Latin America and the Caribbean: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Latin America and the Caribbean

The Latin American frozen tilapias market dropped to $X in 2020, falling by -X% against the previous year. In general, consumption enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the market remained at a lower figure.

Frozen Tilapias Production in Latin America and the Caribbean

In value terms, frozen tilapias production declined to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of frozen tilapias production was Brazil (X tons), accounting for X% of total volume. Moreover, frozen tilapias production in Brazil exceeded the figures recorded by the second-largest producer, Ecuador (X tons), fourfold. Panama (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Brazil was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Ecuador (+X% per year) and Panama (+X% per year).

Frozen Tilapias Exports

Exports in Latin America and the Caribbean

Frozen tilapias exports skyrocketed to X tons in 2020, rising by X% against the previous year. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. The volume of export peaked in 2020 and is likely to see steady growth in years to come.

In value terms, frozen tilapias exports soared to $X in 2020. In general, exports saw a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are likely to continue growth in the immediate term.

Exports by Country

Brazil represented the major exporting country with an export of about X tons, which resulted at X% of total exports. Panama (X tons) ranks second in terms of the total exports with a X% share, followed by Colombia (X%). Ecuador (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the frozen tilapias exports, with a CAGR of +X% from 2007 to 2020. At the same time, Costa Rica (+X%), Colombia (+X%) and Panama (+X%) displayed positive paces of growth. By contrast, Ecuador (-X%) illustrated a downward trend over the same period. Brazil (+X p.p.) and Costa Rica (+X p.p.) significantly strengthened its position in terms of the total exports, while Panama and Ecuador saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) emerged as the largest frozen tilapias supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Panama ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Brazil totaled +X%. In the other countries, the average annual rates were as follows: Panama (+X% per year) and Colombia (+X% per year).

Export Prices by Country

The frozen tilapias export price in Latin America and the Caribbean stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Costa Rica, while the other leaders experienced a decline in the export price figures.

Frozen Tilapias Imports

Imports in Latin America and the Caribbean

Frozen tilapias imports soared to X tons in 2020, rising by X% on the previous year's figure. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, frozen tilapias imports shrank to $X in 2020. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

Mexico represented the major importer of frozen tilapias in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near X% of total imports in 2020. It was distantly followed by the Dominican Republic (X tons), generating a X% share of total imports.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2020. At the same time, the Dominican Republic (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. While the share of Mexico (+X p.p.) and the Dominican Republic (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported frozen tilapias in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by the Dominican Republic ($X), with a X% share of total imports.

In Mexico, frozen tilapias imports increased at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

In 2020, the frozen tilapias import price in Latin America and the Caribbean amounted to $X per ton, dropping by -X% against the previous year. In general, the import price showed a perceptible decline. The growth pace was the most rapid in 2013 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Mexico ($X per ton), while the Dominican Republic totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico.

Source: IndexBox Platform

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