Argentina: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in Argentina

The Argentinian fish fat and oil market declined to $X in 2019, reducing by -X% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. Fish fat and oil consumption peaked at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Production of Fish Fats And Oils in Argentina

In value terms, fish fat and oil production contracted to $X in 2019 estimated in export prices. In general, the total production indicated a measured increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Fish fat and oil production peaked at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from Argentina

In 2019, the amount of fish fats and oils exported from Argentina soared to X tonnes, rising by X% against the year before. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, fish fat and oil exports reached $X in 2019. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Chile (X tonnes), Spain (X tonnes) and Brazil (X tonnes) were the main destinations of fish fat and oil exports from Argentina, together comprising X% of total exports. These countries were followed by Taiwan (Chinese), the U.S. and Uruguay, which together accounted for a further X 2007 to 2019, the biggest increases were in the U.S., while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Spain ($X) were the largest markets for fish fat and oil exported from Argentina worldwide, with a combined X% share of total exports. Taiwan (Chinese), the U.S. and Uruguay lagged somewhat behind, together accounting for a further X the main countries of destination, Taiwan (Chinese) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fish fat and oil export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the export price, however, saw a measured increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Uruguay ($X per tonne), while the average price for exports to Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into Argentina

In 2019, approx. X tonnes of fish fats and oils were imported into Argentina; waning by -X% on 2018. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. From 2016 to 2019, the growth imports remained at a lower figure.

In value terms, fish fat and oil imports contracted remarkably to $X in 2019. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Chile (X tonnes) constituted the largest supplier of fish fat and oil to Argentina, accounting for a X% share of total imports. Moreover, fish fat and oil imports from Chile exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), threefold. Peru (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Chile totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Peru (-X% per year).

In value terms, Chile ($X) constituted the largest supplier of fish fat and oil to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Chile amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average fish fat and oil import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Peru ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?

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China (659K tonnes) remains the largest fish fat and oil consuming country worldwide, accounting for 15% of total volume. Moreover, fish fat and oil consumption in China exceeded the figures recorded by the second-largest consumer, Norway (327K tonnes), twofold. The third position in this ranking was occupied by the U.S. (302K tonnes), with a 6.9% share.

What are the largest producers of fish fats and oils in the world?

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The countries with the highest volumes of fish fat and oil production in 2019 were China (634K tonnes), the U.S. (369K tonnes) and India (272K tonnes), with a combined 29% share of global production. Norway, Peru, Japan, Russia, Brazil, Mexico, Pakistan, Bangladesh, Indonesia and Nigeria lagged somewhat behind, together accounting for a further 29%.

What are the leading suppliers of fish fats and oils to Argentina?

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In value terms, Chile ($556K) constituted the largest supplier of fish fat and oil to Argentina, comprising 49% of total imports. The second position in the ranking was occupied by Brazil ($180K), with a 16% share of total imports. It was followed by the U.S., with a 11% share.

What are the leading importers of fish fats and oils from Argentina?

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In value terms, the largest markets for fish fat and oil exported from Argentina were Brazil ($225K), Chile ($126K) and Spain ($118K), together comprising 82% of total exports. Taiwan (Chinese), the U.S. and Uruguay lagged somewhat behind, together accounting for a further 18%.

What is the average export price for fish fats and oils in Argentina?

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The average fish fat and oil export price stood at $1,766 per tonne in 2019, dropping by -12% against the previous year.

What is the average import price for fish fats and oils in Argentina?

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The average fish fat and oil import price stood at $3,126 per tonne in 2019, growing by 12% against the previous year.