MERCOSUR: Meat Market 2024

Meat Market Size in MERCOSUR

The MERCOSUR meat market dropped to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a mild downturn. The pace of growth was the most pronounced in 2017 when the market value increased by X%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Meat Production in MERCOSUR

In value terms, meat production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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

In Brazil, meat production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Argentina (X% per year) and Colombia (X% per year).

The average meat yield stood at X kg per head in 2022, standing approx. at 2021. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of yield peaked at X kg per head in 2020; however, from 2021 to 2022, the yield failed to regain momentum.

In 2022, the number of animals slaughtered for meat production in MERCOSUR contracted modestly to X heads, remaining stable against the previous year's figure. Overall, the number of producing animals, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2021, and then shrank modestly in the following year.

Meat Exports

Exports in MERCOSUR

For the seventh consecutive year, MERCOSUR recorded growth in shipments abroad of meat, which increased by X% to X tons in 2022. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, meat exports surged to $X in 2022. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Brazil was the key exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Argentina (X tons), Uruguay (X tons) and Paraguay (X tons), together constituting a X% share of total exports. Chile (X tons) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Argentina (X%), Paraguay (X%), Uruguay (X%) and Chile (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while Chile and Uruguay saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest meat supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

In Brazil, meat exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Uruguay (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed 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 Uruguay ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Meat Imports

Imports in MERCOSUR

Meat imports declined to X tons in 2022, falling by X% against the previous year. Total imports indicated a prominent increase 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 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, meat imports contracted to $X in 2022. Total imports indicated a perceptible increase 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 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Chile (X tons) was the key importer of meat, generating X% of total imports. Colombia (X tons) held the second position in the ranking, distantly followed by Uruguay (X tons), Brazil (X tons) and Argentina (X tons). All these countries together took approx. X% share of total imports. The following importers - Venezuela (X tons) and Peru (X tons) - each reached a X% share of total imports.

Imports into Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%), Uruguay (X%), Argentina (X%), Peru (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Venezuela (X%) illustrated a downward trend over the same period. Chile (X p.p.), Colombia (X p.p.) and Uruguay (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Venezuela saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported meat in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Chile, meat imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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