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Latin America and the Caribbean - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Pork Market Overview 2021

Pork Market Size in Latin America and the Caribbean

The Latin American pork market contracted to $X in 2020, waning by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2019, and then reduced in the following year.

Pork Production in Latin America and the Caribbean

In value terms, pork production fell modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019, and then contracted slightly in the following year.

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

From 2007 to 2020, the average annual rate of growth in terms of volume in Brazil stood at +X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Argentina (+X% per year).

The average pork yield reached X kg per head in 2020, leveling off at the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of yield peaked in 2020 and is expected to retain growth in the immediate term.

The global number of animals slaughtered for pork production expanded modestly to X heads in 2020, growing by X% compared with the previous year's figure. This number 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 pace of growth appeared the most rapid in 2016 when the number of producing animals increased by X% year-to-year. Over the period under review, this number attained the peak level in 2020 and is expected to retain growth in years to come.

Production By Country in Latin America and the Caribbean

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

In Brazil, pork production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+X% per year) and Argentina (+X% per year).

Pork Exports

Exports in Latin America and the Caribbean

In 2020, overseas shipments of pork increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Total exports indicated moderate growth 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 2018 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in the near future.

In value terms, pork exports skyrocketed to $X in 2020. Total exports indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the near future.

Exports by Country

Brazil represented the key exporter of pork in Latin America and the Caribbean, with the volume of exports amounting to X tonnes, which was near X% of total exports in 2020. Chile (X tonnes) ranks second in terms of the total exports with a X% share, followed by Mexico (X%). Argentina (X tonnes) held a little share of total exports.

From 2007 to 2020, average annual rates of growth with regard to pork exports from Brazil stood at +X%. At the same time, Argentina (+X%), Mexico (+X%) and Chile (+X%) displayed positive paces of growth. Moreover, Argentina 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.), Chile (+X p.p.) and Argentina (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Brazil (-X p.p.) displayed negative dynamics.

In value terms, the largest pork supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Chile ($X), with a combined X% share of total exports. Argentina lagged somewhat behind, accounting for a further X saw the highest rates of growth with regard to the value of exports, in terms of 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 pork export price in Latin America and the Caribbean stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of 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.

Prices varied noticeably by the country of origin; 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 Argentina, while the other leaders experienced mixed trends in the export price figures.

Pork Imports

Imports in Latin America and the Caribbean

In 2020, purchases abroad of pork decreased by -X% to X tonnes for the first time since 2011, thus ending a eight-year rising trend. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2019, and then declined significantly in the following year.

In value terms, pork imports fell to $X in 2020. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2019, and then contracted in the following year.

Imports by Country

Mexico was the main importer of pork in Latin America and the Caribbean, with the volume of imports reaching X tonnes, which was approx. X% of total imports in 2020. It was distantly followed by Chile (X tonnes) and Colombia (X tonnes), together creating a X% share of total imports. Uruguay (X tonnes), the Dominican Republic (X tonnes), Honduras (X tonnes) and Argentina (X tonnes) took a relatively small share of total imports.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2020. At the same time, Chile (+X%), Colombia (+X%), the Dominican Republic (+X%), Uruguay (+X%) and Honduras (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Argentina (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Chile, Colombia and the Dominican Republic increased by +X%, +X% and +X% percentage points, while Argentina (-X p.p.) and Mexico (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, pork imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Chile (+X% per year) and Colombia (+X% per year).

Import Prices by Country

The pork import price in Latin America and the Caribbean stood at $X per tonne in 2020, rising by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded 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 2020, import prices failed to regain the momentum.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pork in LatAmerica and the Caribbean?
+
The countries with the highest volumes of pork consumption in 2020 were Brazil (3.6M tonnes), Mexico (2M tonnes) and Argentina (682K tonnes), with a combined 72% share of total consumption. These countries were followed by Colombia, Chile, Ecuador and Cuba, which together accounted for a further 16%.
What are the largest producers of pork in LatAmerica and the Caribbean?
+
Brazil (4.2M tonnes) constituted the country with the largest volume of pork production, comprising approx. 48% of total volume. Moreover, pork production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (1.6M tonnes), threefold. The third position in this ranking was occupied by Argentina (682K tonnes), with a 7.7% share.
What are the leading suppliers of pork in LatAmerica and the Caribbean?
+
In value terms, Brazil ($1.5B), Mexico ($842M) and Chile ($728M) were the countries with the highest levels of exports in 2020, together accounting for 98% of total exports. Argentina lagged somewhat behind, accounting for a further 1.4%.
What are the leading importers of pork in LatAmerica and the Caribbean?
+
In value terms, Mexico ($1.3B) constitutes the largest market for imported pork in Latin America and the Caribbean, comprising 56% of total imports. The second position in the ranking was occupied by Chile ($269M), with a 12% share of total imports. It was followed by Colombia, with a 6.8% share.
What is the average export price for pork in LatAmerica and the Caribbean?
+
The pork export price in Latin America and the Caribbean stood at $2,726 per tonne in 2020, rising by 2.8% against the previous year.
What is the average import price for pork in LatAmerica and the Caribbean?
+
In 2020, the pork import price in Latin America and the Caribbean amounted to $2,210 per tonne, picking up by 15% against the previous year.

Product coverage:
• FCL 1035 - Pig meat

This report provides an in-depth analysis of the pork 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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