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Mexico - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Mexico - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights

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Jan 23, 2023

Mexico's Turkey Meat Price Skyrocket 18%, Averaging $3,786 per Tons

Mexico Turkey Meat Import Price in July 2022

In July 2022, the turkey meat price amounted to $3,786 per ton (CIF, Mexico), rising by 18% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($6,796 per ton), while the price for the United States totaled $3,066 per ton.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Brazil (+31.6%).

Mexico Turkey Meat Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In July 2022, the product with the highest price was frozen cuts of turkey ($6,796 per ton), while the price for fresh or chilled cuts of turkey ($3,020 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by frozen whole turkey (+39.4%), while the prices for the other products experienced more modest paces of growth.

Mexico Turkey Meat Imports

In July 2022, imports of turkey meat into Mexico soared to 9.3K tons, with an increase of 23% compared with the previous month. In general, imports, however, saw a slight descent. The growth pace was the most rapid in May 2022 when imports increased by 48% month-to-month. Imports peaked at 9.9K tons in January 2022; however, from February 2022 to July 2022, imports remained at a lower figure.

In value terms, turkey meat imports soared to $35M (IndexBox estimates) in July 2022. Over the period under review, total imports indicated a mild expansion from January 2022 to July 2022: its value increased at an average monthly rate of +1.8% over the last six-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, imports increased by +92.0% against April 2022 indices. The growth pace was the most rapid in May 2022 when imports increased by 53% month-to-month. Imports peaked in July 2022.

Mexico Turkey Meat Imports by Type

In July 2022, fresh or chilled cuts of turkey (6.6K tons) constituted the largest type of turkey meat supplied to Mexico, with a 71% share of total imports. Moreover, fresh or chilled cuts of turkey exceeded the figures recorded for the second-largest type, frozen cuts of turkey (1.8K tons), fourfold.

From January 2022 to July 2022, the average monthly growth rate of the volume of import of fresh or chilled cuts of turkey amounted to -4.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: frozen cuts of turkey (+9.1% per month) and fresh or chilled whole turkeys (+25.1% per month).

In value terms, the most traded types of turkey meat in Mexico were fresh or chilled cuts of turkey ($20M), frozen cuts of turkey ($12M) and fresh or chilled whole turkeys ($3.1M).

Mexico Turkey Meat Imports by Country

In July 2022, the United States (7.5K tons) constituted the largest supplier of turkey meat to Mexico, accounting for a 81% share of total imports. Moreover, turkey meat imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (1.8K tons), fourfold.

From January 2022 to July 2022, the average monthly rate of growth in terms of volume from the United States totaled -4.5%.

In value terms, the United States ($23M) and Brazil ($12M) were the largest turkey meat suppliers to Mexico.

In terms of the main suppliers, Brazil, with a CAGR of +74.6%, recorded the highest growth rate of the value of imports, over the period under review.

Factors Affecting Turkey Meat Prices

Turkey meat prices in Mexico have been on the rise in recent years, due to a number of factors. The cost of feed, transportation, and labor have all increased, while the availability of turkeys has decreased. This has led many producers to raise prices, in order to offset these higher costs.

The Mexican government has also implemented a number of policies that have contributed to higher turkey meat prices. For example, import tariffs on turkey products have been increased, which has made it more expensive for producers to source turkeys from outside of the country. Additionally, environmental regulations have been tightened, which has led to higher costs for producers who need to meet these standards.

Another factor that has contributed to rising turkey meat prices is the peso's depreciation against the US dollar. This has made imports of turkey meat more expensive and has also led to inflationary pressures within Mexico.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the turkey meat market in Mexico. 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:

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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