Latin America and the Caribbean: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2025

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in Latin America and the Caribbean

The Latin American market for jellyfish, dried, salted or in brine, smoked surged to $X in 2022, growing by 726% against the previous year. Over the period under review, consumption, however, saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Jellyfish, Dried, Salted Or In Brine, Smoked in Latin America and the Caribbean

In value terms, production of jellyfish, dried, salted or in brine, smoked declined sharply to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 569%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports in Latin America and the Caribbean

Exports of jellyfish, dried, salted or in brine, smoked plummeted to X tons in 2022, which is down by -17.9% compared with 2021 figures. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 610% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of jellyfish, dried, salted or in brine, smoked skyrocketed to $X in 2022. In general, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 1,336%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Honduras represented the major exporter of jellyfish, dried, salted or in brine, smoked in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near 44% of total exports in 2022. It was distantly followed by Ecuador (X tons), Mexico (X tons) and Nicaragua (X tons), together generating a 56% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +27.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) emerged as the largest jellyfish, dried, salted or in brine, smoked supplier in Latin America and the Caribbean, comprising 52% of total exports. The second position in the ranking was held by Honduras ($X), with a 24% share of total exports. It was followed by Ecuador, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at +10.6%. In the other countries, the average annual rates were as follows: Honduras (+18.5% per year) and Ecuador (-4.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by 81% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 198%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports in Latin America and the Caribbean

In 2022, the amount of jellyfish, dried, salted or in brine, smoked imported in Latin America and the Caribbean surged to X kg, growing by 28% on the year before. Overall, imports, however, saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 424% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of jellyfish, dried, salted or in brine, smoked reached $X in 2022. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 155%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Bahamas was the major importer of jellyfish, dried, salted or in brine, smoked in Latin America and the Caribbean, with the volume of imports recording X kg, which was approx. 42% of total imports in 2022. Brazil (X kg) took the second position in the ranking, followed by Aruba (X kg), Panama (X kg) and Guatemala (X kg). All these countries together took near 57% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +32.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bahamas ($X) constitutes the largest market for imported jellyfish, dried, salted or in brine, smoked in Latin America and the Caribbean, comprising 60% of total imports. The second position in the ranking was held by Panama ($X), with a 28% share of total imports. It was followed by Brazil, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Bahamas totaled -2.2%. The remaining importing countries recorded the following average annual rates of imports growth: Panama (+31.3% per year) and Brazil (+1.1% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, dropping by -15.5% against the previous year. Overall, the import price, however, saw strong growth. The pace of growth appeared the most rapid in 2021 when the import price increased by 159% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Panama ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+60.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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