MERCOSUR: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in MERCOSUR

The MERCOSUR market for fresh or chilled salmonoids fillets expanded slightly to $X in 2022, surging by 2.4% against the previous year. In general, consumption, however, recorded a strong increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Fresh Or Chilled Salmonoids Fillets in MERCOSUR

In value terms, fresh or chilled salmonoids fillets production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 186%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in MERCOSUR

Fresh or chilled salmonoids fillets exports shrank notably to X tons in 2022, which is down by -73.3% against the previous year's figure. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 189%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets exports reduced rapidly to $X in 2022. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 238% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of fresh or chilled salmonoids fillets, namely Uruguay, Brazil and Peru, represented more than two-thirds of total export. It was distantly followed by Venezuela (X kg), creating a 6.2% share of total exports. Colombia (X kg), Suriname (X kg) and Ecuador (X kg) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Suriname (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X) remains the largest fresh or chilled salmonoids fillets supplier in MERCOSUR, comprising 43% of total exports. The second position in the ranking was taken by Brazil ($X), with an 18% share of total exports. It was followed by Peru, with an 18% share.

From 2012 to 2022, the average annual growth rate of value in Uruguay was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-20.9% per year) and Peru (-8.4% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, dropping by -9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2019 an increase of 53% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank in the following year.

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 Suriname ($X per ton), while Ecuador ($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 (+34.8%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in MERCOSUR

In 2022, supplies from abroad of fresh or chilled salmonoids fillets was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 6% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fresh or chilled salmonoids fillets imports rose sharply to $X in 2022. In general, imports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Peru (X tons) and Colombia (X tons) represented the main importers of fresh or chilled salmonoids fillets in MERCOSUR, together finishing at approx. 83% of total imports. It was distantly followed by Venezuela (X tons), achieving a 13% share of total imports. Suriname (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Peru (with a CAGR of +22.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Peru ($X), Colombia ($X) and Venezuela ($X) constituted the countries with the highest levels of imports in 2022, together comprising 94% of total imports.

In terms of the main importing countries, Peru, with a CAGR of +21.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, rising by 11% against the previous year. Overall, the import price, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2013 an increase of 19%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Suriname ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform