MERCOSUR: Turkey Meat Market 2025

Turkey Meat Market Size in MERCOSUR

The MERCOSUR turkey meat market declined to $X in 2022, with a decrease of -11.9% against the previous year. In general, consumption continues to indicate a mild contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Turkey Meat Production in MERCOSUR

In value terms, turkey meat production dropped to $X in 2022 estimated in export price. Overall, production saw a mild contraction. The growth pace was the most rapid in 2019 with an increase of 14%. 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) remains the largest turkey meat producing country in MERCOSUR, comprising approx. 84% of total volume. Moreover, turkey meat production in Brazil exceeded the figures recorded by the second-largest producer, Chile (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume in Brazil amounted to +1.1%. In the other countries, the average annual rates were as follows: Chile (-3.5% per year) and Argentina (-0.4% per year).

The average turkey meat yield was estimated at X kg per head in 2022, remaining stable against the previous year. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 4.2%. As a result, the yield reached the peak level of X kg per head. From 2019 to 2022, the growth of the turkey meat yield remained at a lower figure.

In 2022, the number of animals slaughtered for turkey meat production in MERCOSUR dropped modestly to X heads, almost unchanged from the previous year. In general, the number of producing animals recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 5.3% against the previous year. The level of producing animals peaked at X heads in 2013; however, from 2014 to 2022, producing animals failed to regain momentum.

Turkey Meat Exports

Exports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in overseas shipments of turkey meat, which increased by 54% to X tons in 2022. Over the period under review, exports, however, saw a mild descent. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, turkey meat exports soared to $X in 2022. In general, exports enjoyed a pronounced expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) and Chile (X tons) represented roughly 99% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +8.2%).

In value terms, the largest turkey meat supplying countries in MERCOSUR were Brazil ($X) and Chile ($X).

Chile, with a CAGR of +12.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by 48% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat export price increased by +75.0% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.0%).

Turkey Meat Imports

Imports in MERCOSUR

In 2022, turkey meat imports in MERCOSUR reduced to X tons, with a decrease of -9.9% against the previous year's figure. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +39.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, turkey meat imports skyrocketed to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 98%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Chile (X tons) and Peru (X tons) dominates imports structure, together constituting 91% of total imports. It was distantly followed by Colombia (X tons), generating a 7.6% share of total imports.

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 +6.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Chile ($X) constitutes the largest market for imported turkey meat in MERCOSUR, comprising 74% of total imports. The second position in the ranking was held by Peru ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Chile stood at +17.9%. In the other countries, the average annual rates were as follows: Peru (+3.8% per year) and Colombia (-5.5% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by 44% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat import price increased by +88.6% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+10.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform