Mexico Projected as the Largest Poultry Importer by Next Year : USDA
Published By : 13 Aug 2014 | Published By : QYRESEARCH
The United States Department of Agriculture (USDA) projected that next year Mexico will be seen as the largest poultry importer across the globe. It will surpass Japan too.
According to the Mexico National Union of Poultry Farmers (UNA), Mexico ranks as the sixth largest poultry meat producer in the world. In 2013, Mexico was estimated to have 3 million tons of imports. The chicken meat is the most famous product all over the country imported at 12% from the Chile, Brazil, and the United States. In terms of foreign purchases of poultry products,Mexico is predicted to increase from 2013 to 2023. It is therefore expected to be the largest country across the world with a cumulative growth of 68.7%, surpassing the European Union (5.4%), China (44.7%),Japan (5.1%), andSaudi Arabia (27.4%).
The demand for the poultry products will be extremely dynamic in comparison to the production in the country. The demand is mainly boosted due to chicken which is regarded as the cheapest protein in the country’s market.
By 2015, the Mexican poultry imports will amount to 830,000 as compared to 785,000 tons last year. It will scale up to 1 million 97,000 tons by 2023, says USDA. The projections also show that almost a quarter of the growth will be needed over the next decade in the poultry imports market. In 2023, the United States would be the second largest poultry exporter in the world, with approximately 4 million (272,000 tons) of products being sold abroad. These estimations are projected after Brazil shows a statistics of 4 million (867,000 tons) globally.