
Argentina - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
Argentina: Market for Fish Fats And Oils 2023
Market Size for Fish Fats And Oils in Argentina
In 2021, the Argentinian fish fat and oil market decreased by -7.1% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Fish fat and oil consumption peaked at $X in 2020, and then contracted in the following year.
Production of Fish Fats And Oils in Argentina
In value terms, fish fat and oil production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 21%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.
Exports of Fish Fats And Oils
Exports from Argentina
In 2021, after two years of growth, there was significant decline in shipments abroad of fish fats and oils, when their volume decreased by -37% to X tons. Overall, exports, however, posted a perceptible expansion. The growth pace was the most rapid in 2013 when exports increased by 387% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, fish fat and oil exports reduced remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2013 when exports increased by 444%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Chile (X tons), Brazil (X tons) and Uruguay (X tons) were the main destinations of fish fat and oil exports from Argentina, together comprising 99.9% of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +22.6%), while the other leaders experienced mixed trend patterns.
In value terms, the largest markets for fish fat and oil exported from Argentina were Brazil ($X), Chile ($X) and Uruguay ($X), with a combined 100% share of total exports.
In terms of the main countries of destination, Chile, with a CAGR of +31.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
In 2021, the average fish fat and oil export price amounted to $X per ton, picking up by 21% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 50%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was Uruguay ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fats And Oils
Imports into Argentina
In 2021, the amount of fish fats and oils imported into Argentina reduced to X tons, waning by -4.8% against the year before. Overall, imports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2014 when imports increased by 51%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.
In value terms, fish fat and oil imports skyrocketed to $X in 2021. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Chile (X tons) constituted the largest fish fat and oil supplier to Argentina, with a 60% share of total imports. Moreover, fish fat and oil imports from Chile exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by Peru (X tons), with a 3.8% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Chile was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+58.4% per year) and Peru (+73.6% per year).
In value terms, Chile ($X) constituted the largest supplier of fish fats and oils to Argentina, comprising 50% of total imports. The second position in the ranking was held by Canada ($X), with a 21% share of total imports. It was followed by Iceland, with a 12% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Chile totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+54.8% per year) and Iceland (+77.2% per year).
Import Prices by Country
The average fish fat and oil import price stood at $X per ton in 2021, jumping by 32% against the previous year. Over the period under review, the import price recorded a temperate expansion. The growth pace was the most rapid in 2013 when the average import price increased by 168%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.
Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for fish fat and oil in Argentina. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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