MERCOSUR: Frozen Whole Turkey Market 2025

Frozen Whole Turkey Market Size in MERCOSUR

The MERCOSUR frozen whole turkey market totaled $X in 2022, approximately reflecting the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.4% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Frozen Whole Turkey Production in MERCOSUR

In value terms, frozen whole turkey production reduced to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Brazil (X tons) constituted the country with the largest volume of frozen whole turkey production, comprising approx. 63% of total volume. Moreover, frozen whole turkey production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. Peru (X tons) ranked third in terms of total production with a 10% share.

In Brazil, frozen whole turkey production expanded at an average annual rate of +3.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (+9.3% per year) and Peru (-7.1% per year).

Frozen Whole Turkey Exports

Exports in MERCOSUR

In 2022, the amount of frozen whole turkeys exported in MERCOSUR declined remarkably to X tons, waning by -34.3% against the year before. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen whole turkey exports reduced rapidly to $X in 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina was the largest exporting country with an export of around X tons, which recorded 64% of total exports. Brazil (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Chile (10%) and Peru (9.4%).

Argentina was also the fastest-growing in terms of the frozen whole turkeys exports, with a CAGR of +27.0% from 2012 to 2022. Brazil (-14.7%), Chile (-20.6%) and Peru (-27.1%) illustrated a downward trend over the same period. Argentina (+62 p.p.) significantly strengthened its position in terms of the total exports, while Brazil, Chile and Peru saw its share reduced by -3.2%, -14.8% and -44.1% from 2012 to 2022, respectively.

In value terms, Argentina ($X) remains the largest frozen whole turkey supplier in MERCOSUR, comprising 48% of total exports. The second position in the ranking was taken by Brazil ($X), with a 23% share of total exports. It was followed by Chile, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina totaled +25.8%. In the other countries, the average annual rates were as follows: Brazil (-10.9% per year) and Chile (-17.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by 17% against the previous year. In general, the export price, however, showed a mild downturn. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Frozen Whole Turkey Imports

Imports in MERCOSUR

Frozen whole turkey imports surged to X tons in 2022, rising by 19% compared with 2021. In general, imports, however, showed a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of 81%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen whole turkey imports skyrocketed to $X in 2022. Overall, imports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 85% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Chile was the main importing country with an import of about X tons, which recorded 84% of total imports. It was distantly followed by Colombia (X tons), constituting a 12% share of total imports.

Chile was also the fastest-growing in terms of the frozen whole turkeys imports, with a CAGR of +24.5% from 2012 to 2022. Colombia (-15.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile increased by +76 percentage points.

In value terms, Chile ($X) constitutes the largest market for imported frozen whole turkeys in MERCOSUR, comprising 81% of total imports. The second position in the ranking was held by Colombia ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile amounted to +28.0%.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by 2.5% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while Chile totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.8%).

Source: IndexBox Platform