Brazil: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Brazil

The Brazilian frozen crustaceans market dropped slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Frozen Crustaceans Production in Brazil

In value terms, frozen crustaceans production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X%. Frozen crustaceans production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Frozen Crustaceans Exports

Exports from Brazil

In 2022, the amount of frozen crustaceans exported from Brazil fell markedly to X tons, with a decrease of X% on the previous year. Overall, total exports indicated notable 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 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, frozen crustaceans exports declined rapidly to $X in 2022. Over the period under review, total exports indicated a measured increase 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main destinations of frozen crustaceans exports from Brazil, together comprising X% of total exports.

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

In value terms, the largest markets for frozen crustaceans exported from Brazil were the United States ($X), China ($X) and Australia ($X), together comprising X% of total exports.

China, with a CAGR of X%, saw the highest growth rate of 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

The average frozen crustaceans export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Vietnam ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Brazil

In 2022, supplies from abroad of frozen crustaceans decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, frozen crustaceans imports contracted rapidly to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest frozen crustaceans supplier to Brazil, accounting for a X% share of total imports. Moreover, frozen crustaceans imports from Ecuador exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold.

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

In value terms, Chile ($X), Ecuador ($X) and Argentina ($X) appeared to be the largest frozen crustaceans suppliers to Brazil.

In terms of the main suppliers, Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen crustaceans import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. Over the period under review, average import prices attained the maximum 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 Chile ($X per ton), while the price for Argentina ($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 a decline.

Source: IndexBox Platform

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