Argentina: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Argentina

The Argentinian frozen fish and seafood market rose significantly to $X in 2022, growing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Frozen Fish And Seafood in Argentina

In value terms, frozen fish and seafood production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Frozen fish and seafood production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Frozen Fish And Seafood

Exports from Argentina

Frozen fish and seafood exports from Argentina amounted to X tons in 2022, surging by X% against 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen fish and seafood exports contracted modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), China (X tons) and South Korea (X tons) were the main destinations of frozen fish and seafood exports from Argentina, with a combined X% share of total exports. Thailand, Brazil, the United States, Russia, Singapore, Italy, Japan, Cameroon, Vietnam and Peru lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and the United States ($X) were the largest markets for frozen fish and seafood exported from Argentina worldwide, together accounting for X% of total exports. Thailand, Italy, South Korea, Brazil, Japan, Russia, Peru, Singapore, Vietnam and Cameroon lagged somewhat behind, together accounting for a further X%.

Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fish and seafood export price amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cameroon ($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 Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Argentina

In 2022, imports of frozen fish and seafood into Argentina soared to X tons, with an increase of X% compared with 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports surged to $X in 2022. Over the period under review, total imports indicated notable growth 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) constituted the largest frozen fish and seafood supplier to Argentina, with a X% share of total imports. Moreover, frozen fish and seafood imports from Chile exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Ecuador (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Ecuador (X% per year).

In value terms, Chile ($X) constituted the largest supplier of frozen fish and seafood to Argentina, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Ecuador, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Ecuador (X% per year).

Import Prices by Country

In 2022, the average frozen fish and seafood import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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