Brazil - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBrazil's Frozen Whole Fish Price Reduces 9%, Averaging $1,813 per Ton
Brazil Frozen Whole Fish Import Price in December 2022
In December 2022, the frozen whole fish price stood at $1,813 per ton (CIF, Brazil), shrinking by -9.3% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when the average import price increased by 69% against the previous month. Over the period under review, average import prices hit record highs at $3,016 per ton in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Portugal ($7,783 per ton), while the price for Oman ($919 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Brazil Frozen Whole Fish Imports
In December 2022, supplies from abroad of frozen whole fish increased by 25% to 13K tons, rising for the second consecutive month after two months of decline. In general, imports posted a pronounced increase. The growth pace was the most rapid in November 2022 when imports increased by 56% against the previous month. Imports peaked in December 2022.
In value terms, frozen whole fish imports expanded rapidly to $24M (IndexBox estimates) in December 2022. Overall, total imports indicated a perceptible expansion from January 2022 to December 2022: its value increased at an average monthly rate of +4.2% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, imports increased by +58.6% against October 2022 indices. The pace of growth was the most pronounced in August 2022 when imports increased by 43% m-o-m. Imports peaked in December 2022.
Brazil Frozen Whole Fish Imports by Country
In December 2022, Morocco (8.9K tons) constituted the largest supplier of frozen whole fish to Brazil, with a 67% share of total imports. Moreover, frozen whole fish imports from Morocco exceeded the figures recorded by the second-largest supplier, Oman (2.1K tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (725 tons), with a 5.4% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of volume from Morocco stood at +8.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Oman (-2.0% per month) and Taiwan (Chinese) (+0.5% per month).
In value terms, Morocco ($11M) constituted the largest supplier of frozen whole fish to Brazil, comprising 45% of total imports. The second position in the ranking was taken by Portugal ($4.5M), with a 19% share of total imports. It was followed by Chile, with a 16% share.
From January 2022 to December 2022, the average monthly growth rate of value from Morocco totaled +9.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Portugal (+3.5% per month) and Chile (+7.7% per month).
Frozen Whole Fish Market Overview
In Brazil, frozen whole fish is typically used in fish stews and soups. It is also a popular ingredient in "ceviche", a dish made with raw fish that is marinated in citrus juice. Brazil has a long coastline, and its people have a strong tradition of eating seafood.
The Brazilian frozen whole fish market is the largest in Latin America, and it is expected to continue growing in the coming years. The market is highly import-dependent. This dependence has led to some challenges for the Brazilian market, including high prices and volatile supply. However, the market has also been growing in recent years, driven by increasing demand from both consumers and businesses.
This report provides an in-depth analysis of the frozen whole fish market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
