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Latin America and the Caribbean - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Beef Market Overview 2021

Beef Market Size in Latin America and the Caribbean

The Latin American beef market rose modestly to $X in 2020, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Beef Production in Latin America and the Caribbean

In value terms, beef production reached $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Brazil (X tonnes) remains the largest beef producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, beef production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tonnes), threefold. Mexico (X tonnes) ranked third in terms of total production with a X% share.

In Brazil, beef production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Argentina (-X% per year) and Mexico (+X% per year).

In 2020, the average beef yield in Latin America and the Caribbean totaled X kg per head, surging by X% against 2019. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the yield increased by X% year-to-year. The level of yield peaked in 2020 and is expected to retain growth in the immediate term.

In 2020, approx. X heads of animals slaughtered for beef production in Latin America and the Caribbean; almost unchanged from 2019 figures. Overall, the number of producing animals saw a slight downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2007; however, from 2008 to 2020, producing animals failed to regain the momentum.

Production By Country in Latin America and the Caribbean

Brazil (X tonnes) remains the largest beef producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, beef production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tonnes), threefold. The third position in this ranking was occupied by Mexico (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Brazil was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Argentina (-X% per year) and Mexico (+X% per year).

Beef Exports

Exports in Latin America and the Caribbean

Beef exports stood at X tonnes in 2020, with an increase of X% on 2019. Total exports indicated a moderate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, beef exports reached $X in 2020. Total exports indicated a strong expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

Exports by Country

Brazil was the major exporter of beef (cattle meat) in Latin America and the Caribbean, with the volume of exports recording X tonnes, which was approx. X% of total exports in 2020. It was distantly followed by Argentina (X tonnes), Uruguay (X tonnes), Mexico (X tonnes) and Paraguay (X tonnes), together committing a X% share of total exports. Nicaragua (X tonnes) took a minor share of total exports.

Exports from Brazil increased at an average annual rate of +X% from 2007 to 2020. At the same time, Mexico (+X%), Argentina (+X%), Nicaragua (+X%), Paraguay (+X%) and Uruguay (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. While the share of Mexico (+X p.p.) and Argentina (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Uruguay (-X p.p.) and Brazil (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Brazil totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (+X% per year) and Uruguay (+X% per year).

Export Prices by Country

In 2020, the beef export price in Latin America and the Caribbean amounted to $X per tonne, waning by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. The level of export peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Mexico ($X per tonne) and Uruguay ($X per tonne), while Brazil ($X per tonne) and Argentina ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Uruguay, while the other leaders experienced more modest paces of growth.

Beef Imports

Imports in Latin America and the Caribbean

After two years of growth, supplies from abroad of beef (cattle meat) decreased by -X% to X tonnes in 2020. Over the period under review, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, beef imports declined sharply to $X in 2020. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

Chile represented the major importing country with an import of about X tonnes, which amounted to X% of total imports. It was distantly followed by Mexico (X tonnes), Brazil (X tonnes), El Salvador (X tonnes) and Uruguay (X tonnes), together constituting a X% share of total imports. The following importers - Guatemala (X tonnes), Argentina (X tonnes), Costa Rica (X tonnes), Peru (X tonnes) and the Dominican Republic (X tonnes) - together made up X% of total imports.

From 2007 to 2020, the biggest increases were in Argentina, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Mexico ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2020, together comprising X% of total imports. These countries were followed by El Salvador, Uruguay, Guatemala, Costa Rica, Peru, the Dominican Republic and Argentina, which together accounted for a further X recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The beef import price in Latin America and the Caribbean stood at $X per tonne in 2020, growing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the import price increased by X% year-to-year. Over the period under review, import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Mexico ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Uruguay, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in LatAmerica and the Caribbean?
+
Brazil (8.6M tonnes) remains the largest beef consuming country in Latin America and the Caribbean, comprising approx. 51% of total volume. Moreover, beef consumption in Brazil exceeded the figures recorded by the second-largest consumer, Argentina (2.6M tonnes), threefold. The third position in this ranking was occupied by Mexico (1.9M tonnes), with a 11% share.
What are the largest producers of beef (cattle meat) in LatAmerica and the Caribbean?
+
The country with the largest volume of beef production was Brazil (10M tonnes), comprising approx. 53% of total volume. Moreover, beef production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (3.1M tonnes), threefold. The third position in this ranking was occupied by Mexico (2.1M tonnes), with a 11% share.
What are the leading exporters of beef (cattle meat) in LatAmerica and the Caribbean?
+
In value terms, Brazil ($7.4B) remains the largest beef supplier in Latin America and the Caribbean, comprising 50% of total exports. The second position in the ranking was occupied by Argentina ($2.7B), with a 18% share of total exports. It was followed by Uruguay, with a 11% share.
What are the leading importers of beef (cattle meat) in LatAmerica and the Caribbean?
+
In value terms, the largest beef importing markets in Latin America and the Caribbean were Chile ($617M), Mexico ($480M) and Brazil ($202M), together accounting for 65% of total imports. These countries were followed by El Salvador, Uruguay, Guatemala, Costa Rica, Peru, the Dominican Republic and Argentina, which together accounted for a further 26%.
What is the average export price for beef (cattle meat) in LatAmerica and the Caribbean?
+
The beef export price in Latin America and the Caribbean stood at $4,556 per tonne in 2020, reducing by -1.9% against the previous year.
What is the average import price for beef (cattle meat) in LatAmerica and the Caribbean?
+
In 2020, the beef import price in Latin America and the Caribbean amounted to $5,145 per tonne, surging by 3.1% against the previous year.

Product coverage:
• FCL 947 - Buffalo meat
• FCL 867 - Meat of cattle

This report provides an in-depth analysis of the beef market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Producing Animals, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Producing Animals, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Producing Animals, By Country, 2020
Figure 24:
Producing Animals, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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