Mexico: Chicken Meat Market 2024

Chicken Meat Market Size in Mexico

The Mexican chicken meat market totaled $X in 2021, with an increase of 4.2% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Chicken Meat Production in Mexico

In value terms, chicken meat production amounted to $X in 2021 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 85% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of chicken meat in Mexico amounted to X kg per head, standing approx. at 2020 figures. Overall, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by 5.9% against the previous year. The chicken meat yield peaked at X kg per head in 2017; however, from 2018 to 2021, the yield stood at a somewhat lower figure.

The number of animals slaughtered for chicken meat production in Mexico expanded slightly to X heads in 2021, with an increase of 2.7% compared with the previous year's figure. This number increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 5.6%. Over the period under review, this number hit record highs in 2021 and is likely to continue growth in the near future.

Chicken Meat Exports

Exports from Mexico

In 2021, approx. X tons of chicken meat were exported from Mexico; waning by -58.9% compared with the previous year. Over the period under review, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 713% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chicken meat exports plummeted to $X in 2021. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 475% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), the United States (X tons) and Benin (X tons) were the main destinations of chicken meat exports from Mexico, with a combined 57% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +48.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chicken meat exported from Mexico were the United States ($X), Democratic Republic of the Congo ($X) and Angola ($X), with a combined 61% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +40.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chicken meat export price stood at $X per ton in 2021, waning by -19.4% against the previous year. Overall, the export price saw a noticeable setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Chicken Meat Imports

Imports into Mexico

In 2021, purchases abroad of chicken meat increased by 22% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chicken meat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main supplier of chicken meat to Mexico, accounting for a 97% share of total imports. It was followed by Brazil (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+109.0% per year) and Chile (-19.9% per year).

In value terms, the United States ($X) constituted the largest supplier of chicken meat to Mexico, comprising 96% of total imports. The second position in the ranking was held by Brazil ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+103.3% per year) and Chile (-19.9% per year).

Import Prices by Country

The average chicken meat import price stood at $X per ton in 2021, growing by 2.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 9.3% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :