Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru - 2022

Contents:

  1. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru (FOB) - 2022
  2. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru (CIF) - 2022
  3. Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru
  4. Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru (FOB) - 2022

The average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $3,009 per ton in 2022, picking up by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3,595 per ton), while the average price for exports to Ecuador ($1,281 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru (CIF) - 2022

The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $2,647 per ton in 2022, picking up by 3% against the previous year. Overall, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 87%. The import price peaked at $22,764 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to -7.0% per year.

Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru

In 2022, the amount of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s exported from Peru expanded rapidly to 6.2K tons, picking up by 6.1% against the previous year's figure. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year.

In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s skyrocketed to $19M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year.

Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.73.65.37.325.4%
Brazil3.30.41.53.2-1.0%
Spain1.81.41.72.15.3%
Estonia0.90.70.51.518.6%
Italy1.20.81.51.1-2.9%
Poland0.70.30.70.98.7%
Netherlands0.10.20.20.458.7%
United States0.40.40.10.40.0%
Russia3.11.51.90.4-49.5%
Colombia0.60.40.10.3-20.6%
Lithuania0.20.10.20.314.5%
Chile0.40.20.30.3-9.1%
France1.40.20.1N/A-73.3%
Others0.80.50.80.5-14.5%
Total18.710.614.918.70.0%

Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Peru in 2022:

  1. Germany (2370.3 tons)
  2. Brazil (1067.3 tons)
  3. Spain (665.8 tons)
  4. Estonia (450.6 tons)
  5. Italy (399.1 tons)
  6. Poland (276.0 tons)
  7. Colombia (194.4 tons)
  8. Russia (156.2 tons)
  9. United States (141.4 tons)
  10. Lithuania (135.0 tons)
  11. Netherlands (104.6 tons)
  12. Chile (89.8 tons)

Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru

In 2022, purchases abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s decreased by -8.3% to 41 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 111%.

In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s declined to $108K in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. As a result, imports attained the peak of $115K, and then fell in the following year.

Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile90.71021151086.0%
OthersN/AN/AN/AN/A0%
Total90.71021151086.0%

Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Peru in 2022:

  1. Chile (40.9 tons)

Source: IndexBox Market Intelligence Platform

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