Brazil: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Brazil

In 2022, after ten years of growth, there was significant decline in the Brazilian market for fresh or chilled salmonoids meat, when its value decreased by -39.9% to $X. In general, consumption, however, enjoyed significant growth. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Production of Fresh Or Chilled Salmonoids Meat in Brazil

In value terms, fresh or chilled salmonoids meat production declined remarkably to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 2,169,800%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from Brazil

Fresh or chilled salmonoids meat exports from Brazil skyrocketed to X kg in 2022, jumping by 95% on the year before. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,310%. As a result, the exports attained the peak of X kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh or chilled salmonoids meat exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 533%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X kg) was the main destination for fresh or chilled salmonoids meat exports from Brazil, accounting for a 55% share of total exports. Moreover, fresh or chilled salmonoids meat exports to Panama exceeded the volume sent to the second major destination, Liberia (X kg), threefold. Marshall Islands (X kg) ranked third in terms of total exports with a 12% share.

From 2018 to 2022, the average annual rate of growth in terms of volume to Panama amounted to -18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (0.0% per year) and Marshall Islands (+30.1% per year).

In value terms, Panama ($X) emerged as the key foreign market for fresh or chilled salmonoids meat exports from Brazil, comprising 56% of total exports. The second position in the ranking was held by Liberia ($X), with a 16% share of total exports. It was followed by Marshall Islands, with a 13% share.

From 2018 to 2022, the average annual growth rate of value to Panama stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (0.0% per year) and Marshall Islands (-6.4% per year).

Export Prices by Country

The average export price for fresh or chilled salmonoids meat stood at $X per ton in 2022, picking up by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 197%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Marshall Islands ($X per ton) and Liberia ($X per ton), while the average price for exports to South Korea ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+21.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into Brazil

In 2022, supplies from abroad of fresh or chilled salmonoids meat decreased by -31.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 168% against the previous year. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, fresh or chilled salmonoids meat imports contracted remarkably to $X in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 294% against the previous year. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, Chile (X tons) was the main supplier of fresh or chilled salmonoids meat to Brazil, accounting for a approx. 100% share of total imports.

From 2018 to 2022, the average annual growth rate of volume from Chile stood at +60.4%.

In value terms, Chile ($X) constituted the largest supplier of fresh or chilled salmonoids meat to Brazil.

From 2018 to 2022, the average annual growth rate of value from Chile stood at +54.8%.

Import Prices by Country

The average import price for fresh or chilled salmonoids meat stood at $X per ton in 2022, with a decrease of -8.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2018 to 2022, the rate of growth in terms of prices for Chile amounted to -3.5% per year.

Source: IndexBox Platform

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