Nicaragua: Poultry Farmers with Pessimistic Predictions

The country's chicken producers estimate that they will close 2020 with a 1.3% decrease in sales, a drop that would be explained by the drop in orders from hotels and restaurants, establishments that operate partially due to the low presence of tourists.

Tuesday, November 24, 2020

The spread of covid-19 caused considerable damage to the tourism and restaurant sector, since the country's air connection was interrupted and up to now few tourists remain there.

You may be interested in "Processed Meat and Post-Quarantine Demand"

If the forecasts for the poultry sector come true, this would be the third consecutive year in which a drop in production is reported, since according to data from the Central Bank of Nicaragua (BCN), in 2018 a drop of 4.2% was recorded and in 2019 the decrease amounted to 0.2%.

Laprensa.com.ni reviews that the sector's estimates are based "... according to the evolution of the data reflected by the BCN. As of July this year, production amounted to 177.1 million pounds."

See "Poultry Market in Central America"

The article adds that "... The situation had been slightly offset by local consumption, which has also been affected by the massive migration of Nicaraguans after the outbreak of the political crisis in April 2018, the fall in purchasing power and unemployment from three years of recession."

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The diffusion of campaigns that promote the consumption of chicken meat and its low price are factors that have influenced the growth in per capita consumption of the product in the Guatemalan market by 60% between 2018 and 2019.

Data from the National Association of Poultry Farmers (Anavi) indicates that between 2018 and 2019, the average annual consumption of chicken meat for each Guatemalan increased by 25 pounds, from 41.45 pounds to 66.5 pounds.

Poultry Business in Honduras

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In the local market, the demand for fried and roasted chicken is estimated at 640,000 parts per day and each consumer spends an average of $3.33 on each purchase.

Figures from the National Association of Poultry Farmers of Honduras (Anavih) detail that weekly consumption of cooked chicken amounts to about 4.4 million pieces and approximately 25% of total Honduran consumers buy this type of food.

Chicken Meat: Less Production in Nicaragua

July 2019

Businessmen in the sector estimate that local chicken meat production has contracted between 6% and 8% since the crisis began in April last year.

Data from the Central Bank of Nicaragua detail that during 2018 the industrial production of chicken meat totaled 298 million pounds.

Chicken Consumption in Panama

September 2015

An increase of 4.4% has been reported in the consumption of poultry meat compared to the same period in 2014, driven by lower prices compared to other alternatives such as beef.

Figures from the National Poultry Association indicate a 4.41% increase in chicken consumption in the first half of 2015, reaching a total of 167 million pounds consumed in the period in question.

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