Brazil chicken sales expected to hit new records in 2024 - Cepea

Brazil supplies more than one third of globally traded chicken
calendar icon 16 January 2024
clock icon 1 minute read

The Brazilian poultry market may continue to register records in 2024, according to projections performed by Cepea. Chicken meat production is likely to continue to climb this year. Firm exports may be determinant for this trend.

The national chicken meat production totalled 10.1 million tons in the partial of 2023 (from January to September), up 6.1% compared to the same period last year.

Brazilian shipments totalled 4.6 million tons in the first 11 months of 2023, for an increase of 5.6% in relation to that in the same period of 2022, and the highest of Secex series, which has started in 1997.

Cepea surveys show that the volume of chicken meat may total 13.9 million tons this year, 2% up compared to that expected for 2023. Exports, in turn, are likely to surpass 5.1 million tons.

The sector has positive expectations about the international market. Data from the USDA indicate that Brazilian chicken meat shipments may move up almost 4% in 2024, while the global average is close to 3%.

Brazil is currently responsible for more than one third of chicken meat traded in the world, and this number may increase even more in 2024 – high competitiveness of prices in Brazil and impacts of avian influenza in important players of the poultry market in the world favour this scenario.

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