Chile: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Chile

The Chilean preserved fish fillet market reduced modestly to $X in 2021, with a decrease of -5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Preserved fish fillet consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Preserved Fish Fillet Production in Chile

In value terms, preserved fish fillet production declined to $X in 2021 estimated in export price. In general, production saw a mild shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Preserved Fish Fillet Exports

Exports from Chile

Preserved fish fillet exports from Chile surged to X tons in 2021, with an increase of 46% compared with 2020. In general, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 160% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, preserved fish fillet exports totaled $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2017 with an increase of 347% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for preserved fish fillet exports from Chile, accounting for a 75% share of total exports. Moreover, preserved fish fillet exports to Japan exceeded the volume sent to the second major destination, Colombia (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at -18.4%.

In value terms, Japan ($X) and Colombia ($X) were the largest markets for preserved fish fillet exported from Chile worldwide.

In terms of the main countries of destination, Colombia, with a CAGR of +57.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average preserved fish fillet export price stood at $X per ton in 2021, dropping by -31.6% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 85% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Japan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Fish Fillet Imports

Imports into Chile

In 2021, the amount of fish fillets (dried, salted or in brine, but not smoked) imported into Chile fell dramatically to X tons, with a decrease of -64.7% on 2020 figures. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 4,730% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, preserved fish fillet imports dropped markedly to $X in 2021. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 3,127% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tons), Spain (X tons) and South Korea (X kg) were the main suppliers of preserved fish fillet imports to Chile, together comprising 100% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +20.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Peru ($X) and South Korea ($X) appeared to be the largest preserved fish fillet suppliers to Chile, with a combined 100% share of total imports.

Spain, with a CAGR of +11.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved fish fillet import price stood at $X per ton in 2021, jumping by 44% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved fish fillet import price decreased by -26.5% against 2014 indices. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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