Latin America and the Caribbean: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Latin America and the Caribbean

The Latin American market for frozen and fresh or chilled skipjack tuna fell to $X in 2022, remaining constant against the previous year. In general, consumption showed a pronounced downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Latin America and the Caribbean

In value terms, production of frozen and fresh or chilled skipjack tuna shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports in Latin America and the Caribbean

In 2022, approx. X tons of frozen and fresh or chilled skipjack tuna were exported in Latin America and the Caribbean; approximately mirroring the previous year. Over the period under review, exports, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of frozen and fresh or chilled skipjack tuna rose slightly to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Nicaragua (X tons) and Panama (X tons) were the major exporters of frozen and fresh or chilled skipjack tuna in 2022, amounting to near X% and X% of total exports, respectively. Guatemala (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Venezuela (X%) and Colombia (X%). Brazil (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Venezuela (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Nicaragua ($X), Panama ($X) and Guatemala ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Nicaragua, with a CAGR of X%, saw the highest growth rate of 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, increasing by X% against the previous year. In general, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Guatemala ($X per ton) and Colombia ($X per ton), while Panama ($X per ton) and Venezuela ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the other leaders experienced a decline in the export price figures.

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports in Latin America and the Caribbean

In 2022, imports of frozen and fresh or chilled skipjack tuna in Latin America and the Caribbean reduced to X tons, which is down by X% compared with the previous year. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of frozen and fresh or chilled skipjack tuna amounted to $X in 2022. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2018 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

Ecuador was the main importer of frozen and fresh or chilled skipjack tuna in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Peru (X tons) ranks second in terms of the total imports with a X% share, followed by Guatemala (X%), Colombia (X%) and El Salvador (X%).

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

In value terms, the largest frozen and fresh or chilled skipjack tuna importing markets in Latin America and the Caribbean were Ecuador ($X), Peru ($X) and Guatemala ($X), with a combined X% share of total imports.

Guatemala, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a measured increase 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, import price for frozen and fresh or chilled skipjack tuna increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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