Latin America and the Caribbean: Frozen Fish Meat Market 2020

Frozen Fish Meat Market Size in Latin America and the Caribbean

The revenue of the frozen fish meat market in Latin America and the Caribbean amounted to $X in 2017, going up by X% against the previous year. The total market indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017, with an increase of X% y-o-y. In that year, the frozen fish meat market attained their peak level, and is likely to continue its growth in the immediate term.

Frozen Fish Meat Production in Latin America and the Caribbean

The frozen fish meat production totaled X tons in 2017, remaining relatively unchanged against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2009, when it surged by X% year-to-year. The volume of frozen fish meat production peaked in 2017, and is expected to retain its growth in the immediate term.

Frozen Fish Meat Exports in Latin America and the Caribbean

In 2017, exports of frozen fish meat without bones (excluding fillets) in Latin America and the Caribbean totaled X tons, waning by -X% against the previous year. The frozen fish meat exports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2013, with an increase of X% against the previous year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, frozen fish meat exports amounted to $X in 2017. The frozen fish meat exports continue to indicate a slight reduction. Over the period under review, the frozen fish meat exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Frozen Fish Meat Exports by Country in Latin America and the Caribbean

Chile was the major exporter of frozen fish meat without bones (excluding fillets) in Latin America and the Caribbean, with the volume of exports recording X tons, which was approx. X% of total exports in 2017. It was distantly followed by Ecuador (X tons), Peru (X tons) and Argentina (X tons), together committing X% share of total exports. Guyana (X tons) held the minor share of total exports.

From 2007 to 2017, average annual rates of growth with regard to frozen fish meat exports from Chile stood at -X%. At the same time, Peru (+X%) and Guyana (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Ecuador experienced a relatively flat trend pattern. By contrast, Argentina (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Chile and Argentina increased by X% and X% percentage points, while Peru (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest frozen fish meat supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Peru ($X), with a X% share of global exports. It was followed by Ecuador, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Chile stood at -X%. In the other countries, the average annual rates were as follows: Peru (+X% per year) and Ecuador (+X% per year).

Frozen Fish Meat Export Prices by Country in Latin America and the Caribbean

In 2017, the frozen fish meat export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017, when the export prices increased by X% against the previous year. In that year, the export prices for frozen fish meat without bones (excluding fillets) attained their peak level, and is likely to continue its growth in the immediate term.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

Frozen Fish Meat Imports in Latin America and the Caribbean

The imports stood at X tons in 2017, picking up by X% against the previous year. The frozen fish meat imports continue to indicate an abrupt slump. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Over the period under review, the frozen fish meat imports attained its peak figure volume of X tons in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, frozen fish meat imports amounted to $X in 2017. The frozen fish meat imports continue to indicate a relatively flat trend pattern. Over the period under review, the frozen fish meat imports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Frozen Fish Meat Imports by Country in Latin America and the Caribbean

Brazil dominates frozen fish meat imports structure, recording X tons, which was near X% of total imports in 2017. Mexico (X tons) ranks second in terms of the global imports with a X% share, followed by the Dominican Republic (X%) and Colombia (X%). The following importers - Jamaica (X tons), Costa Rica (X tons) and Chile (X tons) together made up X% of total imports.

Imports into Brazil decreased at an average annual rate of -X% from 2007 to 2017. At the same time, the Dominican Republic (+X%), Mexico (+X%) and Costa Rica (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Jamaica (-X%), Colombia (-X%) and Chile (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Colombia, Brazil, Chile and Jamaica increased by X%, X%, X% and X% percentage points, while Costa Rica (-X%), Mexico (-X%) and the Dominican Republic (-X%) saw their share reduced.

In value terms, Brazil ($X) constitutes the largest market for imported frozen fish meat without bones (excluding fillets) in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by the Dominican Republic, with a X% share.

In Brazil, frozen fish meat imports remained relatively stable over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and the Dominican Republic (+X% per year).

Frozen Fish Meat Import Prices by Country in Latin America and the Caribbean

The frozen fish meat import price in Latin America and the Caribbean stood at $X per ton in 2017, rising by X% against the previous year. The import price indicated a remarkable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017, an increase of X% against the previous year. In that year, the import prices for frozen fish meat without bones (excluding fillets) reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mexico ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Costa Rica (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform