Argentina: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Argentina

In 2021, the Argentinian fish meals and pellet market increased by 137% to $X for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, consumption, however, faced a drastic downturn. Fish meals and pellet consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish in Argentina

In value terms, fish meals and pellet production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Argentina

In 2021, overseas shipments of flours, meals and pellets of fish decreased by -31.7% to X tons for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 181% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then fell rapidly in the following year.

In value terms, fish meals and pellet exports dropped remarkably to $X in 2021. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 236%. The exports peaked at $X in 2020, and then fell remarkably in the following year.

Exports by Country

Nigeria (X tons) was the main destination for fish meals and pellet exports from Argentina, accounting for a 49% share of total exports. Moreover, fish meals and pellet exports to Nigeria exceeded the volume sent to the second major destination, Myanmar (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria amounted to +60.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+29.9% per year) and Belgium (+24.5% per year).

In value terms, the largest markets for fish meals and pellet exported from Argentina were Belgium ($X), Myanmar ($X) and Nigeria ($X), with a combined 72% share of total exports.

Among the main countries of destination, Nigeria, with a CAGR of +30.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fish meals and pellet export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.9%), while the prices for the other major destinations experienced a decline.

Imports of Flours, Meals And Pellets Of Fish

Imports into Argentina

In 2021, overseas purchases of flours, meals and pellets of fish increased by 207% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fish meals and pellet imports surged to $X in 2021. Over the period under review, imports, however, faced a abrupt shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Norway (X tons) was the main supplier of fish meals and pellet to Argentina, with a 95% share of total imports. Moreover, fish meals and pellet imports from Norway exceeded the figures recorded by the second-largest supplier, France (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway totaled -10.0%.

In value terms, Norway ($X) constituted the largest supplier of flours, meals and pellets of fish to Argentina, comprising 95% of total imports. The second position in the ranking was taken by France ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway amounted to -16.0%.

Import Prices by Country

The average fish meals and pellet import price stood at $X per ton in 2021, shrinking by -28.9% against the previous year. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 71% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Norway ($X per ton), while the price for France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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