Brazil - Meat And Poultry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBrazil's Meat and Poultry Exports Plummet by 68% to $613M in January 2024
Brazil Meat And Poultry Exports
In January 2024, the amount of meat and poultry exported from Brazil reduced markedly to 373K tons, waning by -49.6% against the month before. Overall, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in December 2023 when exports increased by 112% against the previous month. As a result, the exports attained the peak of 740K tons, and then shrank rapidly in the following month.
In value terms, meat and poultry exports contracted notably to $613M (IndexBox estimates) in January 2024. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in December 2023 with an increase of 211% against the previous month.
| COUNTRY | Export Value of Meat And Poultry in Brazil (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
| China | 742 | 557 | 536 | 464 | 824 | 945 | 658 | 698 | 781 | 144 | 91.1 | 159 | 81.1 |
| Japan | 95.2 | 61.2 | 99.5 | 103 | 101 | 111 | 99.6 | 75.9 | 66.1 | 74.5 | 62.4 | 124 | 76.1 |
| United Arab Emirates | 89.2 | 67.8 | 91.8 | 96.9 | 89.1 | 113 | 129 | 126 | 98.0 | 71.4 | 61.1 | 89.6 | 72.2 |
| Saudi Arabia | 93.8 | 89.2 | 101 | 74.3 | 81.1 | 81.9 | 96.1 | 105 | 76.9 | 62.3 | 65.3 | 79.4 | 69.8 |
| South Korea | 39.4 | 33.6 | 43.2 | 40.8 | 39.3 | 33.0 | 40.1 | 38.9 | 43.1 | 32.5 | 34.3 | 37.4 | 23.5 |
| South Africa | 23.7 | 24.4 | 31.3 | 21.1 | 19.3 | 16.9 | 17.2 | 17.1 | 14.6 | 15.5 | 12.3 | 19.6 | 15.8 |
| Philippines | 34.7 | 27.4 | 53.0 | 56.6 | 64.2 | 75.9 | 68.6 | 80.4 | 65.7 | 34.6 | 11.0 | 37.1 | 12.7 |
| Others | 631 | 593 | 776 | 676 | 658 | 678 | 674 | 687 | 631 | 1,273 | 276 | 1,365 | 261 |
| Total | 1,749 | 1,454 | 1,732 | 1,534 | 1,876 | 2,055 | 1,783 | 1,828 | 1,777 | 1,708 | 614 | 1,911 | 613 |
Exports by Country
Japan (40K tons), the United Arab Emirates (39K tons) and China (39K tons) were the main destinations of meat and poultry exports from Brazil, with a combined 31% share of total exports. These countries were followed by Saudi Arabia, South Africa, the Philippines and South Korea, which together accounted for a further 25%.
From January 2023 to January 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +0.2%), while the other leaders experienced a decline.
In value terms, China ($81M), Japan ($76M) and the United Arab Emirates ($72M) were the largest markets for meat and poultry exported from Brazil worldwide, together comprising 37% of total exports.
the United Arab Emirates, with a CAGR of -1.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.
Exports by Type
Chicken meat (372K tons) was the largest type of meat and poultry exported from Brazil, with a 99% share of total exports. It was followed by turkey meat (3.3K tons), with a 0.9% share of total exports. Horse, mule and donkey meat (219 tons) ranked third in terms of total exports with a 0.1% share.
From January 2023 to January 2024, the average monthly growth rate of the volume of export of chicken meat was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: turkey meat (-3.6% per month) and horse, mule and donkey meat (-2.3% per month).
In value terms, chicken meat ($611M) emerged as the largest type of meat and poultry exported from Brazil, comprising 99% of total exports. The second position in the ranking was taken by turkey meat ($6.9M), with a 1.1% share of total exports. It was followed by horse, mule and donkey meat, with a 0.2% share.
From January 2023 to January 2024, the average monthly growth rate of the export volume of chicken meat stood at -1.8%. With regard to the other exported products, the following average monthly rates of growth were recorded: turkey meat (-5.7% per month) and horse, mule and donkey meat (+0.0% per month).
Export Prices by Country
In January 2024, the meat and poultry price stood at $1,644 per ton (FOB, Brazil), which is down by -36.4% against the previous month. In general, the export price recorded a noticeable descent. The growth pace was the most rapid in December 2023 an increase of 47% m-o-m. The export price peaked at $2,899 per ton in June 2023; however, from July 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($2,106 per ton), while the average price for exports to South Africa ($496 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-0.2%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the meat and poultry market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1108 - Meat of asses
- FCL 1089 - Meat of pigeons and other birds nes
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1058 - Chicken meat
- FCL 1069 - Duck meat
- FCL 1017 - Goat meat
- FCL 1073 - Goose meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
- FCL 1080 - Turkey meat
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
