
The closure of the Chinese market and its consequences
China , which accounted for 22% of all Argentine chicken meat exports before the outbreak of highly pathogenic infection (HPAI), remains closed to Argentine shipments. This poses significant challenges for Argentine producers who are hoping to restore trade. However, following a technical visit by Chinese representatives to Argentina in May 2024 , there is hope that the market could be reopened by the end of the year.
Reopening trade with Chile
Chile, traditionally the second largest market for Argentine chicken meat, reopened in July 2024. This event was an important step for Argentine exporters looking to restore lost supply volumes. The reopening of trade with Chile is expected to contribute to an increase in overall export volumes, as this market has always been strategically important for Argentina.
Prospects in the Philippines
The Philippines could also become a significant destination for Argentine exports. In July 2024, a technical mission was sent to the Philippines to visit 55 poultry companies in Argentina. The results of this mission are still awaited, but there are already potential opportunities to expand supplies to this market. If the Philippines decides to purchase, this could significantly impact Argentine export volumes.
Economic factors and currency devaluation
Many industry experts predict that the Argentine government may devalue the currency before the end of 2024. This could improve the competitiveness of Argentine chicken meat in international markets, as the devaluation will make the product more affordable for foreign buyers. In addition, the government’s active debt negotiations could lead to a reduction in the gap between the official and informal dollar rates, which would also contribute to an improvement in the economic situation in the country.
Despite the current challenges, Argentine chicken meat exports are well positioned to grow in 2025. The recovery of trade with Chile, the potential opening of the Chinese market, and the development of relations with the Philippines create significant opportunities for Argentine producers. It is important that the government continue to work on economic reforms that will help improve conditions for exports and increase the competitiveness of Argentine products in the world market.