Brazil: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Brazil

The Brazilian frozen atlantic halibut market totaled $X in 2019, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Frozen atlantic halibut consumption peaked at $X in 2018, and then stood in the following year.

Frozen Atlantic Halibut Production in Brazil

In value terms, frozen atlantic halibut production surged to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a drastic downturn. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Frozen Atlantic Halibut Exports

Exports from Brazil

In 2020, overseas shipments of frozen atlantic halibut increased by X% to X kg, rising for the fourth consecutive year after six years of decline. Over the period under review, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Exports peaked at X kg in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen atlantic halibut exports soared to $X in 2020. Overall, exports, however, posted slight growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Singapore (X kg), Norway (X kg) and the Netherlands (X kg) were the main destinations of frozen atlantic halibut exports from Brazil, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in the Netherlands (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Netherlands ($X) and Norway ($X) appeared to be the largest markets for frozen atlantic halibut exported from Brazil worldwide, with a combined X% share of total exports.

Norway (+X% per year) saw the highest growth rate of the value of exports, among 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 atlantic halibut export price stood at $X per ton in 2020, therefore, remained relatively stable against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports into Brazil

In 2020, purchases abroad of frozen atlantic halibut increased by X% to X kg, rising for the sixth consecutive year after three years of decline. Over the period under review, total imports indicated a perceptible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, frozen atlantic halibut imports rose notably to $X in 2020. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see steady growth in years to come.

Imports by Country

In 2020, the U.S. (X kg) constituted the largest supplier of frozen atlantic halibut to Brazil, with a X% share of total imports. Moreover, frozen atlantic halibut imports from the U.S. exceeded the figures recorded by the second-largest supplier, Germany (X kg), fivefold.

From 2007 to 2020, the average annual growth rate of volume from the U.S. amounted to +X%.

In value terms, the U.S. ($X) constituted the largest supplier of frozen atlantic halibut to Brazil, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

The average frozen atlantic halibut import price stood at $X per ton in 2020, remaining constant against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2019 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum in 2020 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Germany totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

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