Latin America and the Caribbean: Preserved Pork Market 2021

Preserved Pork Market Size in Latin America and the Caribbean

In 2020, the Latin American preserved pork market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Preserved Pork Production in Latin America and the Caribbean

In value terms, preserved pork production contracted slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of preserved pork production in 2020 were Brazil (X tons), Mexico (X tons) and Argentina (X tons), together accounting for X% of total production.

From 2007 to 2020, the biggest increases were in Argentina, while preserved pork production for the other leaders experienced more modest paces of growth.

Preserved Pork Exports

Exports in Latin America and the Caribbean

In 2020, shipments abroad of pig meat salted (salted, in brine, dried or smoked) increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, preserved pork exports surged to $X in 2020. Over the period under review, exports, however, showed a mild setback. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

El Salvador (X tons) and Brazil (X tons) represented the major exporters of pig meat salted (salted, in brine, dried or smoked) in 2020, reaching near X% and X% of total exports, respectively. Costa Rica (X tons) took the next position in the ranking, followed by Mexico (X tons). All these countries together occupied approx. X% share of total exports. Argentina (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico, while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest preserved pork supplying countries in Latin America and the Caribbean were Costa Rica ($X), El Salvador ($X) and Brazil ($X), together comprising X% of total exports. These countries were followed by Mexico and Argentina, which together accounted for a further X the main exporting countries, Mexico recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The preserved pork export price in Latin America and the Caribbean stood at $X per ton in 2020, which is down by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Argentina ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Costa Rica, while the other leaders experienced more modest paces of growth.

Preserved Pork Imports

Imports in Latin America and the Caribbean

In 2020, imports of pig meat salted (salted, in brine, dried or smoked) in Latin America and the Caribbean rose notably to X tons, picking up by X% compared with the previous year's figure. Total imports indicated a temperate increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, preserved pork imports reached $X in 2020. Total imports indicated strong growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Panama (X tons) represented the major importer of pig meat salted (salted, in brine, dried or smoked), achieving X% of total imports. Trinidad and Tobago (X tons) ranks second in terms of the total imports with a X% share, followed by Brazil (X%), Mexico (X%), Colombia (X%), Belize (X%), Barbados (X%) and Chile (X%). The following importers - Bahamas (X tons), Antigua and Barbuda (X tons) and Falkland Islands (Malvinas) (X tons) - each amounted to a X% share of total imports.

Imports into Panama increased at an average annual rate of +X% from 2007 to 2020. At the same time, Falkland Islands (Malvinas) (+X%), Brazil (+X%), Chile (+X%), Bahamas (+X%), Colombia (+X%), Antigua and Barbuda (+X%), Belize (+X%) and Trinidad and Tobago (+X%) displayed positive paces of growth. Moreover, Falkland Islands (Malvinas) emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. Barbados and Mexico experienced a relatively flat trend pattern. Panama (+X p.p.), Brazil (+X p.p.), Chile (+X p.p.), Colombia (+X p.p.) and Falkland Islands (Malvinas) (+X p.p.) significantly strengthened its position in terms of the total imports, while Barbados, Trinidad and Tobago and Mexico saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved pork importing markets in Latin America and the Caribbean were Brazil ($X), Panama ($X) and Mexico ($X), together comprising X% of total imports. Colombia, Chile, Trinidad and Tobago, Barbados, Belize, Falkland Islands (Malvinas), Antigua and Barbuda and Bahamas lagged somewhat behind, together comprising a further X terms of the main importing countries, Falkland Islands (Malvinas) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the preserved pork import price in Latin America and the Caribbean amounted to $X per ton, declining by -X% against the previous year. Import price indicated moderate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved pork import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Brazil ($X per ton), while Belize ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Falkland Islands (Malvinas), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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