Latin America and the Caribbean: Fish Parts Market 2024

Fish Parts Market Size in Latin America and the Caribbean

The Latin American fish parts market dropped modestly to $X in 2022, stabilizing at the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Fish Parts Production in Latin America and the Caribbean

In value terms, fish parts production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Fish Parts Exports

Exports in Latin America and the Caribbean

In 2022, exports of fish heads, tails and maws in Latin America and the Caribbean shrank to X tons, with a decrease of X% against the year before. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, fish parts exports contracted to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X tons) represented the key exporter of fish heads, tails and maws, achieving X% of total exports. Ecuador (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%). The following exporters - Mexico (X tons), Venezuela (X tons), Costa Rica (X tons), Nicaragua (X tons), Guatemala (X tons), Chile (X tons) and Argentina (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Peru ($X) and Ecuador ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Costa Rica, Mexico, Venezuela, Chile, Nicaragua, Argentina and Guatemala lagged somewhat behind, together accounting for a further X%.

Costa Rica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, approximately reflecting the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish parts export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Costa Rica ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Fish Parts Imports

Imports in Latin America and the Caribbean

Fish parts imports shrank markedly to X tons in 2022, waning by X% compared with the previous year. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, fish parts imports shrank remarkably to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

Peru was the largest importer of fish heads, tails and maws in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Honduras (X tons) took the second position in the ranking, distantly followed by Colombia (X tons) and Jamaica (X tons). All these countries together held approx. X% share of total imports. The following importers - Guatemala (X tons) and Saint Lucia (X tons) - together made up X% of total imports.

Imports into Peru increased at an average annual rate of X% from 2012 to 2022. At the same time, Honduras (X%), Guatemala (X%), Saint Lucia (X%) and Jamaica (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru, Honduras, Jamaica, Guatemala and Saint Lucia increased by X, X, X, X and X percentage points, respectively.

In value terms, Peru ($X) constitutes the largest market for imported fish heads, tails and maws in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total imports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Peru stood at X%. In the other countries, the average annual rates were as follows: Guatemala (X% per year) and Honduras (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price saw significant growth. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, 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

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