Argentina: Frozen Fish Market 2024

Frozen Fish Market Size in Argentina

In 2022, the Argentinian frozen fish market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a noticeable reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Frozen Fish Production in Argentina

In value terms, frozen fish production fell to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Frozen Fish Exports

Exports from Argentina

After two years of decline, shipments abroad of frozen fish increased by X% to X tons in 2022. In general, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports surged to $X in 2022. Overall, exports, however, saw a perceptible decrease. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons), Russia (X tons) and the United States (X tons) were the main destinations of frozen fish exports from Argentina, with a combined X% share of total exports. Spain, Cameroon, Poland, Israel, Bolivia, Colombia, Nigeria, Ukraine, Cote d'Ivoire and Jordan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish exported from Argentina were Brazil ($X), the United States ($X) and Spain ($X), together comprising X% of total exports. Russia, Poland, Cameroon, Israel, Ukraine, Nigeria, Jordan, Cote d'Ivoire, Bolivia and Colombia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average frozen fish export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to Colombia ($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 Fish Imports

Imports into Argentina

In 2022, frozen fish imports into Argentina skyrocketed to X tons, rising by X% against 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish imports skyrocketed to $X in 2022. In general, imports continue to indicate a resilient increase. 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 supplier of frozen fish to Argentina, accounting for a X% share of total imports. Moreover, frozen fish imports from Chile exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

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

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

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

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price 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, frozen fish import price increased by X% against 2020 indices. As a result, import price reached 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 Ecuador ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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