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

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

For the third consecutive year, the Latin American market for fresh or chilled salmonoids meat recorded decline in sales value, which decreased by -84.2% to $X in 2022. Overall, consumption recorded a deep setback. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Meat in Latin America and the Caribbean

In value terms, fresh or chilled salmonoids meat production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 109% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports in Latin America and the Caribbean

In 2022, shipments abroad of fresh or chilled salmonoids meat increased by 17% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 109% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, fresh or chilled salmonoids meat exports surged to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 131% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Chile (X tons) was the major exporter of fresh or chilled salmonoids meat in Latin America and the Caribbean, constituting 99.9% of total export.

Chile was also the fastest-growing in terms of the fresh or chilled salmonoids meat exports, with a CAGR of +21.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) also remains the largest fresh or chilled salmonoids meat supplier in Latin America and the Caribbean.

In Chile, fresh or chilled salmonoids meat exports expanded at an average annual rate of +28.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, surging by 24% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled salmonoids meat export price increased by +45.6% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +5.7% per year.

Imports of Fresh Or Chilled Salmonoids Meat

Imports in Latin America and the Caribbean

In 2022, approx. X tons of fresh or chilled salmonoids meat were imported in Latin America and the Caribbean; with a decrease of -11.3% against 2021. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2015 with an increase of 293%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, fresh or chilled salmonoids meat imports fell to $X in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 282% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Brazil was the major importer of fresh or chilled salmonoids meat in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was near 37% of total imports in 2022. The Dominican Republic (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Bahamas (14%), Uruguay (14%) and Grenada (7.1%). The following importers - Barbados (X kg) and Trinidad and Tobago (X kg) - together made up 6.6% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +60.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the Dominican Republic ($X) and Uruguay ($X) were the countries with the highest levels of imports in 2022, together accounting for 72% of total imports. Barbados, Bahamas, Grenada and Trinidad and Tobago lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Grenada, with a CAGR of +188.4%, 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 import price in Latin America and the Caribbean stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2014 when the import price increased by 69% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Barbados ($X per ton), while Bahamas ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Grenada (+118.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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