Latin America and the Caribbean: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Latin America and the Caribbean

The Latin American market for salted, dried or smoked meat, and offal dropped slightly to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Salted, Dried or Smoked Meat, and Offal in Latin America and the Caribbean

In value terms, production of salted, dried or smoked meat, and offal fell to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports in Latin America and the Caribbean

In 2022, overseas shipments of salted, dried or smoked meat, and offal increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports, however, continue to indicate a slight shrinkage. 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 of reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of salted, dried or smoked meat, and offal soared to $X in 2022. Over the period under review, exports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Brazil (X tons), together resulting at X% of total export.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of salted, dried or smoked meat, and offal. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest salted, dried or smoked meat, and offal supplier in Latin America and the Caribbean.

In Brazil, exports of salted, dried or smoked meat, and offal decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports in Latin America and the Caribbean

In 2022, imports of salted, dried or smoked meat, and offal in Latin America and the Caribbean declined to X tons, reducing by X% compared with the previous year's figure. Overall, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of salted, dried or smoked meat, and offal totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Panama (X tons) and Bahamas (X tons) were the key importers of salted, dried or smoked meat, and offal in 2022, reaching approx. X% and X% of total imports, respectively. Brazil (X tons) held the next position in the ranking, followed by Belize (X tons), Mexico (X tons), Chile (X tons), Trinidad and Tobago (X tons) and the Dominican Republic (X tons). All these countries together took approx. X% share of total imports. Argentina (X tons), Guatemala (X tons), Cuba (X tons), Curacao (X tons) and Antigua and Barbuda (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported salted, dried or smoked meat, and offal in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, imports of salted, dried or smoked meat, and offal expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Overall, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Belize ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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