Latin America and the Caribbean: Market for Hams, Shoulders And Cuts Of Swine (Salted, in Brine, Dried or Smoked) 2024

Market Size for Hams, Shoulders And Cuts Of Swine (Salted, in Brine, Dried or Smoked) in Latin America and the Caribbean

The Latin American market for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) rose markedly to $X in 2022, picking up by X% against the previous year. In general, consumption saw a mild downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Hams, Shoulders And Cuts Of Swine (Salted, in Brine, Dried or Smoked) in Latin America and the Caribbean

In value terms, production of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) soared to $X in 2022 estimated in export price. Overall, production showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production of hit record highs in 2022 and is likely to continue growth in the immediate term.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Hams, Shoulders And Cuts Of Swine (Salted, in Brine, Dried or Smoked)

Exports in Latin America and the Caribbean

In 2022, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) reduced markedly to $X in 2022. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Brazil prevails in smoked) structure, accounting for X tons, which was near X% of total exports in 2022. Trinidad and Tobago (X kg) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the hams, shoulders and cuts of swine (salted, in brine, dried or smoked) exports, with a CAGR of X% from 2012 to 2022. Trinidad and Tobago (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) emerged as the largest salted, dried, or smoked hams, shoulders and cuts of swine supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Trinidad and Tobago ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The growth pace was the most rapid in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

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 Trinidad and Tobago ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (X%).

Imports of Hams, Shoulders And Cuts Of Swine (Salted, in Brine, Dried or Smoked)

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) expanded notably to $X in 2022. Overall, imports showed a slight reduction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Bahamas (X tons) and Puerto Rico (X tons) prevails in smoked) structure, together constituting X% of total imports. It was distantly followed by Chile (X tons), making up a X% share of total imports. The following importers - Grenada (X tons), Brazil (X tons), Mexico (X tons), Antigua and Barbuda (X tons) and Curacao (X tons) - each recorded an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Curacao (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salted, dried, or smoked hams, shoulders and cuts of swine importing markets in Latin America and the Caribbean were Bahamas ($X), Mexico ($X) and Puerto Rico ($X), with a combined X% share of total imports.

Bahamas, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform