Latin America and the Caribbean: Preserved Cows Meat Market 2022

Preserved Cows Meat Market Size in Latin America and the Caribbean

The Latin American preserved cows meat market shrank slightly to $X in 2021, reducing by -X% against the previous year. Over the period under review, consumption, however, saw modest growth. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2020, and then fell modestly in the following year.

Preserved Cows Meat Production in Latin America and the Caribbean

In value terms, preserved cows meat production reduced modestly to $X in 2021 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.

Production By Country in Latin America and the Caribbean

Brazil (X tonnes) remains the largest preserved cows meat producing country in Latin America and the Caribbean, accounting for X% of total volume. Moreover, preserved cows meat production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tonnes), twofold. Argentina (X tonnes) ranked third in terms of total production with an X% share.

In Brazil, preserved cows meat production remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Argentina (+X% per year).

Preserved Cows Meat Exports

Exports in Latin America and the Caribbean

In 2021, exports of prepared or preserved meat or offal of bovine animals in Latin America and the Caribbean reached X tonnes, increasing by X% against 2020. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, preserved cows meat exports soared to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil represented the largest exporter of prepared or preserved meat or offal of bovine animals in Latin America and the Caribbean, with the volume of exports reaching X tonnes, which was near X% of total exports in 2021. Argentina (X tonnes) occupied the second position in the ranking, distantly followed by Uruguay (X tonnes). All these countries together took approx. X% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of prepared or preserved meat or offal of bovine animals. At the same time, Uruguay (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. Uruguay (+X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, preserved cows meat exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (-X% per year) and Uruguay (+X% per year).

Export Prices by Country

The preserved cows meat export price in Latin America and the Caribbean stood at $X per tonne in 2021, jumping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the 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 2021, the country with the highest price was Brazil ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the other leaders experienced a decline in the export price figures.

Preserved Cows Meat Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of prepared or preserved meat or offal of bovine animals increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, preserved cows meat imports expanded significantly to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of prepared or preserved meat or offal of bovine animals, namely Cuba, Costa Rica and Jamaica, represented more than fourth of total import. Trinidad and Tobago (X tonnes) took the next position in the ranking, followed by Mexico (X tonnes), Bolivia (X tonnes), Ecuador (X tonnes) and El Salvador (X tonnes). All these countries together took approx. X% share of total imports. The following importers - Paraguay (X tonnes), Colombia (X tonnes), Peru (X tonnes), Chile (X tonnes) and Bahamas (X tonnes) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Costa Rica (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), Jamaica ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2021, together comprising X% of total imports.

In terms of the main importing countries, Costa Rica, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the preserved cows meat import price in Latin America and the Caribbean amounted to $X per tonne, surging by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform