Argentina: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Argentina

In 2022, after three years of decline, there was significant growth in the Argentinian frozen crustaceans market, when its value increased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Frozen crustaceans consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Frozen Crustaceans Production in Argentina

In value terms, frozen crustaceans production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Frozen Crustaceans Exports

Exports from Argentina

In 2022, the amount of frozen crustaceans exported from Argentina fell to X tons, which is down by X% compared with 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen crustaceans exports dropped markedly to $X in 2022. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for frozen crustaceans exports from Argentina, with a X% share of total exports. Moreover, frozen crustaceans exports to Spain exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was held by Italy (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Italy (X% per year).

In value terms, Spain ($X) remains the key foreign market for frozen crustaceans exports from Argentina, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average frozen crustaceans export price amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Argentina

Frozen crustaceans imports into Argentina surged to X tons in 2022, growing by X% compared with the previous year. In general, imports saw a perceptible expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen crustaceans imports soared to $X in 2022. Overall, imports recorded a pronounced expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) was the main frozen crustaceans supplier to Argentina, accounting for a X% share of total imports. It was followed by Cuba (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Ecuador totaled X%.

In value terms, Ecuador ($X) constituted the largest supplier of frozen crustaceans to Argentina, comprising X% of total imports. The second position in the ranking was taken by Cuba ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador stood at X%.

Import Prices by Country

In 2022, the average frozen crustaceans import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cuba ($X per ton), while the price for Ecuador stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (X%).

Source: IndexBox Platform

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