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Latin America and the Caribbean - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Latin America and the Caribbean: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in Latin America and the Caribbean

In 2020, the Latin American fish fat and oil market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2009 when the market value increased by X% against the previous year. The level of consumption peaked in 2020 and is likely to see gradual growth in years to come.

Production of Fish Fats And Oils in Latin America and the Caribbean

In value terms, fish fat and oil production expanded to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2012 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2013 to 2020, production growth remained at a lower figure.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of fish fat and oil production in 2020 were Brazil (X tonnes), Peru (X tonnes) and Mexico (X tonnes), with a combined X% share of total production. Chile, Argentina, Colombia, Venezuela, Panama, Cuba and Ecuador lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of fish fat and oil production, amongst the key producing countries, was attained by Panama, while fish fat and oil production for the other leaders experienced more modest paces of growth.

Exports of Fish Fats And Oils

Exports in Latin America and the Caribbean

After three years of growth, overseas shipments of fish fats and oils decreased by -X% to X tonnes in 2020. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, fish fat and oil exports declined dramatically to $X in 2020. Total exports indicated a noticeable expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Peru (X tonnes) and Chile (X tonnes) prevails in fish fat and oil exports structure, together making up X% of total exports. It was distantly followed by Panama (X tonnes), achieving a X% share of total exports.

From 2007 to 2020, the biggest increases were in Panama, while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Peru ($X) remains the largest fish fat and oil supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in Peru totaled +X%. In the other countries, the average annual rates were as follows: Chile (+X% per year) and Panama (+X% per year).

Export Prices by Country

The fish fat and oil export price in Latin America and the Caribbean stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum in 2020 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Peru ($X per tonne), while Chile ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Peru, while the other leaders experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports in Latin America and the Caribbean

In 2020, overseas purchases of fish fats and oils decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. The volume of import peaked at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, fish fat and oil imports fell markedly to $X in 2020. Total imports indicated moderate growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. The level of import peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Chile (X tonnes) was the largest importer of fish fats and oils, generating X% of total imports. Peru (X tonnes) ranks second in terms of the total imports with a X% share, followed by Brazil (X%). The following importers - Guatemala (X tonnes) and Colombia (X tonnes) - each recorded a X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to fish fat and oil imports into Chile stood at -X%. At the same time, Peru (+X%), Brazil (+X%), Guatemala (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. Peru (+X p.p.) and Brazil (+X p.p.) significantly strengthened its position in terms of the total imports, while Chile saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fish fat and oil importing markets in Latin America and the Caribbean were Chile ($X), Peru ($X) and Brazil ($X), with a combined X% share of total imports.

Peru saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the fish fat and oil import price in Latin America and the Caribbean amounted to $X per tonne, picking up by X% against the previous year. Import price indicated a prominent increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, fish fat and oil import price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($X per tonne), while Chile ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in LatAmerica and the Caribbean?
+
The countries with the highest volumes of fish fat and oil consumption in 2020 were Brazil (133K tonnes), Mexico (93K tonnes) and Argentina (37K tonnes), together comprising 61% of total consumption. Colombia, Venezuela, Chile, Peru, Cuba, Ecuador, Guatemala and the Dominican Republic lagged somewhat behind, together accounting for a further 28%.
What are the largest producers of fish fats and oils in LatAmerica and the Caribbean?
+
The countries with the highest volumes of fish fat and oil production in 2020 were Brazil (131K tonnes), Peru (103K tonnes) and Mexico (95K tonnes), with a combined 57% share of total production. Chile, Argentina, Colombia, Venezuela, Panama, Cuba and Ecuador lagged somewhat behind, together comprising a further 34%.
What are the leading exporters of fish fats and oils in LatAmerica and the Caribbean?
+
In value terms, Peru ($334M) remains the largest fish fat and oil supplier in Latin America and the Caribbean, comprising 61% of total exports. The second position in the ranking was occupied by Chile ($166M), with a 30% share of total exports.
What are the leading importers of fish fats and oils in LatAmerica and the Caribbean?
+
In value terms, Chile ($62M), Peru ($39M) and Brazil ($15M) constituted the countries with the highest levels of imports in 2020, with a combined 91% share of total imports.
What is the average export price for fish fats and oils in LatAmerica and the Caribbean?
+
In 2020, the fish fat and oil export price in Latin America and the Caribbean amounted to $2,455 per tonne, with an increase of 22% against the previous year.
What is the average import price for fish fats and oils in LatAmerica and the Caribbean?
+
The fish fat and oil import price in Latin America and the Caribbean stood at $1,804 per tonne in 2020, increasing by 13% against the previous year.

Product coverage:
• Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

This report provides an in-depth analysis of the market for fish fat and oil in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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