Dried eggs market in MERCOSUR

Earlier Report Observations

The dried eggs market in MERCOSUR experienced fluctuations in domestic volume between 2018 and 2023, reaching a peak of 15,736 tonnes in 2021 before declining to 14,301 tonnes in 2023. The initial growth in 2020 and 2021 coincided with a strategic commitment by major player Mantiqueira in 2020 to expand its production of higher-value egg products, including organic eggs. This investment in the value-added egg segment supported overall egg supply, which in turn facilitated increased production of dried eggs, contributing to the rise in available market volume during those years.

Subsequently, the domestic market volume contracted in 2022 and 2023 despite continued growth in dried egg production, which reached 17,516 tonnes in 2023. This shift was primarily driven by a substantial reorientation of supply towards export markets. Exports of dried eggs from the region surged from 1,089 tonnes in 2021 to 3,510 tonnes in 2023. A key factor behind this export boom was a 'pre-listing' agreement between Brazil and Chile finalized in 2023, which significantly facilitated market access and boosted shipments abroad, redirecting a larger share of production from the domestic market.

Production dried eggs in MERCOSUR

In kind, 2017-2020, t

Top producers of dried eggs, 2017-2020

World map of production of dried eggs, 2017-2020

MERCOSUR's dried egg production has grown for the third year in a row. In 2020, the region produced 16 383 tonnes of dried eggs, marking a 4.2% increase from the previous year. From 2017 to 2020, production rose by 20.2%, which translates to an average annual growth rate of 6.3%.

Annual dynamics of production in MERCOSUR in kind, 2017-2020, t

Exports dried eggs from MERCOSUR

Exports in kind, t

The market experienced volatility during the observed period. Exports peaked in 2017 and hit their lowest point in 2018, with a 2.5-fold difference between these years. In 2020, MERCOSUR exported 1 300 tonnes of dried eggs, a sharp decline of 34.5% compared to 2019. The smallest export volume was recorded in 2018 at 970 tonnes. The largest year-on-year decrease occurred in 2018, at 59.6%, while the biggest increase was in 2019, at 104.4%.

Annual dynamics of product's exports from MERCOSUR in kind, 2017-2020, t

From 2017 to 2020, MERCOSUR's dried egg exports were widely distributed across various markets. Chile accounted for 24.6% of exports in kind, Cuba for 12.9%, and Japan for 8.0%. Together, these three countries made up only 45.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from MERCOSUR in kind, 2017-2020

Exports in value, K $ US

In 2020, the value of dried eggs exported from MERCOSUR totaled 5 199 thousand US dollars, a 36.1% drop from the previous year. Over the 2017-2020 period, export values decreased by 54.5%, with a compound annual growth rate of -23.1%. The largest decline was in 2018, at 45.2%, while the biggest increase occurred in 2019, at 30.0%.

Annual dynamics of product's exports from MERCOSUR in value, 2017-2020, K $ US

Between 2017 and 2020, the largest buyers of dried eggs from MERCOSUR in value terms were Chile, with 28.8% of exports, Cuba with 18.1%, and Japan with 8.0%. Combined, these three markets represented 54.9% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from MERCOSUR in value, 2017-2020

Imports dried eggs to MERCOSUR

Imports in kind, t

MERCOSUR's dried egg imports have increased for the second consecutive year. In 2020, imports reached 375 tonnes, up 38.9% from the previous year. From 2017 to 2020, imports grew by 15.7%, equivalent to an average annual rate of 5.0%. The lowest import volume was in 2018, at 203 tonnes. The largest year-on-year decrease was recorded in 2018, at 37.3%.

Annual dynamics of product's imports to MERCOSUR in kind, 2017-2020, t

From 2017 to 2020, France and Spain were the primary sources for dried egg imports to MERCOSUR in kind, together accounting for 12.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to MERCOSUR in kind, 2017-2020

Imports in value, K $ US

Market performance showed noticeable fluctuations during this period. Import values reached their highest point in 2020 and their lowest in 2018, with a 4-fold difference between these years. In 2020, the value of dried eggs imported by MERCOSUR was recorded at 4 135 thousand US dollars, a significant increase of 223.4% compared to 2019. The minimum value was in 2018, at 1 044 thousand US dollars. The largest decline occurred in 2018, at 30.3%.

Annual dynamics of product's imports to MERCOSUR in value, 2017-2020, K $ US

Between 2017 and 2020, France, with 4.8% of total flows, and Spain, with 2.2%, were the two main sources for imports in value terms, jointly representing 7.0% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to MERCOSUR in value, 2017-2020