Paraguay: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Paraguay

The Paraguayan frozen fish and seafood market reached $X in 2022, standing approx. at the previous year. Overall, consumption continues to indicate prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Frozen Fish And Seafood in Paraguay

In value terms, frozen fish and seafood production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Frozen Fish And Seafood

Exports from Paraguay

After two years of decline, shipments abroad of frozen fish and seafood decreased by X% to X kg in 2019. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2019, the growth of the exports remained at a lower figure.

In value terms, frozen fish and seafood exports totaled $X in 2019. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2019, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Aruba (X kg) was the main destination for frozen fish and seafood exports from Paraguay, accounting for a approx. X% share of total exports.

From 2015 to 2019, the average annual rate of growth in terms of volume to Aruba was relatively modest.

From 2015 to 2019, the average annual growth rate of value to Aruba was relatively modest.

Export Prices by Country

In 2019, the average frozen fish and seafood export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 a decrease of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2019, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2015 to 2019, the rate of growth in terms of prices for Spain amounted to X% per year.

Imports of Frozen Fish And Seafood

Imports into Paraguay

Frozen fish and seafood imports into Paraguay contracted to X tons in 2022, with a decrease of X% on the previous year. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, frozen fish and seafood imports contracted modestly to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest frozen fish and seafood supplier to Paraguay, accounting for a X% share of total imports. Moreover, frozen fish and seafood imports from Ecuador exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Spain (X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of frozen fish and seafood to Paraguay, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Spain (X% per year).

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform