Brazil: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Brazil

The Brazilian fish meals and pellet market reduced modestly to $X in 2021, waning by -4.3% against the previous year. In general, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish in Brazil

In value terms, fish meals and pellet production rose to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 6.9% 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.

Exports of Flours, Meals And Pellets Of Fish

Exports from Brazil

Fish meals and pellet exports from Brazil reduced remarkably to X kg in 2021, falling by -52.9% on the year before. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2016 with an increase of 232% against the previous year. The exports peaked at X kg in 2020, and then dropped remarkably in the following year.

In value terms, fish meals and pellet exports reduced markedly to $X in 2021. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 303%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for fish meals and pellet exports from Brazil, accounting for a 63% share of total exports. Moreover, fish meals and pellet exports to the United States exceeded the volume sent to the second major destination, Peru (X kg), eightfold. Hong Kong SAR (X kg) ranked third in terms of total exports with a 6.7% share.

From 2013 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (0.0% per year) and Hong Kong SAR (+300.0% per year).

In value terms, the United States ($X) remains the key foreign market for flours, meals and pellets of fish exports from Brazil, comprising 95% of total exports. The second position in the ranking was held by Panama ($X), with a 1% share of total exports. It was followed by Malta, with a 0.8% share.

From 2013 to 2021, the average annual growth rate of value to the United States totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+205.2% per year) and Malta (-61.9% per year).

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2014 an increase of 59% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+77.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish

Imports into Brazil

In 2020, supplies from abroad of flours, meals and pellets of fish was finally on the rise to reach X kg after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of 585% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2020, the growth of imports failed to regain momentum.

In value terms, fish meals and pellet imports skyrocketed to $X in 2020. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 644% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2020, the growth of imports failed to regain momentum.

Imports by Country

In 2020, Norway (X kg) was the main fish meals and pellet supplier to Brazil, with a approx. 100% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of volume from Norway amounted to -11.4%.

In value terms, Norway ($X) constituted the largest supplier of flours, meals and pellets of fish to Brazil.

From 2012 to 2020, the average annual rate of growth in terms of value from Norway stood at -8.4%.

Import Prices by Country

The average fish meals and pellet import price stood at $X per ton in 2020, waning by -3.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Norway amounted to +3.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :