Latin America and the Caribbean: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Latin America and the Caribbean

The Latin American dried or salted fish market dropped modestly to $X in 2022, waning by X% against the previous year. In general, consumption recorded a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Dried Or Salted Fish in Latin America and the Caribbean

In value terms, dried or salted fish production shrank modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Dried Or Salted Fish

Exports in Latin America and the Caribbean

In 2022, after three years of decline, there was significant growth in shipments abroad of dried or salted fish, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a abrupt contraction. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, dried or salted fish exports surged to $X in 2022. Overall, exports, however, showed a abrupt contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. The Dominican Republic (X tons) took the second position in the ranking, followed by Peru (X tons). All these countries together took approx. X% share of total exports. The following exporters - Suriname (X tons), Honduras (X tons) and El Salvador (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dried or salted fish exports from Argentina stood at X%. At the same time, the Dominican Republic (X%) and Honduras (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Suriname experienced a relatively flat trend pattern. By contrast, El Salvador (X%) and Peru (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Dominican Republic, Argentina and Honduras increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) emerged as the largest dried or salted fish supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports. It was followed by El Salvador, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and El Salvador (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced a decline in the export price figures.

Imports of Dried Or Salted Fish

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of dried or salted fish decreased by X% to X tons, falling for the fifth year in a row after two years of growth. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, dried or salted fish imports expanded remarkably to $X in 2022. In general, imports showed a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Dominican Republic was the key importing country with an import of around X tons, which finished at X% of total imports. Brazil (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Jamaica (X%) and Haiti (X%). Trinidad and Tobago (X tons) held a minor share of total imports.

The Dominican Republic was also the fastest-growing in terms of the dried or salted fish imports, with a CAGR of X% from 2012 to 2022. At the same time, Haiti (X%) displayed positive paces of growth. Jamaica and Trinidad and Tobago experienced a relatively flat trend pattern. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Dominican Republic, Jamaica, Haiti and Trinidad and Tobago increased by X, X, X and X percentage points, respectively.

In value terms, the largest dried or salted fish importing markets in Latin America and the Caribbean were the Dominican Republic ($X), Brazil ($X) and Jamaica ($X), together accounting for X% of total imports.

Among the main importing countries, the Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, saw a mild contraction. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Haiti ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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