Latin America and the Caribbean: Chicken Egg Market 2024

Chicken Egg Market Size in Latin America and the Caribbean

In 2022, the Latin American chicken egg market decreased by X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Chicken Egg Production in Latin America and the Caribbean

In value terms, chicken egg production totaled $X in 2022 estimated in export price. Overall, production posted a perceptible expansion. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Mexico (X tons) and Colombia (X tons), with a combined X% share of total production. Argentina, Peru, Guatemala and Chile lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Peru (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Chicken Egg Exports

Exports in Latin America and the Caribbean

In 2022, chicken egg exports in Latin America and the Caribbean contracted modestly to X tons, which is down by X% compared with the year before. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, chicken egg exports surged to $X in 2022. Over the period under review, exports recorded a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Panama (X tons) took the second position in the ranking, followed by Argentina (X tons) and Honduras (X tons). All these countries together held approx. X% share of total exports. The following exporters - Costa Rica (X tons) and Guatemala (X tons) - together made up X% of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Panama (X%), Guatemala (X%), Argentina (X%) and Honduras (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Costa Rica (X%) illustrated a downward trend over the same period. Panama (X p.p.), Argentina (X p.p.), Honduras (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total exports, while Costa Rica saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest chicken egg supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Panama (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Chicken Egg Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of chicken eggs decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a notable increase. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, chicken egg imports expanded slightly to $X in 2022. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X tons) was the main importer of chicken eggs, generating X% of total imports. Bahamas (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Jamaica (X%), Aruba (X%) and Trinidad and Tobago (X%). Paraguay (X tons), Costa Rica (X tons), Chile (X tons), Nicaragua (X tons), Peru (X tons), El Salvador (X tons), Guyana (X tons) and Honduras (X tons) took a relatively small share of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%), Bahamas (X%), Aruba (X%), Guyana (X%), Costa Rica (X%), El Salvador (X%), Jamaica (X%), Peru (X%), Paraguay (X%), Honduras (X%) and Trinidad and Tobago (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Nicaragua (X%) illustrated a downward trend over the same period. Bahamas (X p.p.), Aruba (X p.p.), Jamaica (X p.p.), Chile (X p.p.), Costa Rica (X p.p.), El Salvador (X p.p.) and Guyana (X p.p.) significantly strengthened its position in terms of the total imports, while Nicaragua and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported chicken eggs in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Jamaica ($X), with a X% share of total imports. It was followed by Trinidad and Tobago, with a X% share.

In Mexico, chicken egg imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jamaica (X% per year) and Trinidad and Tobago (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a noticeable expansion 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, chicken egg import price increased by X% against 2020 indices. 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 Guyana ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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