Latin America and the Caribbean: Frozen Pork Cut Market Overview 2021

Frozen Pork Cut Market Size in Latin America and the Caribbean

In 2020, the Latin American frozen pork cut market decreased by -X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Frozen Pork Cut Production in Latin America and the Caribbean

In value terms, frozen pork cut production expanded markedly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, production reached the maximum level in 2020 and is likely to continue growth in the near future.

The countries with the highest volumes of frozen pork cut production in 2020 were Brazil (X tonnes), Mexico (X tonnes) and Chile (X tonnes), together comprising X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of frozen pork cut production, amongst the main producing countries, was attained by Chile, while frozen pork cut production for the other leaders experienced more modest paces of growth.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of frozen pork cut production in 2020 were Brazil (X tonnes), Mexico (X tonnes) and Chile (X tonnes), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of frozen pork cut production, amongst the key producing countries, was attained by Chile, while frozen pork cut production for the other leaders experienced more modest paces of growth.

Frozen Pork Cut Exports

Exports in Latin America and the Caribbean

In 2020, approx. X tonnes of frozen hams, shoulders and cuts of pig meat were exported in Latin America and the Caribbean; increasing by X% on the previous year's figure. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The volume of export peaked in 2020 and is likely to see steady growth in years to come.

In value terms, frozen pork cut exports skyrocketed to $X in 2020. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are likely to continue growth in years to come.

Exports by Country

Chile was the main exporting country with an export of around X tonnes, which accounted for X% of total exports. Brazil (X tonnes) ranks second in terms of the total exports with a X% share, followed by Mexico (X%) and Argentina (X%).

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Argentina, while exports for the other leaders experienced more modest paces of growth.

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

In Chile, frozen pork cut exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+X% per year) and Mexico (+X% per year).

Export Prices by Country

The frozen pork cut export price in Latin America and the Caribbean stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the other leaders experienced mixed trends in the export price figures.

Frozen Pork Cut Imports

Imports in Latin America and the Caribbean

In 2020, the amount of frozen hams, shoulders and cuts of pig meat imported in Latin America and the Caribbean expanded significantly to X tonnes, growing by X% on the year before. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 in 2020 and are likely to continue growth in the immediate term.

In value terms, frozen pork cut imports rose notably to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

The countries with the highest levels of frozen pork cut imports in 2020 were Chile (X tonnes), Colombia (X tonnes) and the Dominican Republic (X tonnes), together recording X% of total import. Guatemala (X tonnes) ranks next in terms of the total imports with a X% share, followed by Panama (X%), Curacao (X%), Haiti (X%), British Virgin Islands (X%) and Cayman Islands (X%). El Salvador (X tonnes), Trinidad and Tobago (X tonnes), Saint Maarten (Dutch part) (X tonnes) and Peru (X tonnes) took a relatively small share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by British Virgin Islands (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Colombia ($X) and the Dominican Republic ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports. These countries were followed by Guatemala, Panama, El Salvador, Cayman Islands, Haiti, British Virgin Islands, Curacao, Saint Maarten (Dutch part), Trinidad and Tobago and Peru, which together accounted for a further X the main importing countries, British Virgin Islands (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The frozen pork cut import price in Latin America and the Caribbean stood at $X per tonne in 2020, standing approx. at the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The level of import peaked 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 Saint Maarten (Dutch part) ($X per tonne), while British Virgin Islands ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen hams, shoulders and cuts of pig meat in LatAmerica and the Caribbean?

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The countries with the highest volumes of frozen pork cut consumption in 2020 were Brazil (100K tonnes), Mexico (57K tonnes) and Argentina (25K tonnes), together accounting for 53% of total consumption. These countries were followed by Colombia, Venezuela, Peru, Chile, Cuba, Ecuador, the Dominican Republic, Guatemala, Haiti and Bolivia, which together accounted for a further 34%.

What are the largest producers of frozen hams, shoulders and cuts of pig meat in LatAmerica and the Caribbean?

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The countries with the highest volumes of frozen pork cut production in 2020 were Brazil (126K tonnes), Mexico (66K tonnes) and Chile (51K tonnes), together accounting for 63% of total production.

What are the leading exporters of frozen hams, shoulders and cuts of pig meat in LatAmerica and the Caribbean?

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In value terms, Chile ($119M) remains the largest frozen pork cut supplier in Latin America and the Caribbean, comprising 62% of total exports. The second position in the ranking was occupied by Brazil ($40M), with a 21% share of total exports. It was followed by Mexico, with a 10% share.

What are the leading importers of frozen hams, shoulders and cuts of pig meat in LatAmerica and the Caribbean?

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In value terms, the largest frozen pork cut importing markets in Latin America and the Caribbean were Chile ($17M), Colombia ($12M) and the Dominican Republic ($8.6M), with a combined 41% share of total imports. These countries were followed by Guatemala, Panama, El Salvador, Cayman Islands, Haiti, British Virgin Islands, Curacao, Saint Maarten (Dutch part), Trinidad and Tobago and Peru, which together accounted for a further 41%.

What is the average export price for frozen hams, shoulders and cuts of pig meat in LatAmerica and the Caribbean?

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In 2020, the frozen pork cut export price in Latin America and the Caribbean amounted to $2,189 per tonne, increasing by 24% against the previous year.

What is the average import price for frozen hams, shoulders and cuts of pig meat in LatAmerica and the Caribbean?

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The frozen pork cut import price in Latin America and the Caribbean stood at $1,956 per tonne in 2020, remaining stable against the previous year.

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