Peru: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Peru

In 2021, after two years of growth, there was significant decline in the Peruvian preserved fish fillet market, when its value decreased by -7.5% to $X. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Fish Fillet Production in Peru

In value terms, preserved fish fillet production shrank modestly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 8.8%. Preserved fish fillet production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Preserved Fish Fillet Exports

Exports from Peru

In 2021, the amount of fish fillets (dried, salted or in brine, but not smoked) exported from Peru rose sharply to X tons, growing by 12% against the year before. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 27%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, preserved fish fillet exports rose sharply to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 27% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of preserved fish fillet exports from Peru, with a combined 48% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +16.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for preserved fish fillet exported from Peru were Italy ($X), Spain ($X) and the Netherlands ($X), together comprising 47% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +15.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average preserved fish fillet export price stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price, however, saw a slight decline. The pace of growth was the most pronounced in 2015 an increase of 6% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.1%), while the prices for the other major destinations experienced a decline.

Preserved Fish Fillet Imports

Imports into Peru

In 2021, the amount of fish fillets (dried, salted or in brine, but not smoked) imported into Peru contracted sharply to X tons, which is down by -52.8% against the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 269% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved fish fillet imports dropped to $X in 2021. Over the period under review, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 155% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of preserved fish fillet to Peru, with a 74% share of total imports. Moreover, preserved fish fillet imports from Canada exceeded the figures recorded by the second-largest supplier, Spain (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled +2.2%.

In value terms, Canada ($X) constituted the largest supplier of fish fillets (dried, salted or in brine, but not smoked) to Peru, comprising 67% of total imports. The second position in the ranking was taken by Spain ($X), with a 33% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada amounted to -2.5%.

Import Prices by Country

The average preserved fish fillet import price stood at $X per ton in 2021, with an increase of 96% against the previous year. Overall, the import price, however, saw a noticeable contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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