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Latin America and the Caribbean - Frozen Cuts Of Turkey - Market Analysis, Forecast, Size, Trends And Insights
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Latin America and the Caribbean: Frozen Turkey Cut Market Overview 2021

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Frozen Turkey Cut Market Size in Latin America and the Caribbean

The Latin American frozen turkey cut market expanded notably to $X in 2019, growing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Frozen Turkey Cut Production in Latin America and the Caribbean

In value terms, frozen turkey cut production rose significantly to $X in 2019 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. The level of production peaked at $X in 2016; however, from 2017 to 2019, production remained at a lower figure.

The country with the largest volume of frozen turkey cut production was Brazil (X tonnes), comprising approx. X% of total volume. Moreover, frozen turkey cut production in Brazil exceeded the figures recorded by the second-largest producer, Chile (X tonnes), fivefold. The third position in this ranking was occupied by Argentina (X tonnes), with a X% share.

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

Production By Country in Latin America and the Caribbean

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

In Brazil, frozen turkey cut production contracted by 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: Chile (+X% per year) and Argentina (+X% per year).

Frozen Turkey Cut Exports

Exports in Latin America and the Caribbean

In 2019, the amount of frozen cuts of turkey exported in Latin America and the Caribbean declined remarkably to X tonnes, which is down by -X% against the previous year's figure. In general, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, frozen turkey cut exports declined markedly to $X in 2019. Over the period under review, exports recorded a slight setback. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2019, exports remained at a lower figure.

Exports by Country

Brazil (X tonnes) and Chile (X tonnes) represented roughly X% of total exports of frozen cuts of turkey in 2019.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Chile.

In value terms, Chile ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2019, together accounting for X% of total exports.

Among the main exporting countries, Chile saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The frozen turkey cut export price in Latin America and the Caribbean stood at $X per tonne in 2019, surging by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne; afterwards, it flattened through to 2019.

Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was Chile ($X per tonne), while Brazil amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil.

Frozen Turkey Cut Imports

Imports in Latin America and the Caribbean

In 2019, overseas purchases of frozen cuts of turkey decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, frozen turkey cut imports shrank to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. The level of import peaked at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Mexico (X tonnes) represented the major importer of frozen cuts of turkey, creating X% of total imports. Peru (X tonnes) occupied the second position in the ranking, followed by Chile (X tonnes), Jamaica (X tonnes), the Dominican Republic (X tonnes) and Haiti (X tonnes). All these countries together took near X% share of total imports. Panama (X tonnes), Guatemala (X tonnes), Bahamas (X tonnes), Costa Rica (X tonnes), Colombia (X tonnes) and Trinidad and Tobago (X tonnes) took a relatively small share of total imports.

Imports into Mexico decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Peru (+X%), Colombia (+X%), Chile (+X%), Costa Rica (+X%), Jamaica (+X%), Bahamas (+X%), the Dominican Republic (+X%), Trinidad and Tobago (+X%) and Haiti (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. Guatemala experienced a relatively flat trend pattern. By contrast, Panama (-X%) illustrated a downward trend over the same period. While the share of Peru (+X p.p.), Chile (+X p.p.), Jamaica (+X p.p.), the Dominican Republic (+X p.p.), Costa Rica (+X p.p.) and Colombia (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Panama (-X p.p.) and Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported frozen cuts of turkey in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Chile ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2007 to 2019, 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: Chile (+X% per year) and Peru (+X% per year).

Import Prices by Country

The frozen turkey cut import price in Latin America and the Caribbean stood at $X per tonne in 2019, growing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2015 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Colombia ($X per tonne), while Jamaica ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuts of turkey in LatAmerica and the Caribbean?
+
Brazil (98K tonnes) constituted the country with the largest volume of frozen turkey cut consumption, comprising approx. 43% of total volume. Moreover, frozen turkey cut consumption in Brazil exceeded the figures recorded by the second-largest consumer, Argentina (27K tonnes), fourfold. The third position in this ranking was occupied by Mexico (27K tonnes), with a 12% share.
What are the largest producers of frozen cuts of turkey in LatAmerica and the Caribbean?
+
Brazil (132K tonnes) remains the largest frozen turkey cut producing country in Latin America and the Caribbean, accounting for 62% of total volume. Moreover, frozen turkey cut production in Brazil exceeded the figures recorded by the second-largest producer, Chile (28K tonnes), fivefold. Argentina (27K tonnes) ranked third in terms of total production with a 13% share.
What are the leading exporters of frozen cuts of turkey in LatAmerica and the Caribbean?
+
In value terms, Chile ($74M) and Brazil ($74M) constituted the countries with the highest levels of exports in 2019, with a combined 99% share of total exports.
What are the leading importers of frozen cuts of turkey in LatAmerica and the Caribbean?
+
In value terms, Mexico ($66M) constitutes the largest market for imported frozen cuts of turkey in Latin America and the Caribbean, comprising 38% of total imports. The second position in the ranking was occupied by Chile ($27M), with a 16% share of total imports. It was followed by Peru, with a 11% share.
What is the average export price for frozen cuts of turkey in LatAmerica and the Caribbean?
+
In 2019, the frozen turkey cut export price in Latin America and the Caribbean amounted to $2,510 per tonne, jumping by 21% against the previous year.
What is the average import price for frozen cuts of turkey in LatAmerica and the Caribbean?
+
The frozen turkey cut import price in Latin America and the Caribbean stood at $2,231 per tonne in 2019, picking up by 6.4% against the previous year.

Product coverage:
• Prodcom 10122055 - Frozen cuts of turkey

This report provides an in-depth analysis of the frozen turkey cut 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.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2007–2019
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 2007–2019
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
• Bermuda
• 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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Producing Animals, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
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, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Producing Animals, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Producing Animals, By Country, 2019
Figure 24:
Producing Animals, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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