MERCOSUR: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in MERCOSUR

The MERCOSUR frozen crustaceans market declined slightly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Frozen Crustaceans Production in MERCOSUR

In value terms, frozen crustaceans production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Frozen Crustaceans Exports

Exports in MERCOSUR

Frozen crustaceans exports totaled X tons in 2022, with an increase of X% compared with the previous year's figure. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, frozen crustaceans exports expanded rapidly to $X in 2022. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Ecuador was the largest exporter of frozen crustaceans in MERCOSUR, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Argentina (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Venezuela (X%). Peru (X tons) followed a long way behind the leaders.

Exports from Ecuador increased at an average annual rate of X% from 2012 to 2022. At the same time, Venezuela (X%), Peru (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Venezuela (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest frozen crustaceans supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ecuador totaled X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, almost unchanged from the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Peru ($X per ton) and Argentina ($X per ton), while Venezuela ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in purchases abroad of frozen crustaceans, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, frozen crustaceans imports shrank to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

Colombia represented the key importing country with an import of around X tons, which amounted to X% of total imports. Peru (X tons) took the second position in the ranking, followed by Chile (X tons). All these countries together held near X% share of total imports. The following importers - Venezuela (X tons) and Uruguay (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Peru ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Peru, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in MERCOSUR amounted to $X per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uruguay ($X per ton), while Venezuela ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform