MERCOSUR: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in MERCOSUR

In 2021, the MERCOSUR market for smoked fish other than salmon and herring decreased by -4.8% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then fell modestly in the following year.

Production of Smoked Fish Other than Salmon and Herring in MERCOSUR

In value terms, production of smoked fish other than salmon and herring reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then reduced slightly in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports in MERCOSUR

In 2021, shipments abroad of smoked fish other than salmon and herring was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of smoked fish other than salmon and herring surged to $X in 2021. Overall, exports, however, saw a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile represented the largest exporter of smoked fish other than salmon and herring in MERCOSUR, with the volume of exports reaching X tons, which was approx. 78% of total exports in 2021. It was distantly followed by Ecuador (X tons), making up a 19% share of total exports. Peru (X tons) took a relatively small share of total exports.

Exports from Chile decreased at an average annual rate of -18.5% from 2012 to 2021. At the same time, Ecuador (+9.1%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +9.1% from 2012-2021. By contrast, Peru (-4.1%) illustrated a downward trend over the same period. While the share of Ecuador (+17 p.p.) and Peru (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Chile (-19.2 p.p.) displayed negative dynamics.

In value terms, Chile ($X) remains the largest smoked fish other than salmon and herring supplier in MERCOSUR, comprising 91% of total exports. The second position in the ranking was held by Ecuador ($X), with an 8.9% share of total exports.

In Chile, exports of smoked fish other than salmon and herring plunged by an average annual rate of -15.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (+2.0% per year) and Peru (-17.2% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, surging by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2014 an increase of 28% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+3.2%), while the other leaders experienced a decline in the export price figures.

Imports of Smoked Fish Other than Salmon and Herring

Imports in MERCOSUR

In 2021, approx. X tons of smoked fish other than salmon and herring were imported in MERCOSUR; picking up by 49% compared with 2020 figures. Overall, imports posted temperate growth. The growth pace was the most rapid in 2013 with an increase of 168% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of smoked fish other than salmon and herring soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 99% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Colombia (X tons) was the key importer of smoked fish other than salmon and herring, committing 48% of total imports. Chile (X tons) took the second position in the ranking, followed by Suriname (X tons), Brazil (X tons), Guyana (X tons), Uruguay (X tons) and Ecuador (X tons). All these countries together held approx. 49% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to smoked fish other than salmon and herring imports into Colombia stood at +8.0%. At the same time, Guyana (+11.7%), Suriname (+11.7%) and Chile (+9.8%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +11.7% from 2012-2021. By contrast, Uruguay (-3.1%), Brazil (-6.0%) and Ecuador (-6.8%) illustrated a downward trend over the same period. While the share of Colombia (+16 p.p.), Chile (+5.9 p.p.), Suriname (+4.8 p.p.) and Guyana (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Uruguay (-5 p.p.), Ecuador (-7.8 p.p.) and Brazil (-9.5 p.p.) displayed negative dynamics.

In value terms, Colombia ($X) constitutes the largest market for imported smoked fish other than salmon and herring in MERCOSUR, comprising 62% of total imports. The second position in the ranking was taken by Chile ($X), with a 14% share of total imports. It was followed by Brazil, with a 9.2% share.

In Colombia, imports of smoked fish other than salmon and herring expanded at an average annual rate of +3.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+3.6% per year) and Brazil (-3.8% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, with an increase of 5.8% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2015 an increase of 51%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform