Chile: 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 Chile

The Chilean seafood meals and pellets market declined sharply to $X in 2021, which is down by -22.4% against the previous year. Over the period under review, consumption continues to indicate a slight setback. Over the period under review, the market reached the peak level at $X in 2020, and then shrank markedly in the following year.

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

In value terms, seafood meals and pellets production fell significantly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 57% against the previous year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

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

Exports from Chile

In 2021, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported from Chile; which is down by -17.7% on the previous year's figure. Over the period under review, exports recorded a noticeable decrease. The growth pace was the most rapid in 2020 when exports increased by 54%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, seafood meals and pellets exports dropped to $X in 2021. Overall, exports showed a mild downturn. The growth pace was the most rapid in 2020 when exports increased by 51% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of seafood meals and pellets exports from Chile, with a combined 60% share of total exports. These countries were followed by Japan, Germany, Spain, Taiwan (Chinese), Vietnam, Thailand, Canada, the Netherlands, Denmark and Italy, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +222.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and the United States ($X) constituted the largest markets for seafood meals and pellets exported from Chile worldwide, with a combined 61% share of total exports. Japan, Germany, Spain, Taiwan (Chinese), Vietnam, Canada, the Netherlands, Denmark, Thailand and Italy lagged somewhat behind, together comprising a further 34%.

The Netherlands, with a CAGR of +217.9%, saw the highest rates of growth with regard to 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

In 2021, the average seafood meals and pellets export price amounted to $X per ton, surging by 6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to South Korea ($X per ton) and Denmark ($X per ton), while the average price for exports to Thailand ($X per ton) and Vietnam ($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 Denmark (+2.4%), 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 Chile

In 2021, overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -23.5% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, seafood meals and pellets imports dropped to $X in 2021. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) constituted the largest seafood meals and pellets supplier to Chile, with a 47% share of total imports. Moreover, seafood meals and pellets imports from Mexico exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Peru (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+21.3% per year) and Peru (-30.4% per year).

In value terms, Mexico ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Chile, comprising 49% of total imports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total imports. It was followed by Peru, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico stood at +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+27.5% per year) and Peru (-29.1% per year).

Import Prices by Country

In 2021, the average seafood meals and pellets import price amounted to $X per ton, picking up by 17% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 24% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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