MERCOSUR: Market for Fresh Or Chilled Cuts Of Turkey 2025

Market Size for Fresh Or Chilled Cuts Of Turkey in MERCOSUR

In 2022, the MERCOSUR market for fresh or chilled cuts of turkey decreased by -10% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, posted a strong increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Cuts Of Turkey in MERCOSUR

In value terms, fresh or chilled turkey cut production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 71% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The country with the largest volume of fresh or chilled turkey cut production was Brazil (X tons), accounting for 53% of total volume. Moreover, fresh or chilled turkey cut production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. Venezuela (X tons) ranked third in terms of total production with a 12% share.

In Brazil, fresh or chilled turkey cut production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Argentina (+2.0% per year) and Venezuela (+2.2% per year).

Exports of Fresh Or Chilled Cuts Of Turkey

Exports in MERCOSUR

In 2022, the amount of fresh or chilled cuts of turkey exported in MERCOSUR surged to X tons, picking up by 274% compared with 2021 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,231%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, fresh or chilled turkey cut exports reached $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,128% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Chile (X tons), together resulting at 99% of total export.

Chile experienced a relatively flat trend pattern with regard to volume of exports of fresh or chilled cuts of turkey. While the share of Chile (+98 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) also remains the largest fresh or chilled turkey cut supplier in MERCOSUR.

From 2012 to 2022, the average annual growth rate of value in Chile amounted to -2.1%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, reducing by -72.9% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 269%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -2.1% per year.

Imports of Fresh Or Chilled Cuts Of Turkey

Imports in MERCOSUR

In 2022, supplies from abroad of fresh or chilled cuts of turkey was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 217%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fresh or chilled turkey cut imports soared to $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 241% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Peru (X tons) was the major importer of fresh or chilled cuts of turkey, mixing up 65% of total imports. It was distantly followed by Colombia (X tons), committing a 32% share of total imports. Suriname (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled turkey cut imports into Peru stood at +7.9%. At the same time, Colombia (+38.7%) and Suriname (+3.3%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +38.7% from 2012-2022. Colombia (+29 p.p.) significantly strengthened its position in terms of the total imports, while Suriname and Peru saw its share reduced by -1.6% and -14.2% from 2012 to 2022, respectively.

In value terms, the largest fresh or chilled turkey cut importing markets in MERCOSUR were Peru ($X), Colombia ($X) and Suriname ($X), with a combined 100% share of total imports.

Colombia, with a CAGR of +23.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by 3.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 38%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Suriname ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform