Brazil: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Brazil

In 2020, the Brazilian frozen catfish fillets market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the market value increased by X% y-o-y. Frozen catfish fillets consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Frozen Catfish Fillets Production in Brazil

In value terms, frozen catfish fillets production contracted markedly to $X in 2020 estimated in export prices. In general, production recorded a perceptible descent. The growth pace was the most rapid in 2018 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Frozen Catfish Fillets Exports

Exports from Brazil

In 2020, overseas shipments of frozen catfish fillets decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports faced a dramatic descent. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen catfish fillets exports reduced sharply to $X in 2020. Overall, exports recorded a sharp setback. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Argentina (X tons), Marshall Islands (X tons) and Panama (X tons) were the main destinations of frozen catfish fillets exports from Brazil, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Argentina, while shipments for the other leaders experienced a decline.

In value terms, Argentina ($X), Marshall Islands ($X) and Panama ($X) were the largest markets for frozen catfish fillets exported from Brazil worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Argentina saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average frozen catfish fillets export price amounted to $X per ton, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($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 Panama (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Catfish Fillets Imports

Imports into Brazil

In 2020, after two years of decline, there was growth in overseas purchases of frozen catfish fillets, when their volume increased by X% to X tons. Overall, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen catfish fillets imports declined significantly to $X in 2020. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Vietnam (X tons) was the main supplier of frozen catfish fillets to Brazil, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Vietnam stood at +X%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish fillets to Brazil.

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

Import Prices by Country

The average frozen catfish fillets import price stood at $X per ton in 2020, declining by -X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Vietnam amounted to -X% per year.

Source: IndexBox Platform

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