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Latin America and the Caribbean - Meat - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Meat Market Overview 2020

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Meat Market Size in Latin America and the Caribbean

The Latin American meat market amounted to $X in 2019, remaining constant against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Meat Production in Latin America and the Caribbean

In value terms, meat production totaled $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.

Brazil (X tonnes) constituted the country with the largest volume of meat production, comprising approx. X% of total volume. Moreover, meat 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 Mexico (X tonnes), with a X% share.

In Brazil, meat production remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Argentina (+X% per year) and Mexico (+X% per year).

The average meat yield was estimated at X kg per head in 2019, remaining constant against the previous year. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. The level of yield peaked in 2019 and is expected to retain growth in years to come.

In 2019, number of animals slaughtered for meat production in Latin America and the Caribbean stood at X heads, standing approx. at 2018 figures. In general, the number of producing animals saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of producing animals peaked in 2019 and is likely to see steady growth in the near future.

Production By Country in Latin America and the Caribbean

The country with the largest volume of meat production was Brazil (X tonnes), accounting for X% of total volume. Moreover, meat production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tonnes), fourfold. Mexico (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 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).

Meat Exports

Exports in Latin America and the Caribbean

For the fourth consecutive year, LatAmerica and the Caribbean recorded growth in overseas shipments of meat, which increased by X% to X tonnes in 2019. Total exports indicated a pronounced expansion from 2007 to 2019: its volume 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, exports increased by +X% against 2011 indices. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. The volume of export peaked in 2019 and is likely to see steady growth in years to come.

In value terms, meat exports stood at $X in 2019. Total exports indicated a prominent 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, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. The level of export peaked in 2019 and is likely to see steady growth in years to come.

Exports by Country

In 2019, Brazil (X tonnes) represented the key exporter of meat, making up X% of total exports. It was distantly followed by Argentina (X tonnes), Mexico (X tonnes), Uruguay (X tonnes), Paraguay (X tonnes) and Chile (X tonnes), together creating a X% share of total exports. Nicaragua (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to meat exports from Brazil stood at +X%. At the same time, Mexico (+X%), Paraguay (+X%), Nicaragua (+X%), Chile (+X%), Argentina (+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 2007-2019. While the share of Brazil (+X p.p.), Mexico (+X p.p.), Paraguay (+X p.p.), Argentina (+X p.p.) and Chile (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, meat exports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (+X% per year) and Mexico (+X% per year).

Export Prices by Country

In 2019, the meat export price in Latin America and the Caribbean amounted to $X per tonne, growing 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 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 2019, export prices remained at a lower figure.

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

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

Meat Imports

Imports in Latin America and the Caribbean

In 2019, after seven years of growth, there was significant decline in overseas purchases of meat, when their volume decreased by -X% to X tonnes. Total imports indicated pronounced growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. The volume of import peaked at X tonnes in 2018, and then contracted in the following year.

In value terms, meat imports dropped to $X in 2019. Total imports indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Mexico (X tonnes) was the major importer of meat, creating X% of total imports. It was distantly followed by Chile (X tonnes) and Colombia (X tonnes), together mixing up a X% share of total imports. Uruguay (X tonnes), the Dominican Republic (X tonnes), Argentina (X tonnes), Brazil (X tonnes), El Salvador (X tonnes), Guatemala (X tonnes) and Honduras (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to meat imports into Mexico stood at +X%. At the same time, Colombia (+X%), the Dominican Republic (+X%), Chile (+X%), Uruguay (+X%), Guatemala (+X%), Honduras (+X%), Argentina (+X%), El Salvador (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. Chile (+X p.p.), Mexico (+X p.p.), Colombia (+X p.p.), Uruguay (+X p.p.), the Dominican Republic (+X p.p.) and Guatemala (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Chile ($X) and Brazil ($X) were the countries with the highest levels of imports in 2019, together accounting for X% of total imports. Colombia, Uruguay, El Salvador, Guatemala, Argentina, the Dominican Republic and Honduras lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of imports, in terms of 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 meat import price in Latin America and the Caribbean stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

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

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for meat in LatAmerica and the Caribbean?
+
The country with the largest volume of meat consumption was Brazil (12M tonnes), comprising approx. 45% of total volume. Moreover, meat consumption in Brazil exceeded the figures recorded by the second-largest consumer, Mexico (4.1M tonnes), threefold. The third position in this ranking was occupied by Argentina (3.5M tonnes), with a 13% share.
What are the largest producers of meat in LatAmerica and the Caribbean?
+
Brazil (14M tonnes) constituted the country with the largest volume of meat production, comprising approx. 49% of total volume. Moreover, meat production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (3.9M tonnes), fourfold. The third position in this ranking was occupied by Mexico (3.7M tonnes), with a 13% share.
What are the leading exporters of meat in LatAmerica and the Caribbean?
+
In value terms, Brazil ($8B) remains the largest meat supplier in Latin America and the Caribbean, comprising 49% of total exports. The second position in the ranking was occupied by Argentina ($2.2B), with a 13% share of total exports. It was followed by Mexico, with a 12% share.
What are the leading importers of meat in LatAmerica and the Caribbean?
+
In value terms, the largest meat importing markets in Latin America and the Caribbean were Mexico ($1.8B), Chile ($1.3B) and Brazil ($248M), with a combined 69% share of total imports. These countries were followed by Colombia, Uruguay, El Salvador, Guatemala, Argentina, the Dominican Republic and Honduras, which together accounted for a further 19%.
What is the average export price for meat in LatAmerica and the Caribbean?
+
In 2019, the meat export price in Latin America and the Caribbean amounted to $4,127 per tonne, surging by 2.5% against the previous year.
What is the average import price for meat in LatAmerica and the Caribbean?
+
The meat import price in Latin America and the Caribbean stood at $2,985 per tonne in 2019, rising by 5.7% against the previous year.

Product coverage:
• FCL 1108 - Meat of asses
• FCL 947 - Buffalo meat
• FCL 1127 - Meat of camels
• FCL 867 - Meat of cattle
• FCL 870 - Meat of cattle, boneless
• FCL 1017 - Goat meat
• FCL 1097 - Horse meat
• FCL 1111 - Meat of mules
• FCL 1158 - Meat of other domestic camelids
• FCL 1151 - Meat of other domestic rodents
• FCL 1035 - Pig meat
• FCL 1141 - Rabbit meat
• FCL 977 - Meat of sheep

This report provides an in-depth analysis of the meat 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

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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