Colombia: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Colombia

The Colombian market for frozen, dried and smoked fish expanded to $X in 2023, picking up by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Production of Frozen, Dried And Smoked Fish in Colombia

In value terms, frozen, dried and smoked fish production reached $X in 2023 estimated in export price. Overall, production showed a mild decline. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Frozen, dried and smoked fish production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

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Exports of Frozen, Dried And Smoked Fish

Exports from Colombia

Frozen, dried and smoked fish exports from Colombia shrank to X tons in 2023, with a decrease of X% compared with the previous year. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports contracted modestly to $X in 2023. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons), Guatemala (X tons) and the United States (X tons) were the main destinations of frozen, dried and smoked fish exports from Colombia, with a combined X% share of total exports.

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

In value terms, the United States ($X) emerged as the key foreign market for frozen, dried and smoked fish exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

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

Export Prices by Country

In 2023, the average export price for frozen, dried and smoked fish amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ecuador ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Colombia

In 2023, imports of frozen, dried and smoked fish into Colombia totaled X tons, picking up by X% on the year before. Overall, total imports indicated noticeable growth from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports stood at $X in 2023. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), Ecuador (X tons) and Chile (X tons) were the main suppliers of frozen, dried and smoked fish imports to Colombia, with a combined X% share of total imports. Uruguay, Argentina, Seychelles, Cote d'Ivoire, China, Trinidad and Tobago, Senegal and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest frozen, dried and smoked fish suppliers to Colombia were Chile ($X), Ecuador ($X) and Vietnam ($X), together accounting for X% of total imports. Uruguay, Argentina, the United States, Seychelles, China, Cote d'Ivoire, Trinidad and Tobago and Senegal lagged somewhat behind, together comprising a further X%.

Seychelles, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 import price for frozen, dried and smoked fish amounted to $X per ton, with a decrease of 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 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($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