Latin America and the Caribbean: Poultry Market 2024

Poultry Market Size in Latin America and the Caribbean

The Latin American poultry market declined slightly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2021, and then shrank slightly in the following year.

Poultry Production in Latin America and the Caribbean

In value terms, poultry production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The country with the largest volume of poultry production was Brazil (X tons), comprising approx. X% of total volume. Moreover, poultry production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tons), fourfold. Argentina (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Brazil totaled X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

In 2022, the average poultry yield in Latin America and the Caribbean reduced to X kg per head, approximately mirroring the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of yield peaked at X kg per head in 2017; afterwards, it flattened through to 2022.

In 2022, number of animals slaughtered for poultry production in Latin America and the Caribbean reduced slightly to X heads, remaining constant against 2021 figures. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, this number reached the peak level at X heads in 2021, and then fell slightly in the following year.

Poultry Exports

Exports in Latin America and the Caribbean

In 2022, poultry exports in Latin America and the Caribbean dropped to X tons, shrinking by X% against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, poultry exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Brazil dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. The following exporters - Chile (X tons) and Argentina (X tons) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to poultry exports from Brazil stood at X%. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest poultry supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

In Brazil, poultry exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Poultry Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of poultry decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank modestly in the following year.

In value terms, poultry imports reached $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Mexico represented the main importer of poultry in Latin America and the Caribbean, with the volume of imports recording X tons, which was near X% of total imports in 2022. Cuba (X tons) took the second position in the ranking, followed by Saint Lucia (X tons), Chile (X tons), Guatemala (X tons) and Haiti (X tons). All these countries together took near X% share of total imports. Peru (X tons), the Dominican Republic (X tons) and Colombia (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Saint Lucia (X%), the Dominican Republic (X%), Peru (X%), Chile (X%), Colombia (X%), Guatemala (X%), Cuba (X%) and Haiti (X%) displayed positive paces of growth. Moreover, Saint Lucia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Saint Lucia, Cuba, Chile, the Dominican Republic and Peru increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: Saint Lucia (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Haiti ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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