Chile: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Chile

The Chilean frozen fish meat market reduced to $X in 2023, waning by X% against the previous year. Over the period under review, consumption showed a perceptible decline. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Frozen Fish Meat Production in Chile

In value terms, frozen fish meat production shrank modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Frozen Fish Meat Exports

Exports from Chile

In 2023, shipments abroad of frozen fish meat increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, frozen fish meat exports declined to $X in 2023. In general, total exports indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for frozen fish meat exports from Chile, accounting for a X% share of total exports. Moreover, frozen fish meat exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), fivefold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Spain (X% per year).

In value terms, the United States ($X) remains the key foreign market for frozen fish meat exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with an X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2023, the average frozen fish meat export price amounted to $X per ton, falling by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Meat Imports

Imports into Chile

After three years of growth, supplies from abroad of frozen fish meat decreased by X% to X tons in 2023. In general, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then dropped in the following year.

In value terms, frozen fish meat imports dropped remarkably to $X in 2023. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then plummeted in the following year.

Imports by Country

Vietnam (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of frozen fish meat imports to Chile, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest frozen fish meat suppliers to Chile, with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average frozen fish meat import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. The import price peaked at $X per ton in 2022, and then dropped in the following year.

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

From 2012 to 2023, 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