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 dropped to $X in 2020, reducing by -X% against the previous year. In general, the total consumption indicated slight growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Production of Fish Fats And Oils in Argentina

In value terms, fish fat and oil production fell sharply to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a mild expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2020, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from Argentina

In 2020, approx. X tonnes of fish fats and oils were exported from Argentina; increasing by X% on the previous year's figure. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, fish fat and oil exports dropped sharply to $X in 2020. Overall, exports, however, recorded a deep setback. 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 2020, exports stood at a somewhat lower figure.

Exports by Country

Chile (X tonnes) was the main destination for fish fat and oil exports from Argentina, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Chile amounted to +X%.

In value terms, Chile ($X) also remains the key foreign market for fish fat and oil exports from Argentina.

From 2007 to 2020, the average annual growth rate of value to Chile totaled +X%.

Export Prices by Country

In 2020, the average fish fat and oil export price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Chile amounted to +X% per year.

Imports of Fish Fats And Oils

Imports into Argentina

In 2020, approx. X tonnes of fish fats and oils were imported into Argentina; approximately reflecting the previous year. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, fish fat and oil imports soared to $X in 2020. Over the period under review, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Chile (X tonnes) constituted the largest fish fat and oil supplier to Argentina, with 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.

From 2007 to 2020, the average annual growth rate of volume from Chile amounted to +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 ($X) constituted the largest supplier of fish fat and oil to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Peru ($X), with a X% share of total imports.

From 2007 to 2020, 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: Peru (+X% per year) and Brazil (+X% per year).

Import Prices by Country

The average fish fat and oil import price stood at $X per tonne in 2020, growing by X% against the previous year. In general, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Peru ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Chile, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of fish fat and oil consumption in 2020 were Norway (1M tonnes), China (744K tonnes) and the U.S. (334K tonnes), together comprising 39% of global consumption.

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 2020 were Norway (933K tonnes), China (692K tonnes) and the U.S. (369K tonnes), with a combined 37% share of global production.

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

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In value terms, Chile ($874K) constituted the largest supplier of fish fat and oil to Argentina, comprising 69% of total imports. The second position in the ranking was occupied by Peru ($203K), with a 16% share of total imports.

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

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In value terms, Chile ($410K) remains the key foreign market for fish fat and oil exports from Argentina.

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

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In 2020, the average fish fat and oil export price amounted to $999 per tonne, falling by -43.7% 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 $3,101 per tonne in 2020, increasing by 17% against the previous year.