MERCOSUR: Canned Meat Market 2024

Canned Meat Market Size in MERCOSUR

The MERCOSUR canned meat market expanded to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption showed mild growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Canned Meat Production in MERCOSUR

In value terms, canned meat production rose slightly to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Canned Meat Exports

Exports in MERCOSUR

In 2023, shipments abroad of canned meat decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, canned meat exports declined to $X in 2023. Over the period under review, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Brazil was the major exporter of canned meat in MERCOSUR, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Argentina (X tons) and Chile (X tons), together creating a X% share of total exports. Uruguay (X tons) followed a long way behind the leaders.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uruguay (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. Argentina experienced a relatively flat trend pattern. By contrast, Chile (X%) illustrated a downward trend over the same period. Argentina (X p.p.) and Uruguay (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest canned meat supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Uruguay ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

In Brazil, canned meat exports shrank by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Canned Meat Imports

Imports in MERCOSUR

In 2023, overseas purchases of canned meat decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Total imports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then shrank in the following year.

In value terms, canned meat imports reduced to $X in 2023. Total imports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Chile (X tons) and Colombia (X tons) represented roughly X% of total imports in 2023. Venezuela (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Uruguay (X%), Argentina (X%) and Paraguay (X%). Ecuador (X tons) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Venezuela (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported canned meat in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

In Chile, canned meat imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Uruguay (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, remaining stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform