Report Update: May 5, 2024

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

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Frozen Fish Fillet Price in Colombia - 2022

Frozen Fish Fillet Price in Colombia (CIF) - 2022

The average frozen fish fillet import price stood at $3,828 per ton in February 2022, with an increase of 22% against the previous month. Overall, import price indicated perceptible growth from February 2021 to February 2022: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, frozen fish fillet import price increased by +22.4% against January 2022 indices. The most prominent rate of growth was recorded in October 2021 an increase of 55% m-o-m. As a result, import price reached the peak level of $4,952 per ton. From November 2021 to February 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($15,704 per ton), while the price for Vietnam ($2,293 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Fish Fillet Price in Colombia (FOB) - 2022

In February 2022, the average frozen fish fillet export price amounted to $6,376 per ton, falling by -13.1% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 an increase of 20% m-o-m. As a result, the export price reached the peak level of $7,874 per ton. From August 2021 to February 2022, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In February 2022, the country with the highest price was Canada ($11,852 per ton), while the average price for exports to China ($3,799 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports in Colombia

In 2022, approx. 19K tons of frozen fish fillet were imported into Colombia; growing by 48% against the previous year. In general, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 89%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, frozen fish fillet imports surged to $69M in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 112%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Frozen Fish Fillet in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	8.0	8.7	18.9	20.7	37.3%
Vietnam	18.7	10.3	15.4	19.8	1.9%
China	1.9	3.8	3.4	17.4	109.2%
United States	1.6	0.8	0.9	6.0	55.4%
Ecuador	0.3	0.3	0.3	1.0	49.4%
Peru	0.6	0.5	0.2	0.5	-5.9%
Denmark	0.4	0.6	0.7	N/A	32.3%
Others	1.2	1.9	17.4	3.4	41.5%
Total	32.7	26.9	57.2	68.8	28.1%

Top Suppliers of Frozen Fish Fillet to Colombia in 2022:

Denmark (undefinedK tons)
Vietnam (9.4K tons)
China (5.6K tons)
Chile (2.1K tons)
United States (1.0K tons)
Ecuador (0.4K tons)
Peru (0.3K tons)

Frozen Fish Fillet Exports in Colombia

For the fourth consecutive year, Colombia recorded growth in shipments abroad of frozen fish fillet, which increased by 8.1% to 1.4K tons in 2022. The total export volume increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 14% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen fish fillet exports skyrocketed to $11M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +66.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Frozen Fish Fillet in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.9	4.3	7.8	8.8	44.8%
Canada	2.1	1.9	0.8	1.3	-14.8%
Germany	0.4	0.3	0.1	0.3	-9.1%
Ecuador	0.9	0.3	0.3	0.2	-39.4%
Others	0.2	0.4	0.1	0.3	14.5%
Total	6.6	7.1	9.1	10.9	18.2%

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

United States (1114.8 tons)
Canada (154.6 tons)
Germany (41.3 tons)
Ecuador (24.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen fish fillet market in Colombia. 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:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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