Optimistic outlook for Mexico's meat production and consumption

Published Aug 30, 2024

Tridge summary

Mexico's meat consumption is expected to reach 82.5 kilograms per capita in 2033, making up two-thirds of the US's total meat consumption. Poultry will lead in consumption, followed by pork and then beef. To meet this demand, Mexico plans to increase both imports and domestic production, with chicken and pork imports expected to grow by 31% and 17% respectively, while beef imports may decrease by 5%. Additionally, imports of corn, soybeans, and soybean meal are anticipated to rise as livestock production increases. From 1993 to 2023, Mexico saw significant increases in corn, soybean, and soybean meal imports, and meat production. The North American Free Trade Agreement (NAFTA) and its successor, the USMCA, have played a key role in this market integration.

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

Original content

Mexico’s consumption of poultry, pork and beef combined is projected to reach 82.5 kilograms per capita in 2033, which is approximately two-thirds of projected total US meat consumption (124 kilograms). Taking the lead is poultry consumption, which is projected to rise from 38.3 kilograms per person in 2023 to 43.8 kilograms in 2033. Pork follows suit with a jump from 20.2 kilograms to 22.6 kilograms in the next 10 years. Beef will also see a slight increase from 15.7 kilograms to 16 kilograms. To meet the growing demand in Mexico, the country will likely increase its imports as well as domestic meat production. USDA’s report predicts Mexico’s chicken and pork imports will grow over the coming decade by 31% and 17%, respectively. However, beef imports are expected to drop by 5%. Imports of corn, soybeans and soybean meal are anticipated to rise as the country increases livestock production. Between 2023 and 2033, Mexico’s meat production is projected to rise 22% for chicken, 24% ...

Source: Meat+Poultry