Latin America and the Caribbean: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Latin America and the Caribbean

The Latin American frozen salmonoids market was finally on the rise to reach $X in 2020, after two years of decline. In general, consumption posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the near future.

Frozen Salmonoids Production in Latin America and the Caribbean

In value terms, frozen salmonoids production rose to $X in 2020 estimated in export prices. Over the period under review, production saw a perceptible setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Production By Country in Latin America and the Caribbean

Chile (X tons) remains the largest frozen salmonoids producing country in Latin America and the Caribbean, accounting for X% of total volume. Moreover, frozen salmonoids production in Chile exceeded the figures recorded by the second-largest producer, Uruguay (X tons), sixfold. The third position in this ranking was occupied by Brazil (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Chile was relatively modest. In the other countries, the average annual rates were as follows: Uruguay (+X% per year) and Brazil (+X% per year).

Frozen Salmonoids Exports

Exports in Latin America and the Caribbean

After three years of growth, overseas shipments of frozen salmonoids decreased by -X% to X tons in 2020. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, frozen salmonoids exports fell rapidly to $X in 2020. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Chile represented the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Colombia (X tons), Peru (X tons), Uruguay (X tons), Argentina (X tons) and Honduras (X tons), together achieving a X% share of total exports. Brazil (X tons) took a little share of total exports.

Exports from Chile decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Peru (+X%), Brazil (+X%), Honduras (+X%), Colombia (+X%) and Uruguay (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Argentina (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Colombia, Peru, Uruguay, Argentina, Honduras and Brazil increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Chile (-X p.p.) saw their share reduced.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Chile stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2020, the frozen salmonoids export price in Latin America and the Caribbean amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, export prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Chile ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the other leaders experienced a decline in the export price figures.

Frozen Salmonoids Imports

Imports in Latin America and the Caribbean

Frozen salmonoids imports declined significantly to X tons in 2020, dropping by -X% against the previous year. In general, imports saw a mild decline. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, frozen salmonoids imports dropped notably to $X in 2020. Over the period under review, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2010 when imports increased by 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

Mexico was the major importing country with an import of around X tons, which resulted at X% of total imports. Anguilla (X tons) ranks second in terms of the total imports with a X% share, followed by Ecuador (X%) and Bahamas (X%). Cuba (X tons), Jamaica (X tons) and Colombia (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of frozen salmonoids. At the same time, Anguilla (+X%), Ecuador (+X%), Bahamas (+X%), Cuba (+X%), Jamaica (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Anguilla emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. Anguilla (+X p.p.), Mexico (+X p.p.), Ecuador (+X p.p.), Bahamas (+X p.p.), Cuba (+X p.p.) and Jamaica (+X 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, Mexico ($X) constitutes the largest market for imported frozen salmonoids in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Bahamas ($X), with a X% share of total imports. It was followed by Jamaica, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mexico was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Bahamas (+X% per year) and Jamaica (+X% per year).

Import Prices by Country

The frozen salmonoids import price in Latin America and the Caribbean stood at $X per ton in 2020, reducing by -X% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2010 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Bahamas ($X per ton), while Anguilla ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Jamaica, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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