Latin America and the Caribbean: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Latin America and the Caribbean

In 2020, the Latin American frozen atlantic halibut market increased by X% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption, however, saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Frozen Atlantic Halibut Production in Latin America and the Caribbean

In value terms, frozen atlantic halibut production fell to $X in 2020 estimated in export prices. Overall, production, however, faced a deep contraction. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2009 to 2020, production growth remained at a lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of frozen atlantic halibut production was Chile (X tons), accounting for X% of total volume. Moreover, frozen atlantic halibut production in Chile exceeded the figures recorded by the second-largest producer, Argentina (X tons), fourfold. Colombia (X tons) ranked third in terms of total production with a X% share.

In Chile, frozen atlantic halibut production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Argentina (+X% per year) and Colombia (+X% per year).

Frozen Atlantic Halibut Exports

Exports in Latin America and the Caribbean

In 2020, overseas shipments of frozen atlantic halibut increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a slight setback. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. from 2009 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen atlantic halibut exports declined dramatically to $X in 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Chile dominates frozen atlantic halibut exports structure, recording X tons, which was near X% of total exports in 2020. It was distantly followed by Ecuador (X tons), creating a X% share of total exports. Mexico (X kg) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the frozen atlantic halibut exports, with a CAGR of -X% from 2007 to 2020. Mexico (-X%) and Ecuador (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Ecuador increased by +X% percentage points, while Mexico (-X p.p.) and Chile (-X p.p.) saw their share reduced.

In value terms, Chile ($X) remains the largest frozen atlantic halibut supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in Chile stood at -X%. In the other countries, the average annual rates were as follows: Ecuador (-X% per year) and Mexico (-X% per year).

Export Prices by Country

The frozen atlantic halibut export price in Latin America and the Caribbean stood at $X per ton in 2020, waning by -X% against the previous year. In general, the export price, however, showed a mild expansion. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports in Latin America and the Caribbean

In 2020, the amount of frozen atlantic halibut imported in Latin America and the Caribbean expanded notably to X tons, growing by X% against the previous year's figure. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports expanded rapidly to $X in 2020. Over the period under review, imports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. The level of import peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

Colombia (X tons) and Jamaica (X tons) dominates frozen atlantic halibut imports structure, together generating X% of total imports. The following importers - Mexico (X tons), Trinidad and Tobago (X tons), the Dominican Republic (X tons), Peru (X tons) and Guyana (X tons) - together made up X% of total imports.

From 2007 to 2020, the biggest increases were in Colombia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constitutes the largest market for imported frozen atlantic halibut in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Jamaica ($X), with a X% share of total imports. It was followed by Trinidad and Tobago, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Colombia totaled +X%. In the other countries, the average annual rates were as follows: Jamaica (-X% per year) and Trinidad and Tobago (-X% per year).

Import Prices by Country

In 2020, the frozen atlantic halibut import price in Latin America and the Caribbean amounted to $X per ton, remaining constant against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The level of import peaked at $X per ton in 2019, and then contracted modestly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Trinidad and Tobago ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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