Brazil - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSignificant Decrease in Brazil's Turkey Meat Export to $11M in August 2023
Brazil Turkey Meat Exports
In August 2023, overseas shipments of turkey meat decreased by -11.1% to 4.8K tons, falling for the second consecutive month after two months of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when exports increased by 102% m-o-m. As a result, the exports reached the peak of 8.8K tons. From July 2023 to August 2023, the growth of the exports failed to regain momentum.
In value terms, turkey meat exports dropped markedly to $11M (IndexBox estimates) in August 2023. Overall, exports showed a slight reduction. The growth pace was the most rapid in June 2023 with an increase of 190% against the previous month. As a result, the exports reached the peak of $33M. From July 2023 to August 2023, the growth of the exports failed to regain momentum.
| COUNTRY | Export Value of Turkey Meat in Brazil (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| Netherlands | < 0.1 | 0.6 | 0.2 | 4.8 | 2.4 | 6.7 | 1.0 | 0.3 | 0.4 | 0.3 | 0.4 | 0.3 | 3.1 |
| South Africa | 1.2 | 1.9 | 1.6 | 2.2 | 1.7 | 2.1 | 1.9 | 1.5 | 1.7 | 1.8 | 0.9 | 1.4 | 1.7 |
| Mexico | 6.4 | 6.5 | 8.7 | 8.6 | 0.5 | 0.2 | 0.2 | 2.8 | 1.9 | 4.9 | 28.1 | 2.0 | 1.7 |
| Congo | 0.2 | 0.6 | 0.2 | 0.4 | 0.1 | 0.4 | < 0.1 | 0.5 | < 0.1 | 0.2 | N/A | 0.4 | 0.5 |
| Peru | 0.7 | 0.7 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 | 0.5 | 0.9 | 1.1 | 1.1 | 1.4 | 0.4 |
| Chile | 1.8 | 2.9 | 1.2 | 4.6 | 1.7 | 1.3 | 0.8 | 6.3 | 0.1 | < 0.1 | < 0.1 | 4.5 | 0.3 |
| Others | 2.7 | 2.5 | 2.5 | 2.8 | 1.6 | 2.5 | 1.6 | 3.3 | 3.1 | 3.2 | 2.4 | 4.6 | 3.3 |
| Total | 13.1 | 15.5 | 15.4 | 24.3 | 8.8 | 13.9 | 6.3 | 15.3 | 8.1 | 11.4 | 33.0 | 14.6 | 11.0 |
Exports by Country
South Africa (1K tons), Mexico (737 tons) and the Netherlands (679 tons) were the main destinations of turkey meat exports from Brazil, with a combined 51% share of total exports.
From August 2022 to August 2023, the biggest increases were in the Netherlands (with a CAGR of +31.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($3.1M), South Africa ($1.7M) and Mexico ($1.7M) were the largest markets for turkey meat exported from Brazil worldwide, with a combined 59% share of total exports.
the Netherlands, with a CAGR of +50.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Frozen turkey cuts (4.3K tons) was the largest type of turkey meat exported from Brazil, with a 89% share of total exports. Moreover, frozen turkey cuts exceeded the volume of the second product type, frozen whole turkeys (517 tons), eightfold.
From August 2022 to August 2023, the average monthly growth rate of the volume of export of frozen turkey cuts totaled -1.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen whole turkeys (+30.6% per month) and fresh or chilled whole turkeys (+64.5% per month).
In value terms, frozen turkey cuts ($9.7M) remains the largest type of turkey meat exported from Brazil, comprising 88% of total exports. The second position in the ranking was held by frozen whole turkeys ($1.3M), with a 12% share of total exports.
From August 2022 to August 2023, the average monthly growth rate of the export volume of frozen turkey cuts amounted to -2.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen whole turkeys (+32.9% per month) and fresh or chilled whole turkeys (+49.1% per month).
Export Prices by Country
In August 2023, the turkey meat price stood at $2,293 per ton (FOB, Brazil), with a decrease of -15.3% against the previous month. Overall, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 43% month-to-month. As a result, the export price reached the peak level of $3,773 per ton. From July 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($5,396 per ton), while the average price for exports to Democratic Republic of the Congo ($462 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the turkey meat market in Brazil. 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 2030.
Product coverage:
- FCL 1080 - Turkey meat
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012-2024
- Imports, In Value Terms, By Country, 2012-2024
- Import Prices, By Country, 2012-2024
- Exports, In Physical Terms, By Country, 2012-2024
- Exports, In Value Terms, By Country, 2012-2024
- Exports Prices, By Country, 2012-2024
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- Production Volume and Growth
- Yield and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Producing Animals: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms, by Country, 2024
- Imports, in Physical Terms, by Country, 2012-2024
- Imports, in Value Terms, by Country, 2012-2024
- Import Prices, by Country, 2012-2024
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms, by Country, 2024
- Exports, in Physical Terms, by Country, 2012-2024
- Exports, in Value Terms, by Country, 2012-2024
- Export Prices, by Country, 2012-2024
