Brazil: Preserved Salmon Market 2024

Preserved Salmon Market Size in Brazil

The Brazilian preserved salmon market declined slightly to $X in 2022, which is down by X% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Preserved Salmon Production in Brazil

In value terms, preserved salmon production contracted modestly to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Preserved Salmon Exports

Exports from Brazil

After four years of growth, shipments abroad of salmon (prepared or preserved) decreased by X% to X kg in 2022. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, preserved salmon exports declined notably to $X in 2022. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Bahamas (X kg), Panama (X kg) and Hong Kong SAR (X kg) were the main destinations of preserved salmon exports from Brazil, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahamas (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved salmon exported from Brazil were Panama ($X), Bahamas ($X) and Greece ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Bahamas, with a CAGR of X.1%, saw 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 preserved salmon export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price showed a tangible increase. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Hong Kong SAR ($X 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 Bahamas (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Salmon Imports

Imports into Brazil

In 2022, overseas purchases of salmon (prepared or preserved) decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, preserved salmon imports contracted sharply to $X in 2022. In general, imports faced a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest preserved salmon supplier to Brazil, accounting for a X% share of total imports. Moreover, preserved salmon imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Denmark (X% per year).

In value terms, Chile ($X) constituted the largest supplier of salmon (prepared or preserved) to Brazil, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Chile amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Denmark (X% per year).

Import Prices by Country

The average preserved salmon import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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