Latin America and the Caribbean: Market for Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine 2024

Market Size for Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine in Latin America and the Caribbean

The Latin American market for prepared or preserved fish and dishes other than dried, smoked, salted or in brine amounted to $X in 2023, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine in Latin America and the Caribbean

In value terms, production of prepared or preserved fish and dishes other than dried, smoked, salted or in brine reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Exports of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine

Exports in Latin America and the Caribbean

For the fifth year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of prepared or preserved fish and dishes other than dried, smoked, salted or in brine, which increased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, exports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine declined modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Ecuador represented the largest exporter of prepared or preserved fish and dishes other than dried, smoked, salted or in brine in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. Chile (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%). The following exporters - El Salvador (X tons), Mexico (X tons), Costa Rica (X tons) and Colombia (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to prepared or preserved fish and dishes exports from Ecuador stood at X%. At the same time, Mexico (X%), Colombia (X%), Chile (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. El Salvador experienced a relatively flat trend pattern. By contrast, Peru (X%) illustrated a downward trend over the same period. Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while Peru saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest prepared or preserved fish and dishes supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

In Ecuador, exports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Chile (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price, however, saw a slight increase. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prepared or Preserved Fish and Dishes other than Dried, Smoked, Salted or in Brine

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded decline in overseas purchases of prepared or preserved fish and dishes other than dried, smoked, salted or in brine, which decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, imports of prepared or preserved fish and dishes other than dried, smoked, salted or in brine reduced modestly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Colombia (X tons) and Chile (X tons) represented roughly X% of total imports in 2023. Argentina (X tons) ranks next in terms of the total imports with a X% share, followed by Peru (X%), the Dominican Republic (X%), Mexico (X%) and Jamaica (X%). The following importers - Panama (X tons), Brazil (X tons), Haiti (X tons), Guatemala (X tons), Venezuela (X tons) and Costa Rica (X tons) - together made up X% of total imports.

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

In value terms, Colombia ($X), Chile ($X) and Argentina ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Mexico, Peru, the Dominican Republic, Panama, Jamaica, Brazil, Costa Rica, Venezuela, Guatemala and Haiti lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Panama, with a CAGR of X%, recorded 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

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform