MERCOSUR: Processed Meat Market 2024

Processed Meat Market Size in MERCOSUR

The MERCOSUR processed meat market shrank slightly to $X in 2022, falling by X% against the previous year. In general, consumption, however, recorded a mild increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Processed Meat Production in MERCOSUR

In value terms, processed meat production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Processed Meat Exports

Exports in MERCOSUR

In 2022, shipments abroad of processed meat increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, processed meat exports rose markedly to $X in 2022. Overall, exports, however, recorded a slight descent. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. The following exporters - Argentina (X tons), Chile (X tons) and Uruguay (X tons) - together made up X% of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of processed meat. At the same time, Uruguay (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest processed meat supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Chile ($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 (X%), while the other leaders experienced a decline in the export price figures.

Processed Meat Imports

Imports in MERCOSUR

After six years of growth, overseas purchases of processed meat decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, processed meat imports fell to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Venezuela (X tons), Chile (X tons) and Colombia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Uruguay (X tons), Paraguay (X tons) and Guyana (X tons), together creating an X% share of total imports. The following importers - Argentina (X tons) and Brazil (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported processed meat in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Chile amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Venezuela (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform