Latin America and the Caribbean: Freshwater Fish Market 2024

Freshwater Fish Market Size in Latin America and the Caribbean

The Latin American freshwater fish market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Freshwater Fish Production in Latin America and the Caribbean

In value terms, freshwater fish production stood at $X in 2022 estimated in export price. The total production indicated measured growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Freshwater Fish Exports

Exports in Latin America and the Caribbean

Freshwater fish exports shrank notably to X tons in 2022, declining by X% against the previous year. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, freshwater fish exports fell to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Ecuador (X tons) held a little share of total exports.

Haiti was also the fastest-growing in terms of the freshwater fish exports, with a CAGR of X% from 2012 to 2022. Ecuador (X%) illustrated a downward trend over the same period. Haiti (X p.p.) significantly strengthened its position in terms of the total exports, while Ecuador saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Haiti ($X) remains the largest freshwater fish supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports.

In Haiti, freshwater fish exports increased at 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, increasing by X% against the previous year. Overall, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Haiti totaled $X per ton.

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

Freshwater Fish Imports

Imports in Latin America and the Caribbean

In 2022, after four years of decline, there was significant growth in supplies from abroad of freshwater fish, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, freshwater fish imports reduced rapidly to $X in 2022. In general, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Panama was the key importing country with an import of about X tons, which accounted for X% of total imports. Bahamas (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Paraguay (X%) and Chile (X%). The following importers - Honduras (X tons), the Dominican Republic (X tons) and Peru (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest freshwater fish importing markets in Latin America and the Caribbean were Panama ($X), the Dominican Republic ($X) and Bahamas ($X), with a combined X% share of total imports. Chile, Paraguay, Peru and Honduras lagged somewhat behind, together comprising a further X%.

Chile, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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