Colombia: Market for Fish Fillets and Other Fish Meat 2025

Market Size for Fish Fillets and Other Fish Meat in Colombia

After two years of growth, the Colombian market for fish fillets and other fish meat decreased by -23.8% to $X in 2022. Overall, consumption recorded a abrupt shrinkage. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fillets and Other Fish Meat in Colombia

In value terms, production of fish fillets and other fish meat soared to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from Colombia

In 2022, overseas shipments of fish fillets and other fish meat decreased by -7% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Over the period under review, the exports of hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, exports of fish fillets and other fish meat contracted to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for exports of fish fillets and other fish meat from Colombia, accounting for a 93% share of total exports. It was followed by Peru (X tons), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (0.0% per year) and Portugal (-14.4% per year).

In value terms, the United States ($X) remains the key foreign market for fish fillets and other fish meat exports from Colombia, comprising 95% of total exports. The second position in the ranking was taken by Peru ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (0.0% per year) and Portugal (-16.1% per year).

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 5.1% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.2%).

Imports of Fish Fillets and Other Fish Meat

Imports into Colombia

Imports of fish fillets and other fish meat into Colombia declined notably to X tons in 2022, waning by -19.4% on the previous year. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 62%. Over the period under review, imports of attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat dropped rapidly to $X in 2022. Over the period under review, imports recorded a mild descent. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), China (X tons) and Chile (X tons) were the main suppliers of imports of fish fillets and other fish meat to Colombia, together comprising 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest fish fillets and other fish meat suppliers to Colombia were Chile ($X), China ($X) and Vietnam ($X), with a combined 92% share of total imports.

Among the main suppliers, China, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for fish fillets and other fish meat stood at $X per ton in 2022, reducing by -3.7% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets and other fish meat increased by +7.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :