Latin America and the Caribbean: Beef Market 2020

Beef Market Size in Latin America and the Caribbean

The revenue of the beef market in Latin America and the Caribbean amounted to $-X in 2017, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013, with an increase of X% against the previous year. The level of beef consumption peaked of $-X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Beef Exports in Latin America and the Caribbean

In 2017, beef exports in Latin America and the Caribbean amounted to X tons, picking up by X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2017, with an increase of X% against the previous year. In that year, the beef exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, beef exports totaled $X in 2017. The total exports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Beef Exports by Country in Latin America and the Caribbean

In 2017, Brazil (X tons) represented the key exporter for beef (cattle meat), creating X% of total exports. Paraguay (X tons) ranks second in terms of the global exports with a X% share, followed by Uruguay (X%), Mexico (X%) and Argentina (X%). Nicaragua (X tons) occupied the minor share of total exports.

Exports from Brazil increased at an average annual rate of +X% from 2007 to 2017. At the same time, Mexico (+X%), Paraguay (+X%), Nicaragua (+X%) and Uruguay (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Argentina (-X%) illustrated a downward trend over the same period. While the share of Argentina (X%) increased significantly in terms of the global exports from 2007-2017, the share of Nicaragua (-X%), Uruguay (-X%), Mexico (-X%), Brazil (-X%) and Paraguay (-X%) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest beef supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In Brazil, beef exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Uruguay (+X% per year) and Argentina (+X% per year).

Beef Export Prices by Country in Latin America and the Caribbean

In 2017, the beef export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. The level of export price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Argentina ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Beef Imports in Latin America and the Caribbean

In 2017, approx. X tons of beef (cattle meat) were imported in Latin America and the Caribbean; increasing by X% against the previous year. The beef imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when imports increased by X% against the previous year. In that year, the beef imports attained their peak volume of X tons. From 2011 to 2017, growth of the beef imports failed to regain its momentum.

In value terms, beef imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, the beef imports reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Beef Imports by Country in Latin America and the Caribbean

In 2017, Chile (X tons) and Mexico (X tons) represented the key importers of beef (cattle meat) in the globe, together recording near X% of total imports. It was distantly followed by Brazil (X tons), creating X% share of total imports. El Salvador (X tons), the Dominican Republic (X tons), Guatemala (X tons), Bahamas (X tons), Aruba (X tons) and Panama (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Panama (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest beef markets worldwide were Chile ($X), Mexico ($X) and Brazil ($X), with a combined X% share of total imports. El Salvador, the Dominican Republic, Guatemala, Bahamas, Panama and Aruba lagged somewhat behind, together comprising a further X%.

Among the main importing countries , Panama (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Beef Import Prices by Country in Latin America and the Caribbean

The beef import price in Latin America and the Caribbean stood at $X per ton in 2017, picking up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. Over the period under review, the import prices for beef (cattle meat) attained its peak figure level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Chile ($X per ton), while Aruba ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Aruba (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform