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

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

In 2021, the Argentinian seafood meals and pellets market decreased by -1% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2020, and then shrank slightly in the following year.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Argentina

In value terms, seafood meals and pellets production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production saw a mild reduction. The most prominent rate of growth was recorded in 2015 with an increase of 7.9% against the previous year. Seafood meals and pellets production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Argentina

Seafood meals and pellets exports from Argentina fell remarkably to X tons in 2021, with a decrease of -23.7% against 2020. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, seafood meals and pellets exports shrank markedly to $X in 2021. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 68%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for seafood meals and pellets exports from Argentina, accounting for a 70% share of total exports. Moreover, seafood meals and pellets exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United States (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) amounted to -1.9%.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Argentina, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) stood at -2.3%.

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, falling by -4.2% against the previous year. Over the period under review, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Argentina

In 2021, overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -5.6% to X tons, falling for the eighth year in a row after two years of growth. Overall, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2013 with an increase of 29% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, seafood meals and pellets imports shrank to $X in 2021. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 35% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) was the main supplier of seafood meals and pellets to Argentina, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Chile stood at -20.6%.

In value terms, Chile ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Argentina.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile amounted to -19.0%.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2016 an increase of 11% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +2.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :