Turkey meat and offal market in Latin America and the Caribbean

Earlier Report Observations

From 2018 to 2019, the turkey meat and offal market in Latin America and the Caribbean expanded slightly from 385 thousand tons to 393 thousand tons. During this period, imports remained significant in countries like Colombia due to limited domestic competitiveness and a lack of certified slaughterhouses, which kept the market supplied with frozen turkey meat.

A sharp rise occurred in 2021, with market volume jumping 21% to 431 thousand tons. This surge was driven by a spike in imports to 218 thousand tons, aligning with reports of substantial frozen turkey imports in Colombia to meet consumer demand, especially during the holiday season. Growth continued in 2022, reaching 448 thousand tons, supported by shifting consumer preferences across the region toward ready-to-eat and frozen meat products, as well as a focus on convenient and eco-friendly packaging.

In 2023, the market volume fell 20% to 360 thousand tons, as production dropped to 282 thousand tons and exports rose to 90 thousand tons.

Production turkey meat and offal in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of turkey meat and offal, 2017-2020

World map of production of turkey meat and offal, 2017-2020

Turkey meat and offal production in Latin America and the Caribbean has declined for the third year in a row. In 2020, the region produced 283.6 thousand tonnes, which represents an 8.0% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 44.9%, with an average annual decline of 18.0%.

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

In value, 2017-2020, M $ US

In 2020, the value of turkey meat and offal production in Latin America and the Caribbean was 567 million US dollars, showing a significant year-over-year drop of 27.8%. Between 2017 and 2020, production value decreased by 44.3%, translating to an average annual decline of 17.7%. The largest decrease occurred in 2018, at 35.0%, while the biggest increase was recorded in 2019, at 18.6%.

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

Exports turkey meat and offal from Latin America and the Caribbean

Exports in kind, K t

After two years of decline, turkey meat and offal exports from Latin America and the Caribbean have increased. In 2020, the region exported 62.5 thousand tonnes, marking a 5.0% rise compared to the previous year. However, over the 2017-2020 period, exports decreased by 33%, with an average annual decline of 12.5%. The lowest export volume was in 2019, at 59.5 thousand tonnes, which also saw the largest drop of 34.3%.

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

The export structure for turkey meat and offal from 2017 to 2020 shows a diverse range of trading partners. South Africa accounted for 14.7% of exports, Angola for 9.4%, and the Netherlands for 8.4%, together making up 32.6% of total flows. The remaining 67.4% was distributed among numerous smaller markets.

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

Turkey meat and offal exports from Latin America and the Caribbean have declined for the third consecutive year. In 2020, export value stood at 125.0 million US dollars, reflecting a sharp 17.5% decrease compared to the previous year. Over the 2017-2020 period, export value fell by 32.4%, with an average annual decline of 12.2%.

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

In value terms, the export structure from 2017 to 2020 indicates a diversified set of partners. The Netherlands accounted for 15.4% of export value, Germany for 9.7%, and China for 7.3%, together comprising 32.4% of total flows. The remaining 67.6% was spread across many smaller markets.

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 turkey meat and offal to Latin America and the Caribbean

Imports in kind, K t

Turkey meat and offal imports into Latin America and the Caribbean have declined for the second year in a row. In 2020, imports reached 134.2 thousand tonnes, showing a moderate 6.5% decrease compared to 2019. Between 2017 and 2020, imports fell by 7.8%, with an average annual decline of 2.7%. The highest import volume was in 2018, at 148.0 thousand tonnes, which also saw the largest increase of 1.7%.

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

From 2017 to 2020, the United States was the primary source for turkey meat and offal imports into Latin America and the Caribbean, accounting for 82.7% of total imports in volume. Other destinations played a much smaller role.

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

Turkey meat and offal imports into Latin America and the Caribbean have declined for the second consecutive year. In 2020, import value was 386.6 million US dollars, marking a 12.3% decrease compared to 2019. The highest import value was recorded in 2018, at 442.6 million US dollars, which also saw the largest increase of 12.4%.

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

Throughout 2017 to 2020, the United States and Canada were the main suppliers of turkey meat and offal to Latin America and the Caribbean, together accounting for 87.0% 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