MERCOSUR: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in MERCOSUR

In 2021, the MERCOSUR caviar (sturgeon) market decreased by -4.6% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.4% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank slightly in the following year.

Caviar (Sturgeon) Production in MERCOSUR

In value terms, caviar (sturgeon) production fell to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +54.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Caviar (Sturgeon) Exports

Exports in MERCOSUR

Caviar (sturgeon) exports shrank to X tons in 2021, reducing by -9% against 2020. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 70% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, caviar (sturgeon) exports rose remarkably to $X in 2021. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 55% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Uruguay (X tons), together reaching 99% of total export.

Uruguay experienced a relatively flat trend pattern with regard to volume of exports of caviar (sturgeon). Uruguay (+53 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uruguay ($X) also remains the largest caviar (sturgeon) supplier in MERCOSUR.

In Uruguay, caviar (sturgeon) exports declined by an average annual rate of -2.9% over the period from 2012-2021.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, surging by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. 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 Uruguay.

From 2012 to 2021, the rate of growth in terms of prices for Uruguay amounted to -2.9% per year.

Caviar (Sturgeon) Imports

Imports in MERCOSUR

In 2021, caviar (sturgeon) imports in MERCOSUR declined significantly to X tons, reducing by -29.8% against the year before. Overall, imports faced a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 81%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, caviar (sturgeon) imports reduced to $X in 2021. Over the period under review, imports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 59%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X kg) and Ecuador (X kg) represented roughly 58% of total imports in 2021. Paraguay (X kg) ranks next in terms of the total imports with a 13% share, followed by Colombia (8.7%), Argentina (6.3%) and Peru (5.5%). Uruguay (X kg) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ecuador (with a CAGR of +22.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Ecuador ($X), Brazil ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2021, together comprising 65% of total imports.

Ecuador, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 MERCOSUR stood at $X per ton in 2021, rising by 22% against the previous year. In general, the import price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 when the import price increased by 59%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Uruguay ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform