Prepared or preserved poultry meat or offal market in Latin America and the Caribbean

Earlier Report Observations

The market for prepared or preserved poultry meat in Latin America and the Caribbean expanded from 201.3 тыс. т in 2018 to 285.6 тыс. т in 2020. This growth was primarily driven by rising incomes across the region, which shifted consumer preferences toward higher-value proteins like poultry. The COVID-19 pandemic in 2020 further accelerated demand for processed meat products due to their convenience and longer shelf life, supporting market volume despite broader economic disruptions.

After a slight stabilization in 2021 at 282.1 тыс. т, market volume resumed its upward trajectory, reaching 303.1 тыс. т by 2023. The dominance of chicken meat in the processed segment and lower production costs made poultry products more affordable, stimulating consumption. Additionally, the presence of major players such as BRF SA, JBS SA, and Minerva SA intensified competition and diversified product offerings through expanded distribution channels.

Production prepared or preserved poultry meat or offal in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of prepared or preserved poultry meat or offal, 2017-2020

World map of production of prepared or preserved poultry meat or offal, 2017-2020

Latin America and the Caribbean saw production of prepared or preserved poultry meat or offal rise for the second year in a row. In 2020, the region produced 341.9 thousand tons, marking a 5.9% increase from 2019. Looking at the period from 2017 to 2020, production grew by 23.2%, which translates to an average annual rate of 7.2%. The lowest production level was in 2018 at 275.0 thousand tons, with a slight decline of 0.9% that year. In contrast, 2019 recorded the largest increase at 17.5%.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Following two years of growth, the value of prepared or preserved poultry meat or offal production in Latin America and the Caribbean fell. In 2020, output was valued at 1 053 million US dollars, down 2.2% from the previous year. Over the 2017-2020 period, production value increased by 25.7%, averaging 7.9% per year. The peak value occurred in 2019 at 1 076 million US dollars, with the largest rise of 25.6% also recorded that year.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Exports prepared or preserved poultry meat or offal from Latin America and the Caribbean

Exports in kind, K t

Exports of prepared or preserved poultry meat or offal from Latin America and the Caribbean declined for the third consecutive year. In 2020, exports totaled 109.4 thousand tons, showing a modest year-on-year drop of 2.3%. From 2017 to 2020, exports fell by 43.8%, with a compound annual growth rate of -17.5%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, K t

Between 2017 and 2020, the United Kingdom, the Netherlands, and Germany were the top markets for exports in volume terms. The United Kingdom accounted for 22.4% of exports, the Netherlands for 18.3%, and Germany for 15.3%. Together, these three countries represented 55.9% of total export flows.

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

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Exports in value, M $ US

The value of prepared or preserved poultry meat or offal exports from Latin America and the Caribbean dropped for the third year in a row. In 2020, exports were valued at 336.8 million US dollars, a 9.7% decrease from 2019. Over the 2017-2020 period, export value declined by 42.7%, with a compound annual growth rate of -16.9%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, M $ US

From 2017 to 2020, the United Kingdom, the Netherlands, and Germany remained the leading markets for exports in value terms. The United Kingdom held a 27.1% share, the Netherlands 22.9%, and Germany 16.1%. Combined, these three countries made up 66.1% of total export value.

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

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Imports prepared or preserved poultry meat or offal to Latin America and the Caribbean

Imports in kind, K t

In 2020, imports of prepared or preserved poultry meat or offal into Latin America and the Caribbean stood at 53.1 thousand tons, reflecting a significant decline of 20.7% compared to 2019. Over the 2017-2020 period, imports decreased by 12.5%, with a compound annual growth rate of -4.4%. The highest import volume was in 2019 at 66.9 thousand tons, which also saw the largest increase of 18.0% that year.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, K t

During 2017-2020, the United States, Canada, and Spain were the primary sources for imports in volume terms. The United States accounted for 46.8% of imports, Canada for 3.1%, and Spain for 2.6%. Together, these three countries represented 52.5% of total import flows.

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

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Imports in value, M $ US

In 2020, the value of prepared or preserved poultry meat or offal imports into Latin America and the Caribbean was 249.9 million US dollars, indicating a 13.6% decrease from the previous year. From 2017 to 2020, import value fell by 5.6%, with a compound annual growth rate of -1.9%. The peak value was in 2019 at 289.1 million US dollars, with the largest rise of 9.6% also occurring that year.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, M $ US

Between 2017 and 2020, the United States, Spain, and Canada were the main destinations for imports in value terms. The United States held a 63.1% share, Spain 3.0%, and Canada 1.8%. Collectively, these three countries accounted for 67.9% of total import value.

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

World map of product's imports to Latin America and the Caribbean in value, 2017-2020