MERCOSUR: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in MERCOSUR

The MERCOSUR preserved cows meat market expanded markedly to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2023 and is likely to continue growth in the immediate term.

Preserved Cows Meat Production in MERCOSUR

In value terms, preserved cows meat production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Preserved Cows Meat Exports

Exports in MERCOSUR

For the third year in a row, MERCOSUR recorded decline in shipments abroad of prepared or preserved meat or offal of bovine animals, which decreased by X% to X tons in 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, preserved cows meat exports contracted to $X in 2023. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Brazil (X tons) represented the main exporter of prepared or preserved meat or offal of bovine animals, creating X% of total exports. Argentina (X tons) held the second position in the ranking, distantly followed by Uruguay (X tons). All these countries together took approx. X% share of total exports. Paraguay (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, Paraguay (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. Argentina experienced a relatively flat trend pattern. While the share of Uruguay (X p.p.) and Paraguay (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: 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, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then contracted 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 Brazil (X%), while the other leaders experienced a decline in the export price figures.

Preserved Cows Meat Imports

Imports in MERCOSUR

In 2023, the amount of prepared or preserved meat or offal of bovine animals imported in MERCOSUR rose rapidly to X tons, with an increase of X% compared with the previous year. Total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked in 2023 and is likely to see steady growth in the near future.

In value terms, preserved cows meat imports reached $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, Chile (X tons) was the main importer of prepared or preserved meat or offal of bovine animals, comprising X% of total imports. It was distantly followed by Ecuador (X tons), Peru (X tons), Paraguay (X tons), Guyana (X tons) and Uruguay (X tons), together constituting a X% share of total imports. Venezuela (X tons) followed a long way behind the leaders.

Imports into Chile increased at an average annual rate of X% from 2012 to 2023. At the same time, Venezuela (X%), Uruguay (X%), Guyana (X%), Paraguay (X%), Ecuador (X%) and Peru (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. While the share of Guyana (X p.p.), Uruguay (X p.p.), Ecuador (X p.p.), Paraguay (X p.p.) and Venezuela (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported prepared or preserved meat or offal of bovine animals in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Ecuador ($X), with a X% share of total imports. It was followed by Peru, with an X% share.

In Chile, preserved cows 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: Ecuador (X% per year) and Peru (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price saw a slight contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 Uruguay (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform