Latin America and the Caribbean: Fresh Beef Cut Market 2020

Fresh Beef Cut Market Size in Latin America and the Caribbean

The revenue of the fresh beef cut market in Latin America and the Caribbean amounted to $X in 2017, going up by X% against the previous year. The fresh beef cut consumption continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2008, when market value increased by X% year-to-year. In that year, the fresh beef cut market reached their peak level of $X. From 2009 to 2017, growth of the fresh beef cut market stood at a somewhat lower level.

Fresh Beef Cut Production in Latin America and the Caribbean

In 2017, fresh beef cut production in Latin America and the Caribbean totaled X tons, rising by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2015, when the output figure increased by X% year-to-year. The volume of fresh beef cut production peaked in 2017, and is expected to retain its growth in the immediate term.

Fresh Beef Cut Exports in Latin America and the Caribbean

In 2017, the amount of fresh or chilled cuts of beef and veal exported in Latin America and the Caribbean totaled X tons, surging by X% against the previous year. The total exports indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the fresh beef cut exports increased by +X% against 2008 indices. The most prominent rate of growth was recorded in 2010, when exports increased by X% against the previous year. The volume of exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, fresh beef cut exports stood at $X in 2017. The total exports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the fresh beef cut exports increased by +X% against 2009 indices. The level of exports peaked in 2017, and are likely to continue its growth in the near future.

Fresh Beef Cut Exports by Country in Latin America and the Caribbean

Mexico (X tons), Brazil (X tons), Paraguay (X tons) and Argentina (X tons) represented roughly X% of total exports of fresh or chilled cuts of beef and veal in 2017. It was distantly followed by Uruguay (X tons), comprising X% share of total exports. Nicaragua (X tons) occupied the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest fresh beef cut markets worldwide were Mexico ($X), Brazil ($X) and Paraguay ($X), together accounting for X% of total exports.

Mexico (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Fresh Beef Cut Export Prices by Country in Latin America and the Caribbean

The fresh beef cut export price in Latin America and the Caribbean stood at $X per ton in 2017, approximately equating the previous year. The fresh beef cut export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when the export prices increased by X% y-o-y. Over the period under review, the export prices for fresh or chilled cuts of beef and veal reached its peak figure level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Uruguay ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Uruguay (+X% per year), while the other leaders experienced more modest paces of growth.

Fresh Beef Cut Imports in Latin America and the Caribbean

In 2017, approx. X tons of fresh or chilled cuts of beef and veal were imported in Latin America and the Caribbean; picking up by X% against the previous year. The fresh beef cut imports continue to indicate a moderate drop. The most prominent rate of growth was recorded in 2016, with an increase of X% y-o-y. Over the period under review, the fresh beef cut imports attained its peak figure volume of X tons in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In value terms, fresh beef cut imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, the fresh beef cut imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Fresh Beef Cut Imports by Country in Latin America and the Caribbean

Mexico (X tons) and Chile (X tons) represented the major importers of fresh or chilled cuts of beef and veal in 2017, recording near X% and X% of total imports, respectively. It was distantly followed by Brazil (X tons), generating X% share of total imports. El Salvador (X tons), Uruguay (X tons), Costa Rica (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Costa Rica (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Mexico ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by El Salvador, Costa Rica, Guatemala and Uruguay, which together accounted for a further X%.

In terms of the main importing countries , Guatemala (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Fresh Beef Cut Import Prices by Country in Latin America and the Caribbean

The fresh beef cut import price in Latin America and the Caribbean stood at $X per ton in 2017, going down by -X% against the previous year. The import price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the fresh beef cut import price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. Over the period under review, the import prices for fresh or chilled cuts of beef and veal reached its maximum level of $X per ton in 2015; however, from 2016 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Chile ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform