Frozen Chicken Cut Market Overview in Latin America and the Caribbean
In value terms, frozen chicken cut production expanded rapidly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. The level of production peaked in 2019 and is expected to retain growth in years to come.
Brazil ( tonnes) remains the largest frozen chicken cut producing country in Latin America and the Caribbean, comprising approx. % of total volume. Moreover, frozen chicken cut production in Brazil exceeded the figures recorded by the second-largest producer, Argentina ( tonnes), tenfold. The third position in this ranking was occupied by Mexico ( tonnes), with a % share.
From 2007 to 2019, the average annual growth rate of volume in Brazil amounted to +%. In the other countries, the average annual rates were as follows: Argentina (+% per year) and Mexico (-% per year).
The revenue of the frozen chicken cut market in Latin America and the Caribbean stood at $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by % y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in years to come.
From 2007 to 2019, the biggest increases were in Haiti, while frozen chicken cut consumption for the other leaders experienced more modest paces of growth.
In value terms, Brazil ($), Mexico ($) and Argentina ($) constituted the countries with the highest levels of market value in 2019, with a combined % share of the total market. These countries were followed by Colombia, Cuba, Peru, Venezuela, Chile, Guatemala, Ecuador and Haiti, which together accounted for a further %.
Haiti recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while frozen chicken cut market for the other leaders experienced more modest paces of growth.
In 2019, the highest levels of frozen chicken cut per capita consumption was registered in Cuba ( kg per person), followed by Haiti ( kg per person), Guatemala ( kg per person) and Argentina ( kg per person), while the world average per capita consumption of frozen chicken cut was estimated at kg per person.
From 2007 to 2019, the average annual rate of growth in terms of the frozen chicken cut per capita consumption in Cuba stood at +%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Haiti (+% per year) and Guatemala (+% per year).