Chile: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Chile

In 2021, the Chilean frozen fish meat market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, recorded a pronounced decrease. Frozen fish meat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Frozen Fish Meat Production in Chile

In value terms, frozen fish meat production rose to $X in 2021 estimated in export price. Overall, production continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 with an increase of 9.9%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Frozen Fish Meat Exports

Exports from Chile

In 2021, after three years of growth, there was decline in shipments abroad of frozen fish meat, when their volume decreased by -0.6% to X tons. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 12% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped modestly in the following year.

In value terms, frozen fish meat exports shrank slightly to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for frozen fish meat exports from Chile, accounting for a 58% share of total exports. Moreover, frozen fish meat exports to the United States exceeded the volume sent to the second major destination, France (X tons), ninefold. Canada (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.1% per year) and Canada (+34.5% per year).

In value terms, the United States ($X) remains the key foreign market for frozen fish meat exports from Chile, comprising 68% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.6% share of total exports. It was followed by Mexico, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+39.2% per year) and Mexico (+25.4% per year).

Export Prices by Country

The average frozen fish meat export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2017 an increase of 29%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Meat Imports

Imports into Chile

In 2021, approx. X tons of frozen fish meat were imported into Chile; rising by 136% against the year before. Overall, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish meat imports surged to $X in 2021. In general, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), China (X tons) and Mexico (X tons) were the main suppliers of frozen fish meat imports to Chile, with a combined 100% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +98.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Mexico ($X) appeared to be the largest frozen fish meat suppliers to Chile, together accounting for 100% of total imports.

Mexico, with a CAGR of +80.3%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average frozen fish meat import price amounted to $X per ton, rising by 27% against the previous year. Overall, the import price, however, saw a mild shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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