Chile: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Chile

The Chilean fresh fish fillet market expanded modestly to $X in 2022, surging by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Fresh Fish Fillet Production in Chile

In value terms, fresh fish fillet production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Fresh fish fillet production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Fresh Fish Fillet Exports

Exports from Chile

In 2022, fresh fish fillet exports from Chile amounted to X tons, flattening at 2021 figures. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, fresh fish fillet exports skyrocketed to $X in 2022. Overall, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for fresh fish fillet exports from Chile, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%.

In value terms, the United States ($X) also remains the key foreign market for fresh or chilled fish fillets exports from Chile.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

In 2022, the average fresh fish fillet export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price 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, fresh fish fillet export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Fresh Fish Fillet Imports

Imports into Chile

After two years of growth, overseas purchases of fresh or chilled fish fillets decreased by X% to X tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, fresh fish fillet imports fell to $X in 2022. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main fresh fish fillet supplier to Chile, accounting for a X% share of total imports. It was followed by Vietnam (X tons), with a X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of fresh or chilled fish fillets to Chile, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average fresh fish fillet import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price 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, fresh fish fillet import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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