2023 closing projection for Chilean meat and outlook for animal protein in 2024

Published 2023년 12월 27일

Tridge summary

In 2023, Chile saw mixed trends in the production and export of turkey, chicken, and pork meat, with increases in some sectors and decreases in others. China, South Korea, and Japan continue to be the main markets for Chilean pork, with an expected increase in volume and share in value. The outlook for 2024 is favorable for Chilean pork and poultry producers, with a global increase in production, tight margins, and a slower pace of growth anticipated but opportunities and risks in the market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Chile, the production and export of turkey, chicken and pork meat in 2023 showed mixed trends, with increases in some sectors and decreases in others. China, South Korea and Japan remain the main markets for Chilean pork. Analyzing in detail each protein produced and exported, Chilean Customs figures for 2023 indicate that the pork producing industry will export 296 thousand tons vara, which implies an increase in volume of 12% in relation to 2022, and a share in value of more than US$ 740,000 million, which means an increase of 15% compared to 2022. “The year 2024 is expected to be favorable for Chilean pork and poultry producers. After going through a two-year period of high production costs, global pig production decreased slightly, contributing to price stabilization, which should ensure greater profits for pork producers in 2024,” commented Juan Carlos Domínguez, President from ChileCarne. On the other hand, the turkey meat production industry will have exported more than ...

Source: Portaldelcampo