Brazil - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBrazil's Turkey Meat Exports Decrease to $166M in 2023
Brazil Turkey Meat Exports
In 2023, shipments abroad of turkey meat increased by 9% to 62K tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports, however, showed a pronounced decline. The growth pace was the most rapid in 2022 when exports increased by 36% against the previous year. The exports peaked at 93K tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.
In value terms, turkey meat exports declined to $166M (IndexBox estimates) in 2023. Overall, exports, however, showed a mild setback. The most prominent rate of growth was recorded in 2022 when exports increased by 97%. Over the period under review, the exports attained the maximum at $192M in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Turkey Meat in Brazil (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Mexico | N/A | N/A | N/A | 9.7 | 11.9 | 18.8 | N/A | 0.6 | 9.3 | 62.7 | 55.7 |
| Netherlands | 18.5 | 15.4 | 15.0 | 29.3 | 24.6 | 16.6 | 26.4 | 20.5 | 16.9 | 12.9 | 25.5 |
| South Africa | 29.4 | 21.5 | 16.9 | 17.4 | 15.0 | 9.2 | 5.1 | 6.5 | 9.4 | 12.9 | 19.5 |
| Chile | 12.4 | 9.1 | 20.3 | 29.0 | 31.9 | 24.7 | 16.7 | 9.4 | 28.8 | 57.7 | 15.5 |
| Peru | 5.7 | 9.1 | 6.0 | 7.7 | 8.3 | 8.5 | 4.1 | 5.7 | 6.6 | 8.7 | 10.1 |
| Dominican Republic | N/A | N/A | N/A | 0.1 | N/A | N/A | N/A | 0.1 | 0.1 | 4.0 | 4.4 |
| Switzerland | 10.2 | 8.3 | 8.2 | 6.5 | 6.0 | 3.8 | 3.6 | 2.5 | 1.9 | 2.1 | 4.1 |
| Benin | 25.7 | 23.2 | 14.9 | 10.3 | 4.0 | 3.2 | 3.5 | 0.8 | 0.7 | 3.9 | 3.4 |
| Angola | 22.1 | 18.3 | 7.6 | 9.7 | 7.6 | 9.8 | 4.2 | 3.6 | 2.0 | 3.6 | 1.4 |
| Others | 67.8 | 44.3 | 51.7 | 55.1 | 31.3 | 20.3 | 10.9 | 14.3 | 17.4 | 15.2 | 26.4 |
| Total | 192 | 149 | 141 | 175 | 141 | 115 | 74.6 | 63.8 | 93.2 | 184 | 166 |
Exports by Country
Mexico (15K tons), South Africa (13K tons) and the Netherlands (5.7K tons) were the main destinations of turkey meat exports from Brazil, together comprising 54% of total exports. Peru, Chile, Benin, the Dominican Republic, Angola and Switzerland lagged somewhat behind, together accounting for a further 23%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +80.6%), while the other leaders experienced more modest paces of growth.
In value terms, Mexico ($56M) remains the key foreign market for turkey meat exports from Brazil, comprising 34% of total exports. The second position in the ranking was held by the Netherlands ($26M), with a 15% share of total exports. It was followed by South Africa, with a 12% share.
From 2013 to 2023, the average annual growth rate of value to Mexico totaled +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+3.3% per year) and South Africa (-4.0% per year).
Exports by Type
Frozen turkey cuts (57K tons) was the largest type of turkey meat exported from Brazil, with a 92% share of total exports. Moreover, frozen turkey cuts exceeded the volume of the second product type, frozen whole turkeys (4.7K tons), more than tenfold. The third position in this ranking was taken by fresh or chilled turkey cuts (27 tons), with less than 0.1% share.
From 2013 to 2023, the average annual growth rate of the volume of frozen turkey cuts exports totaled -4.6%. With regard to the other exported products, the following average annual rates of growth were recorded: frozen whole turkeys (+25.2% per year) and fresh or chilled turkey cuts (+295.2% per year).
In value terms, frozen turkey cuts ($155M) remains the largest type of turkey meat exported from Brazil, comprising 93% of total exports. The second position in the ranking was taken by frozen whole turkeys ($11M), with a 6.9% share of total exports. It was followed by fresh or chilled whole turkeys, with less than 0.1% share.
From 2013 to 2023, the average annual rate of growth in terms of the value of frozen turkey cuts exports totaled -2.1%. With regard to the other exported products, the following average annual rates of growth were recorded: frozen whole turkeys (+29.1% per year) and fresh or chilled whole turkeys (+169.6% per year).
Export Prices by Country
In 2023, the turkey meat price stood at $2,673 per ton (FOB, Brazil), with a decrease of -16.9% against the previous year. Overall, export price indicated pronounced growth from 2013 to 2023: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, turkey meat export price increased by +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of 45%. As a result, the export price reached the peak level of $3,218 per ton, and then contracted notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($4,453 per ton), while the average price for exports to Azerbaijan ($837 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the turkey meat 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 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
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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
