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

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

The Brazilian seafood meals and pellets market dropped to $X in 2021, which is down by -10.9% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Brazil

In value terms, seafood meals and pellets production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 26%. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Brazil

In 2021, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported from Brazil; growing by 13% on 2020. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 608% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, seafood meals and pellets exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 562%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and Nigeria (X tons) were the main destinations of seafood meals and pellets exports from Brazil, together comprising 60% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +95.9%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the United States ($X) and Nigeria ($X) appeared to be the largest markets for seafood meals and pellets exported from Brazil worldwide, together accounting for 61% of total exports.

Nigeria, with a CAGR of +107.2%, 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 2021, the average seafood meals and pellets export price amounted to $X per ton, increasing by 3% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 26%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Vietnam ($X per ton) and the United States ($X per ton), while the average price for exports to Costa Rica ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Brazil

For the third year in a row, Brazil recorded decline in purchases abroad of flours, meals and pellets of fish or of crustaceans and molluscs, which decreased by -9.2% to X tons in 2021. Over the period under review, imports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2013 when imports increased by 34%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, seafood meals and pellets imports fell to $X in 2021. In general, imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of 70% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest seafood meals and pellets supplier to Brazil, accounting for a 74% share of total imports. Moreover, seafood meals and pellets imports from Chile exceeded the figures recorded by the second-largest supplier, Denmark (X tons), sixfold. Peru (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Chile stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+47.7% per year) and Peru (+11.0% per year).

In value terms, Chile ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Brazil, comprising 67% of total imports. The second position in the ranking was held by Denmark ($X), with a 13% share of total imports. It was followed by Peru, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Chile stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+52.4% per year) and Peru (+10.3% per year).

Import Prices by Country

In 2021, the average seafood meals and pellets import price amounted to $X per ton, declining by -2.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 an increase of 26%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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