Latin America and the Caribbean: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Latin America and the Caribbean

The Latin American frozen catfish fillets market declined remarkably to $X in 2020, waning by -X% against the previous year. Overall, consumption showed a slight slump. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Frozen Catfish Fillets Production in Latin America and the Caribbean

In value terms, frozen catfish fillets production shrank to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Production By Country in Latin America and the Caribbean

Brazil (X tons) remains the largest frozen catfish fillets producing country in Latin America and the Caribbean, accounting for X% of total volume. Moreover, frozen catfish fillets production in Brazil exceeded the figures recorded by the second-largest producer, Bolivia (X tons), more than tenfold. The third position in this ranking was occupied by Paraguay (X tons), with a X% share.

In Brazil, frozen catfish fillets production plunged by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Bolivia (+X% per year) and Paraguay (+X% per year).

Frozen Catfish Fillets Exports

Exports in Latin America and the Caribbean

After two years of growth, shipments abroad of frozen catfish fillets decreased by -X% to X tons in 2020. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2013 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen catfish fillets exports contracted remarkably to $X in 2020. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2013 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Uruguay represented the major exporting country with an export of about X tons, which resulted at X% of total exports. Venezuela (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Chile (X%) and Brazil (X%).

Uruguay was also the fastest-growing in terms of the frozen catfish fillets exports, with a CAGR of +X% from 2007 to 2020. At the same time, Venezuela (+X%) displayed positive paces of growth. By contrast, Chile (-X%) and Brazil (-X%) illustrated a downward trend over the same period. While the share of Uruguay (+X p.p.), Venezuela (+X p.p.) and Chile (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Brazil (-X p.p.) displayed negative dynamics.

In value terms, the largest frozen catfish fillets supplying countries in Latin America and the Caribbean were Uruguay ($X), Chile ($X) and Venezuela ($X), with a combined X% share of total exports.

Uruguay (+X% per year) 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

In 2020, the frozen catfish fillets export price in Latin America and the Caribbean amounted to $X per ton, dropping by -X% against the previous year. Overall, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2019 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced mixed trends in the export price figures.

Frozen Catfish Fillets Imports

Imports in Latin America and the Caribbean

In 2020, supplies from abroad of frozen catfish fillets decreased by -X% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, frozen catfish fillets imports contracted markedly to $X in 2020. Over the period under review, imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

Mexico (X tons) and Brazil (X tons) dominates frozen catfish fillets imports structure, together generating X% of total imports. Colombia (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) held a relatively small share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Dominican Republic, while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Colombia ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by the Dominican Republic and Costa Rica, which together accounted for a further X Dominican Republic saw the highest growth rate of the value of imports, among 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 2020, the frozen catfish fillets import price in Latin America and the Caribbean amounted to $X per ton, falling by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Dominican Republic ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Colombia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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