MERCOSUR: Fish Parts Market 2024

Fish Parts Market Size in MERCOSUR

The MERCOSUR fish parts market rose slightly to $X in 2022, growing by 1.9% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Fish Parts Production in MERCOSUR

In value terms, fish parts production contracted to $X in 2022 estimated in export price. In general, production, however, saw a modest expansion. The growth pace was the most rapid in 2017 when the production volume increased by 146%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Fish Parts Exports

Exports in MERCOSUR

In 2022, the amount of fish heads, tails and maws exported in MERCOSUR was estimated at X tons, approximately mirroring 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 47%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, fish parts exports rose sharply to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.3% against 2017 indices. The pace of growth was the most pronounced in 2014 when exports increased by 34% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Brazil (X tons), Ecuador (X tons) and Peru (X tons) represented roughly 92% of total exports in 2022. Venezuela (X tons) and Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Chile (with a CAGR of +18.0%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Peru ($X) and Ecuador ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 92% of total exports.

Peru, with a CAGR of +10.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by 5.9% against the previous year. In general, the export price showed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 108% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+15.7%), while the other leaders experienced a decline in the export price figures.

Fish Parts Imports

Imports in MERCOSUR

In 2022, approx. X tons of fish heads, tails and maws were imported in MERCOSUR; growing by 40% on 2021 figures. Overall, imports recorded a mild expansion. The growth pace was the most rapid in 2014 when imports increased by 149% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, fish parts imports contracted slightly to $X in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 156%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Colombia (X tons) and Peru (X tons) prevails in imports structure, together generating 91% of total imports. It was distantly followed by Suriname (X tons), achieving a 6.5% share of total imports. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +29.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Peru ($X) constitutes the largest market for imported fish heads, tails and maws in MERCOSUR, comprising 94% of total imports. The second position in the ranking was taken by Suriname ($X), with a 3% share of total imports. It was followed by Colombia, with a 2.2% share.

In Peru, fish parts imports increased at an average annual rate of +29.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Suriname (+20.4% per year) and Colombia (-2.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, which is down by -28.8% against the previous year. In general, the import price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2018 an increase of 446% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then dropped dramatically 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 Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+18.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform