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Report Latin America and the Caribbean - Fresh or Chilled Anchovies - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Latin America and the Caribbean - Fresh or Chilled Anchovies - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Latin America and the Caribbean

The Latin American fresh or chilled anchovies market soared to $X in 2021, rising by 73% against the previous year. Over the period under review, consumption enjoyed a moderate increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Fresh Or Chilled Anchovies in Latin America and the Caribbean

In value terms, fresh or chilled anchovies production totaled $X in 2021 estimated in export price. In general, production continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of 15% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in Latin America and the Caribbean

In 2021, shipments abroad of fresh or chilled anchovieses increased by 26% to X tons, rising for the seventh consecutive year after two years of decline. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 192% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, fresh or chilled anchovies exports stood at $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Peru prevails in exports structure, recording X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Argentina (X tons), achieving a 7.4% share of total exports.

Peru was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of +56.5% from 2012 to 2021. At the same time, Argentina (+30.4%) displayed positive paces of growth. While the share of Peru (+69 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-2.3 p.p.) displayed negative dynamics.

In value terms, the largest fresh or chilled anchovies supplying countries in Latin America and the Caribbean were Argentina ($X) and Peru ($X).

Among the main exporting countries, Peru, with a CAGR of +37.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, which is down by -18.1% against the previous year. In general, the export price faced a significant contraction. The pace of growth appeared the most rapid in 2014 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a 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 Peru stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+5.0%).

Imports of Fresh Or Chilled Anchovies

Imports in Latin America and the Caribbean

In 2021, approx. X tons of fresh or chilled anchovieses were imported in Latin America and the Caribbean; jumping by 168% compared with the year before. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 2,432%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 1,548% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Ecuador (X tons) represented roughly 100% of total imports in 2021.

Ecuador was also the fastest-growing in terms of the fresh or chilled anchovieses imports, with a CAGR of +47.7% from 2012 to 2021. Ecuador (+4.4 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) constitutes the largest market for imported fresh or chilled anchovieses in Latin America and the Caribbean.

From 2012 to 2021, the average annual rate of growth in terms of value in Ecuador amounted to +31.3%.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, waning by -11.1% against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 65% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2021, the rate of growth in terms of prices for Ecuador amounted to -11.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Peru remains the largest fresh or chilled anchovies consuming country in Latin America and the Caribbean, accounting for 93% of total volume. Moreover, fresh or chilled anchovies consumption in Peru exceeded the figures recorded by the second-largest consumer, Honduras, more than tenfold.
Peru remains the largest fresh or chilled anchovies producing country in Latin America and the Caribbean, accounting for 93% of total volume. Moreover, fresh or chilled anchovies production in Peru exceeded the figures recorded by the second-largest producer, Honduras, more than tenfold.
In value terms, Uruguay and Brazil constituted the countries with the highest levels of exports in 2021.
In value terms, Brazil constitutes the largest market for imported fresh or chilled anchovieses in Latin America and the Caribbean, comprising 48% of total imports. The second position in the ranking was occupied by Mexico, with a 17% share of total imports. It was followed by the Dominican Republic, with a 15% share.
In 2021, the export price in Latin America and the Caribbean amounted to $1,378 per ton, surging by 718% against the previous year.
The import price in Latin America and the Caribbean stood at $2,142 per ton in 2021, jumping by 213% against the previous year.

This report provides an in-depth analysis of the market for fresh or chilled anchovies in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Production in Latin America and the Caribbean, split by region and country
    • Trade (exports and imports) in Latin America and the Caribbean
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2024
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2024
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • Anguilla
      • Antigua and Barbuda
      • Argentina
      • Aruba
      • Bahamas
      • Barbados
      • Belize
      • Bolivia
      • Brazil
      • British Virgin Islands
      • Cayman Islands
      • Chile
      • Colombia
      • Costa Rica
      • Cuba
      • Curacao
      • Dominica
      • Dominican Republic
      • Ecuador
      • El Salvador
      • Falkland Islands (Malvinas)
      • French Guiana
      • Grenada
      • Guadeloupe
      • Guatemala
      • Guyana
      • Haiti
      • Honduras
      • Jamaica
      • Martinique
      • Mexico
      • Montserrat
      • Nicaragua
      • Panama
      • Paraguay
      • Peru
      • Saint Kitts and Nevis
      • Saint Lucia
      • Saint Vincent and the Grenadines
      • Saint Maarten (Dutch part)
      • Suriname
      • Trinidad and Tobago
      • Turks and Caicos Islands
      • United States Virgin Islands
      • Uruguay
      • Venezuela
      • Puerto Rico

    12. LIST OF TABLES

      1. Key Findings In 2024
      2. Market Volume, In Physical Terms, 2012–2024
      3. Market Value, 2012–2024
      4. Per Capita Consumption, By Country, 2018–2024
      5. Production, In Physical Terms, By Country, 2012–2024
      6. Imports, In Physical Terms, By Country, 2012–2024
      7. Imports, In Value Terms, By Country, 2012–2024
      8. Import Prices, By Country Of Destination, 2012–2024
      9. Exports, In Physical Terms, By Country, 2012–2024
      10. Exports, In Value Terms, By Country, 2012–2024
      11. Export Prices, By Country Of Origin, 2012–2024

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2024
      2. Market Value, 2012–2024
      3. Consumption, By Country, 2024
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2024
      18. Production, In Value Terms, 2012–2024
      19. Production, By Country, 2024
      20. Production, In Physical Terms, By Country, 2012–2024
      21. Imports, In Physical Terms, 2012–2024
      22. Imports, In Value Terms, 2012–2024
      23. Imports, In Physical Terms, By Country, 2024
      24. Imports, In Physical Terms, By Country, 2012–2024
      25. Imports, In Value Terms, By Country, 2012–2024
      26. Import Prices, By Country, 2012–2024
      27. Exports, In Physical Terms, 2012–2024
      28. Exports, In Value Terms, 2012–2024
      29. Exports, In Physical Terms, By Country, 2024
      30. Exports, In Physical Terms, By Country, 2012–2024
      31. Exports, In Value Terms, By Country, 2012–2024
      32. Export Prices, 2012–2024

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