Latin America and the Caribbean: Market for Eggs, Excluding Hen Eggs 2024

Market Size for Eggs, Excluding Hen Eggs in Latin America and the Caribbean

The Latin American egg, excluding hen egg market totaled $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Eggs, Excluding Hen Eggs in Latin America and the Caribbean

In value terms, egg, excluding hen egg production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Brazil (X tons) remains the largest egg, excluding hen egg producing country in Latin America and the Caribbean, accounting for X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Brazil was relatively modest.

Exports of Eggs, Excluding Hen Eggs

Exports in Latin America and the Caribbean

In 2022, exports of eggs, excluding hen eggs in Latin America and the Caribbean fell dramatically to X tons, dropping by X% on 2021. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, egg, excluding hen egg exports totaled $X in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) represented the key exporter of eggs, excluding hen eggs, making up X% of total exports. Costa Rica (X tons) ranks second in terms of the total exports with a X% share, followed by El Salvador (X%). Peru (X tons) and Jamaica (X tons) followed a long way behind the leaders.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, El Salvador (X%), Costa Rica (X%) and Jamaica (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Costa Rica (X p.p.), El Salvador (X p.p.) and Jamaica (X p.p.) significantly strengthened its position in terms of the total exports, while Peru saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest egg, excluding hen egg supplying countries in Latin America and the Caribbean were Costa Rica ($X), Brazil ($X) and El Salvador ($X), together comprising X% of total exports.

El Salvador, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate a slight expansion. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (X%), while the other leaders experienced more modest paces of growth.

Imports of Eggs, Excluding Hen Eggs

Imports in Latin America and the Caribbean

In 2022, purchases abroad of eggs, excluding hen eggs decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, egg, excluding hen egg imports rose sharply to $X in 2022. Over the period under review, imports recorded a mild curtailment. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico was the major importer of eggs, excluding hen eggs in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Saint Maarten (Dutch part) (X tons), Peru (X tons), Bahamas (X tons) and Guyana (X tons), together generating a X% share of total imports. Cayman Islands (X tons), Haiti (X tons), Guatemala (X tons), Honduras (X tons) and Trinidad and Tobago (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%), Saint Maarten (Dutch part) (X%), Cayman Islands (X%), Honduras (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Bahamas (X%), Haiti (X%), Trinidad and Tobago (X%) and Guyana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Saint Maarten (Dutch part), Peru, Bahamas, Cayman Islands, Honduras and Guatemala increased by X, X, X, X, X, X and X percentage points, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported eggs, excluding hen eggs in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Honduras ($X), with an X% share of total imports. It was followed by Peru, with a X% share.

In Mexico, egg, excluding hen egg imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Honduras (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price showed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Honduras ($X per ton), while Saint Maarten (Dutch part) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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