MERCOSUR: Fresh Chicken Cut Market 2024

Fresh Chicken Cut Market Size in MERCOSUR

In 2021, after six years of growth, there was decline in the MERCOSUR fresh chicken cut market, when its value decreased by -3.7% to $X. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.8% against 2014 indices. The level of consumption peaked at $X in 2020, and then contracted modestly in the following year.

Fresh Chicken Cut Production in MERCOSUR

In value terms, fresh chicken cut production shrank slightly to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +72.4% against 2014 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted modestly in the following year.

Brazil (X tons) constituted the country with the largest volume of fresh chicken cut production, comprising approx. 47% of total volume. Moreover, fresh chicken cut production in Brazil exceeded the figures recorded by the second-largest producer, Colombia (X tons), fourfold. Argentina (X tons) ranked third in terms of total production with a 12% share.

In Brazil, fresh chicken cut production expanded at an average annual rate of +4.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Colombia (+5.7% per year) and Argentina (+4.6% per year).

Fresh Chicken Cut Exports

Exports in MERCOSUR

In 2021, the amount of fresh or chilled cuts of chicken exported in MERCOSUR soared to X tons, with an increase of 240% compared with the previous year's figure. Overall, exports saw a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by 355%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, fresh chicken cut exports soared to $X in 2021. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 279%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of fresh or chilled cuts of chicken in MERCOSUR, with the volume of exports finishing at X tons, which was near 76% of total exports in 2021. It was distantly followed by Argentina (X tons) and Chile (X tons), together creating a 23% share of total exports.

Brazil was also the fastest-growing in terms of the fresh or chilled cuts of chicken exports, with a CAGR of +27.3% from 2012 to 2021. At the same time, Argentina (+11.7%) and Chile (+8.1%) displayed positive paces of growth. From 2012 to 2021, the share of Brazil increased by +41 percentage points.

In value terms, Brazil ($X) emerged as the largest fresh chicken cut supplier in MERCOSUR, comprising 70% of total exports. The second position in the ranking was held by Chile ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +29.8%. In the other countries, the average annual rates were as follows: Chile (+5.2% per year) and Argentina (-2.0% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, waning by -33.8% against the previous year. In general, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by 44% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%), while the other leaders experienced a decline in the export price figures.

Fresh Chicken Cut Imports

Imports in MERCOSUR

In 2021, the amount of fresh or chilled cuts of chicken imported in MERCOSUR skyrocketed to X tons, rising by 68% compared with the previous year's figure. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 73%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, fresh chicken cut imports skyrocketed to $X in 2021. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 145%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons) was the largest importer of fresh or chilled cuts of chicken, comprising 48% of total imports. Peru (X tons) ranks second in terms of the total imports with a 26% share, followed by Colombia (19%). The following importers - Brazil (X tons) and Suriname (X tons) - each accounted for a 6.6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +276.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported fresh or chilled cuts of chicken in MERCOSUR, comprising 64% of total imports. The second position in the ranking was taken by Peru ($X), with a 16% share of total imports. It was followed by Colombia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Chile stood at +217.6%. In the other countries, the average annual rates were as follows: Peru (+62.4% per year) and Colombia (+0.9% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, surging by 35% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the import price increased by 60% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Brazil ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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