MERCOSUR: Frozen Fish Market 2024

Frozen Fish Market Size in MERCOSUR

The MERCOSUR frozen fish market shrank significantly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a perceptible setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Frozen Fish Production in MERCOSUR

In value terms, frozen fish production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Frozen Fish Exports

Exports in MERCOSUR

In 2022, the amount of frozen fish exported in MERCOSUR soared to X tons, with an increase of X% compared with the previous year. The total export volume 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 throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile represented the key exporting country with an export of about X tons, which resulted at X% of total exports. Argentina (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ecuador (X%) and Peru (X%). Uruguay (X tons), Brazil (X tons) and Venezuela (X tons) followed a long way behind the leaders.

Exports from Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, Venezuela (X%), Ecuador (X%), Brazil (X%) and Peru (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. By contrast, Uruguay (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Ecuador and Venezuela increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Chile, frozen fish exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Chile ($X per ton), while Uruguay ($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 (X%), while the other leaders experienced more modest paces of growth.

Frozen Fish Imports

Imports in MERCOSUR

In 2022, imports of frozen fish in MERCOSUR fell to X tons, with a decrease of X% compared with the previous year's figure. Overall, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen fish imports expanded notably to $X in 2022. Over the period under review, imports continue to indicate a slight curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the key importer of frozen fish in MERCOSUR, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Colombia (X tons) took the second position in the ranking, followed by Ecuador (X tons) and Peru (X tons). All these countries together held near X% share of total imports. Chile (X tons) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Ecuador (X%) illustrated a downward trend over the same period. Colombia (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil 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, Brazil ($X) constitutes the largest market for imported frozen fish in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

In Brazil, frozen fish imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Ecuador (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform