Latin America and the Caribbean: Market for Fresh Or Chilled Salmonoids Fillets 2024

Market Size for Fresh Or Chilled Salmonoids Fillets in Latin America and the Caribbean

The Latin American market for fresh or chilled salmonoids fillets surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted a resilient increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Fresh Or Chilled Salmonoids Fillets in Latin America and the Caribbean

In value terms, fresh or chilled salmonoids fillets production shrank to $X in 2022 estimated in export price. Overall, production enjoyed measured growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in Latin America and the Caribbean

In 2022, exports of fresh or chilled salmonoids fillets in Latin America and the Caribbean contracted remarkably to X tons, which is down by X% compared with 2021 figures. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets exports dropped rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a temperate increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Panama dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Venezuela (X tons), making up a X% share of total exports.

Exports from Panama decreased at an average annual rate of X% from 2012 to 2022. At the same time, Venezuela (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Panama (X p.p.) and Venezuela (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Panama ($X) remains the largest fresh or chilled salmonoids fillets supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Venezuela ($X), with a X% share of total exports.

In Panama, fresh or chilled salmonoids fillets exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while Panama amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (X%).

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in Latin America and the Caribbean

In 2022, purchases abroad of fresh or chilled salmonoids fillets increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets imports soared to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The Dominican Republic represented the major importing country with an import of around X tons, which amounted to X% of total imports. Haiti (X tons) held the second position in the ranking, distantly followed by Guatemala (X tons). All these countries together held approx. X% share of total imports. Saint Maarten (Dutch part) (X tons), Curacao (X tons), Trinidad and Tobago (X tons) and Aruba (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled salmonoids fillets imports into the Dominican Republic stood at X%. At the same time, Saint Maarten (Dutch part) (X%), Guatemala (X%), Trinidad and Tobago (X%) and Haiti (X%) displayed positive paces of growth. Moreover, Saint Maarten (Dutch part) emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Aruba experienced a relatively flat trend pattern. By contrast, Curacao (X%) illustrated a downward trend over the same period. While the share of the Dominican Republic (X p.p.), Haiti (X p.p.), Guatemala (X p.p.), Saint Maarten (Dutch part) (X p.p.) and Trinidad and Tobago (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Aruba (X p.p.) and Curacao (X p.p.) displayed negative dynamics.

In value terms, the Dominican Republic ($X) constitutes the largest market for imported fresh or chilled salmonoids fillets in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Haiti ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

In the Dominican Republic, fresh or chilled salmonoids fillets imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Haiti (X% per year) and Guatemala (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Import price indicated pronounced 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, fresh or chilled salmonoids fillets import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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