Chile: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Chile

In 2021, the Chilean frozen freshwater fish market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Frozen Freshwater Fish Production in Chile

In value terms, frozen freshwater fish production totaled $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Frozen Freshwater Fish Exports

Exports from Chile

For the seventh year in a row, Chile recorded decline in overseas shipments of frozen freshwater fish, which decreased by -32.1% to X tons in 2021. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 3.6% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen freshwater fish exports declined rapidly to $X in 2021. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 8% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons), the Dominican Republic (X tons) and Ukraine (X tons) were the main destinations of frozen freshwater fish exports from Chile, with a combined 53% share of total exports. South Africa, Japan, Poland, the United States, Russia, South Korea, China, Namibia, Colombia and the United Arab Emirates lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +40.1%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for frozen freshwater fish exports from Chile, comprising 43% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 9.3% share of total exports. It was followed by Ukraine, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-4.5% per year) and Ukraine (-4.8% per year).

Export Prices by Country

In 2021, the average frozen freshwater fish export price amounted to $X per ton, rising by 4.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Namibia ($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 Namibia (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Freshwater Fish Imports

Imports into Chile

In 2021, after two years of decline, there was significant growth in supplies from abroad of frozen freshwater fish, when their volume increased by 389% to X tons. Overall, imports, however, faced a abrupt curtailment. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, frozen freshwater fish imports soared to $X in 2021. In general, imports enjoyed modest growth. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Colombia (X tons) were the main suppliers of frozen freshwater fish imports to Chile, with a combined 87% 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 China (with a CAGR of +62.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of frozen freshwater fish to Chile, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Colombia, with a 20% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+60.0% per year) and Colombia (+37.0% per year).

Import Prices by Country

The average frozen freshwater fish import price stood at $X per ton in 2021, shrinking by -30.7% against the previous year. Over the period under review, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 99%. The import price peaked at $X per ton in 2020, and then contracted sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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