Report Update: Apr 21, 2024

Chile - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights

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Frozen Fish Fillet Price in Chile - 2023

Frozen Fish Fillet Price in Chile (FOB) - 2023

In July 2023, the average frozen fish fillet export price amounted to $11,105 per ton, dropping by -11.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 8.3% m-o-m. Over the period under review, the average export prices attained the peak figure at $12,928 per ton in September 2022; however, from October 2022 to July 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($13,527 per ton), while the average price for exports to Poland ($4,748 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fish Fillet Price in Chile (CIF) - 2023

In July 2023, the average frozen fish fillet import price amounted to $3,429 per ton, reducing by -13.1% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 53% against the previous month. Over the period under review, average import prices reached the peak figure at $4,545 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($3,554 per ton), while the price for Vietnam totaled $3,381 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.4%).

Frozen Fish Fillet Exports in Chile

In 2022, approx. 134K tons of frozen fish fillet were exported from Chile; growing by 18% on the previous year's figure. The total export volume increased at an average annual rate of +9.9% from 2019 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.

In value terms, frozen fish fillet exports soared to $1.6B in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Frozen Fish Fillet in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	221	223	361	628	41.6%
Japan	357	430	376	463	9.1%
Mexico	79.6	63.6	85.8	130	17.8%
Canada	29.6	20.8	26.4	47.5	17.1%
Russia	40.3	33.6	30.5	40.5	0.2%
France	21.0	18.8	21.8	35.5	19.1%
Israel	35.5	39.5	37.6	33.0	-2.4%
Spain	23.2	18.6	18.5	28.2	6.7%
Singapore	13.7	13.5	8.8	27.1	25.5%
Poland	17.7	14.0	13.7	22.1	7.7%
Germany	25.1	21.7	13.6	19.4	-8.2%
Brazil	32.3	21.1	21.3	16.4	-20.2%
Others	92.0	65.6	81.3	131	12.5%
Total	988	984	1,096	1,622	18.0%

Top Export Markets for Frozen Fish Fillet from Chile in 2022:

United States (47.9K tons)
Japan (38.7K tons)
Mexico (10.5K tons)
Poland (4.7K tons)
Canada (3.6K tons)
Spain (3.4K tons)
France (3.3K tons)
Israel (2.9K tons)
Russia (2.5K tons)
Singapore (2.2K tons)
Germany (1.8K tons)
Brazil (1.4K tons)

Frozen Fish Fillet Imports in Chile

Frozen fish fillet imports into Chile surged to 6.9K tons in 2022, rising by 25% compared with 2021 figures. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen fish fillet imports skyrocketed to $27M in 2022. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Frozen Fish Fillet in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	12.7	6.6	7.8	14.9	5.5%
China	10.3	7.5	11.6	10.9	1.9%
Peru	0.5	0.2	0.3	0.4	-7.2%
Others	0.5	0.2	0.2	0.9	21.6%
Total	23.9	14.6	19.9	27.2	4.4%

Top Suppliers of Frozen Fish Fillet to Chile in 2022:

Vietnam (4.0K tons)
China (2.6K tons)
Peru (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen fish fillet market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10201400 - Frozen fish fillets

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023