Colombia: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Colombia

The Colombian market for frozen, dried and smoked fish dropped to $X in 2022, remaining stable against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Frozen, Dried And Smoked Fish in Colombia

In value terms, frozen, dried and smoked fish production fell to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible curtailment. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Frozen, Dried And Smoked Fish

Exports from Colombia

In 2022, frozen, dried and smoked fish exports from Colombia declined to X tons, which is down by X% compared with the previous year. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish exports expanded slightly to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for frozen, dried and smoked fish exports from Colombia, with a X% share of total exports. Moreover, frozen, dried and smoked fish exports to Ecuador exceeded the volume sent to the second major destination, Guatemala (X tons), threefold. The United States (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and the United States (X% per year).

In value terms, the United States ($X), France ($X) and Spain ($X) constituted the largest markets for frozen, dried and smoked fish exported from Colombia worldwide, with a combined X% share of total exports. Ecuador, Guatemala and Japan lagged somewhat behind, together accounting for a further X%.

Guatemala, with a CAGR of X%, saw the highest growth rate of 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 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guatemala ($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 Japan (X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen, Dried And Smoked Fish

Imports into Colombia

Frozen, dried and smoked fish imports into Colombia fell sharply to X tons in 2022, with a decrease of X% on the year before. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, frozen, dried and smoked fish imports reached $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of frozen, dried and smoked fish to Colombia, with a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Vietnam exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), twofold. Chile (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Chile (X% per year).

In value terms, the largest frozen, dried and smoked fish suppliers to Colombia were Chile ($X), Ecuador ($X) and Vietnam ($X), together comprising X% of total imports. China, Uruguay, Seychelles and Argentina lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Seychelles, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Argentina ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :