Brazil: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Brazil

The Brazilian battered fish fillet market expanded modestly to $X in 2021, growing by 3.8% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Battered Fish Fillet Production in Brazil

In value terms, battered fish fillet production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Battered Fish Fillet Exports

Exports from Brazil

In 2021, shipments abroad of fish fillets in batter or breadcrumbs decreased by -73% to X kg, falling for the second year in a row after two years of growth. In general, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2019 with an increase of 876%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports reduced sharply to $X in 2021. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 464% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X kg) and Singapore (X kg) were the main destinations of battered fish fillet exports from Brazil.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of 0.0%).

In value terms, the largest markets for battered fish fillet exported from Brazil were Hong Kong SAR ($X) and Singapore ($X).

Hong Kong SAR, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, which is down by -2.4% against the previous year. In general, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 an increase of 59%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+28.0%).

Battered Fish Fillet Imports

Imports into Brazil

In 2021, after two years of growth, there was significant decline in purchases abroad of fish fillets in batter or breadcrumbs, when their volume decreased by -16.5% to X tons. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 99% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, battered fish fillet imports dropped dramatically to $X in 2021. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 224% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of battered fish fillet to Brazil, accounting for a 83% share of total imports. Moreover, battered fish fillet imports from Argentina exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Argentina stood at -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+5.4% per year) and Portugal (-23.8% per year).

In value terms, Argentina ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Brazil, comprising 77% of total imports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina stood at -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+10.2% per year) and Portugal (-23.6% per year).

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, approximately equating the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 63%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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