Latin America and the Caribbean: Frozen Beef Carcase Market 2020

Frozen Beef Carcase Market Size in Latin America and the Caribbean

The revenue of the frozen beef carcase market in Latin America and the Caribbean amounted to $X in 2017, declining by -X% against the previous year. The frozen beef carcase consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. The level of frozen beef carcase consumption peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Frozen Beef Carcase Production in Latin America and the Caribbean

In 2017, approx. X tons of frozen carcases of beef and veal were produced in Latin America and the Caribbean; flattening at the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2010, when the output figure increased by X% y-o-y. Over the period under review, the frozen beef carcase production reached its maximum volume in 2017, and is expected to retain its growth in the near future.

Frozen Beef Carcase Exports in Latin America and the Caribbean

In 2017, approx. X tons of frozen carcases of beef and veal were exported in Latin America and the Caribbean; jumping by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010, when exports increased by X% against the previous year. Over the period under review, the frozen beef carcase exports reached its maximum volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, frozen beef carcase exports totaled $X in 2017. The total exports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the frozen beef carcase exports reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Frozen Beef Carcase Exports by Country in Latin America and the Caribbean

In 2017, Brazil (X tons) was the main exporter for frozen carcases of beef and veal, generating X% of total exports. Uruguay (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Argentina (X%) and Paraguay (X%). Nicaragua (X tons) and Mexico (X tons) held the weak share of total exports.

From 2007 to 2017, average annual rates of growth with regard to frozen beef carcase exports from Brazil stood at +X%. At the same time, Mexico (+X%), Paraguay (+X%), Nicaragua (+X%), Argentina (+X%) and Uruguay (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. While the share of Nicaragua (-X%), Paraguay (-X%) and Brazil (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest frozen beef carcase supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In Brazil, frozen beef carcase exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Uruguay (+X% per year) and Argentina (+X% per year).

Frozen Beef Carcase Export Prices by Country in Latin America and the Caribbean

The frozen beef carcase export price in Latin America and the Caribbean stood at $X per ton in 2017, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when the export prices increased by X% y-o-y. The level of export price peaked of $X per ton in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Uruguay ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Nicaragua (+X% per year), while the other leaders experienced more modest paces of growth.

Frozen Beef Carcase Imports in Latin America and the Caribbean

The imports totaled X tons in 2017, remaining stable against the previous year. The frozen beef carcase imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year. The volume of imports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, frozen beef carcase imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the frozen beef carcase imports reached its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Frozen Beef Carcase Imports by Country in Latin America and the Caribbean

Chile (X tons), Venezuela (X tons), Brazil (X tons) and Mexico (X tons) represented roughly X% of total imports of frozen carcases of beef and veal in 2017. Guatemala (X tons) held the second position in the ranking, followed by the Dominican Republic (X tons). All these countries together held near X% share of total imports. Trinidad and Tobago (X tons), Bahamas (X tons), Colombia (X tons), Aruba (X tons), Costa Rica (X tons) and El Salvador (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen beef carcase markets worldwide were Brazil ($X), Chile ($X) and Venezuela ($X), with a combined X% share of total imports.

Brazil (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Frozen Beef Carcase Import Prices by Country in Latin America and the Caribbean

The frozen beef carcase import price in Latin America and the Caribbean stood at $X per ton in 2017, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011, when the import prices increased by X% year-to-year. The level of import price peaked of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Costa Rica ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by El Salvador (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform