly to $X in 2021. Over the period under review, exports showed a perceptible downturn. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of bacon, ham and other dried, salted or smoked pig meat, namely Mexico, Brazil and El Salvador, represented more than two-thirds of total export. Costa Rica (X tons), Argentina (X tons) and Barbados (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were in Barbados (with a CAGR of +X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X), Brazil ($X) and El Salvador ($X) were the countries with the highest levels of exports in 2021, together comprising X% of total exports. Argentina, Costa Rica and Barbados lagged somewhat behind, together accounting for a further X the main exporting countries, Barbados, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+X%), while the other leaders experienced mixed trends in the export price figures.

Bacon And Ham Imports

Imports in Latin America and the Caribbean

In 2021, the amount of bacon, ham and other dried, salted or smoked pig meat imported in Latin America and the Caribbean contracted to X tons, reducing by -X% compared with the previous year. Overall, imports saw a perceptible decrease. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, bacon and ham imports surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Mexico represented the largest importing country with an import of around X tons, which accounted for X% of total imports. Trinidad and Tobago (X tons) held the second position in the ranking, followed by Brazil (X tons), Chile (X tons) and Belize (X tons). All these countries together occupied near X% share of total imports. The following importers - Bahamas (X tons), the Dominican Republic (X tons), Panama (X tons), Barbados (X tons), Curacao (X tons), Guatemala (X tons), Costa Rica (X tons) and Grenada (X tons) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to bacon and ham imports into Mexico stood at -X%. At the same time, Panama (+X%), Chile (+X%), the Dominican Republic (+X%), Brazil (+X%), Belize (+X%), Guatemala (+X%) and Trinidad and Tobago (+X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. Barbados, Costa Rica and Curacao experienced a relatively flat trend pattern. By contrast, Grenada (-X%) and Bahamas (-X%) illustrated a downward trend over the same period. While the share of Brazil (+X p.p.), Chile (+X p.p.), Trinidad and Tobago (+X p.p.), Belize (+X p.p.), Panama (+X p.p.) and the Dominican Republic (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported bacon, ham and other dried, salted or smoked pig meat in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico totaled -X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Chile (+X% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. 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 importing countries. In 2021, the country with the highest price was Chile ($X per ton), while Belize ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Grenada (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform