Latin America and the Caribbean: Fresh Chicken Cut Market Overview 2021

Fresh Chicken Cut Market Size in Latin America and the Caribbean

For the fifth year in a row, the Latin American fresh chicken cut market recorded growth in sales value, which increased by X% to $X in 2019. The total consumption indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2012 when the market value increased by X% against the previous year. The level of consumption peaked in 2019 and is likely to continue growth in the near future.

Fresh Chicken Cut Production in Latin America and the Caribbean

In value terms, fresh chicken cut production shrank slightly to $X in 2019 estimated in export prices. The total production indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2018, and then shrank slightly in the following year.

The country with the largest volume of fresh chicken cut production was Brazil (X tonnes), accounting for X% of total volume. Moreover, fresh chicken cut production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tonnes), fourfold. Colombia (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual growth rate of volume in Brazil stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Argentina (+X% per year) and Colombia (+X% per year).

Production By Country in Latin America and the Caribbean

Brazil (X tonnes) constituted the country with the largest volume of fresh chicken cut production, accounting for X% of total volume. Moreover, fresh chicken cut production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tonnes), fourfold. The third position in this ranking was occupied by Colombia (X tonnes), with a X% share.

In Brazil, fresh chicken cut production increased at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Argentina (+X% per year) and Colombia (+X% per year).

Fresh Chicken Cut Exports

Exports in Latin America and the Caribbean

In 2019, shipments abroad of fresh or chilled cuts of chicken was finally on the rise to reach X tonnes after three years of decline. Overall, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. The volume of export peaked at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, fresh chicken cut exports rose sharply to $X in 2019. In general, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2019, exports remained at a lower figure.

Exports by Country

In 2019, Brazil (X tonnes) and Chile (X tonnes) were the largest exporters of fresh or chilled cuts of chicken in Latin America and the Caribbean, together amounting to near X% of total exports. Jamaica (X tonnes) held the next position in the ranking, followed by Argentina (X tonnes). All these countries together held approx. X% share of total exports. The following exporters - Guatemala (X tonnes), Paraguay (X tonnes) and Panama (X tonnes) - together made up X% of total exports.

From 2007 to 2019, the biggest increases were in Jamaica, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Jamaica ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2019, with a combined X% share of total exports.

Jamaica recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The fresh chicken cut export price in Latin America and the Caribbean stood at $X per tonne in 2019, falling by -X% against the previous year. Export price indicated a perceptible expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, fresh chicken cut export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Jamaica ($X per tonne), while Paraguay ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Jamaica, while the other leaders experienced more modest paces of growth.

Fresh Chicken Cut Imports

Imports in Latin America and the Caribbean

In 2019, fresh chicken cut imports in Latin America and the Caribbean was estimated at X tonnes, increasing by X% on the previous year's figure. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, fresh chicken cut imports skyrocketed to $X in 2019. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The level of import peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

The purchases of the one major importers of fresh or chilled cuts of chicken, namely Mexico, represented more than two-thirds of total import.

Mexico was also the fastest-growing in terms of the fresh or chilled cuts of chicken imports, with a CAGR of +X% from 2007 to 2019. While the share of Mexico (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported fresh or chilled cuts of chicken in Latin America and the Caribbean.

In Mexico, fresh chicken cut imports expanded at an average annual rate of +X% over the period from 2007-2019.

Import Prices by Country

The fresh chicken cut import price in Latin America and the Caribbean stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for Mexico amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled cuts of chicken in LatAmerica and the Caribbean?

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The countries with the highest volumes of fresh chicken cut consumption in 2019 were Brazil (1.2M tonnes), Mexico (881K tonnes) and Argentina (350K tonnes), with a combined 56% share of total consumption. Colombia, Venezuela, Peru, Ecuador, Cuba, Guatemala, Chile, the Dominican Republic, Bolivia and Honduras lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of fresh or chilled cuts of chicken in LatAmerica and the Caribbean?

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Brazil (1.2M tonnes) remains the largest fresh chicken cut producing country in Latin America and the Caribbean, comprising approx. 32% of total volume. Moreover, fresh chicken cut production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (351K tonnes), fourfold. The third position in this ranking was occupied by Colombia (320K tonnes), with a 8.3% share.

What are the leading exporters of fresh or chilled cuts of chicken in LatAmerica and the Caribbean?

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In value terms, Chile ($558K), Jamaica ($334K) and Brazil ($293K) were the countries with the highest levels of exports in 2019, with a combined 80% share of total exports.

What are the leading importers of fresh or chilled cuts of chicken in LatAmerica and the Caribbean?

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In value terms, Mexico ($473M) constitutes the largest market for imported fresh or chilled cuts of chicken in Latin America and the Caribbean.

What is the average export price for fresh or chilled cuts of chicken in LatAmerica and the Caribbean?

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In 2019, the fresh chicken cut export price in Latin America and the Caribbean amounted to $2,222 per tonne, shrinking by -19.4% against the previous year.

What is the average import price for fresh or chilled cuts of chicken in LatAmerica and the Caribbean?

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In 2019, the fresh chicken cut import price in Latin America and the Caribbean amounted to $844 per tonne, growing by 15% against the previous year.