Latin America and the Caribbean: Battered Fish Fillet Market 2025

Battered Fish Fillet Market Size in Latin America and the Caribbean

The Latin American battered fish fillet market contracted slightly to $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Battered Fish Fillet Production in Latin America and the Caribbean

In value terms, battered fish fillet production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Battered Fish Fillet Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of fish fillets in batter or breadcrumbs decreased by -2.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2018 when exports increased by 54% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports dropped to $X in 2021. Total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -10.7% against 2019 indices. The pace of growth was the most pronounced in 2018 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) and Ecuador (X tons) prevails in exports structure, together committing 97% of total exports. Argentina (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +12.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest battered fish fillet supplying countries in Latin America and the Caribbean were Chile ($X), Ecuador ($X) and Argentina ($X), together accounting for 98% of total exports.

Among the main exporting countries, Argentina, with a CAGR of +11.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 1.6% against the previous year. Overall, the export price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2013 an increase of 3.1%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+0.6%), while the other leaders experienced a decline in the export price figures.

Battered Fish Fillet Imports

Imports in Latin America and the Caribbean

After four years of growth, purchases abroad of fish fillets in batter or breadcrumbs decreased by -24.8% to X tons in 2021. Overall, imports, however, saw a noticeable expansion. The growth pace was the most rapid in 2015 when imports increased by 54%. Over the period under review, imports attained the peak figure at X tons in 2020, and then dropped remarkably in the following year.

In value terms, battered fish fillet imports fell rapidly to $X in 2021. In general, imports, however, showed a moderate expansion. The pace of growth was the most pronounced in 2018 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank remarkably in the following year.

Imports by Country

In 2021, Colombia (X tons) represented the major importer of fish fillets in batter or breadcrumbs, mixing up 44% of total imports. It was distantly followed by Chile (X tons) and Peru (X tons), together generating a 40% share of total imports. The following importers - the Dominican Republic (X tons), Argentina (X tons) and Uruguay (X tons) - together made up 11% of total imports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +87.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest battered fish fillet importing markets in Latin America and the Caribbean were Colombia ($X), Peru ($X) and Chile ($X), with a combined 81% share of total imports.

Peru, with a CAGR of +86.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 2.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 6.9%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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