MERCOSUR: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in MERCOSUR

In 2022, the MERCOSUR market for frozen pig meat other than cuts or carcases was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a mild contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in MERCOSUR

In value terms, production of frozen pig meat other than cuts or carcases amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Brazil (X tons) constituted the country with the largest volume of production of frozen pig meat other than cuts or carcases, comprising approx. 83% of total volume. Moreover, production of frozen pig meat other than cuts or carcases in Brazil exceeded the figures recorded by the second-largest producer, Chile (X tons), tenfold. Argentina (X tons) ranked third in terms of total production with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume in Brazil stood at +4.4%. The remaining producing countries recorded the following average annual rates of production growth: Chile (-1.4% per year) and Argentina (+1.4% per year).

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports in MERCOSUR

In 2022, overseas shipments of frozen pig meat other than cuts or carcases decreased by -2.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 34% against the previous year. The volume of export peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, exports of frozen pig meat other than cuts or carcases contracted to $X in 2022. Over the period under review, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 40%. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, Brazil (X tons) represented the largest exporter of frozen pig meat other than cuts or carcases, achieving 87% of total exports. It was distantly followed by Chile (X tons), mixing up a 13% share of total exports.

Brazil was also the fastest-growing in terms of the frozen pig meat other than cuts or carcases exports, with a CAGR of +9.0% from 2012 to 2022. At the same time, Chile (+3.1%) displayed positive paces of growth. From 2012 to 2022, the share of Brazil increased by +7.6 percentage points.

In value terms, Brazil ($X) remains the largest frozen pig meat other than cuts or carcases supplier in MERCOSUR, comprising 84% of total exports. The second position in the ranking was held by Chile ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +7.2%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, dropping by -4.2% against the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2014 when the export price increased by 18%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-1.6%).

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports in MERCOSUR

Imports of frozen pig meat other than cuts or carcases dropped rapidly to X tons in 2022, which is down by -20.5% compared with the previous year's figure. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, imports of frozen pig meat other than cuts or carcases contracted dramatically to $X in 2022. Overall, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when imports increased by 51%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Chile (X tons) and Colombia (X tons) represented roughly 65% of total imports in 2022. It was distantly followed by Uruguay (X tons) and Argentina (X tons), together creating a 29% share of total imports. Venezuela (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of +18.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen pig meat other than cuts or carcases importing markets in MERCOSUR were Chile ($X), Colombia ($X) and Uruguay ($X), with a combined 78% share of total imports.

Chile, with a CAGR of +15.9%, recorded the highest growth rate of the value of imports, among 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

The import price in MERCOSUR stood at $X per ton in 2022, which is down by -4.7% against the previous year. In general, the import price saw a perceptible descent. The pace of growth was the most pronounced in 2014 when the import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Venezuela ($X per ton) and Peru ($X per ton), while Chile ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform