Latin America and the Caribbean: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Latin America and the Caribbean

The Latin American frozen freshwater fish market dropped slightly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Freshwater Fish Production in Latin America and the Caribbean

In value terms, frozen freshwater fish production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Frozen Freshwater Fish Exports

Exports in Latin America and the Caribbean

In 2022, after two years of decline, there was significant growth in shipments abroad of frozen freshwater fish, when their volume increased by X% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, frozen freshwater fish exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons), Uruguay (X tons), Brazil (X tons) and Ecuador (X tons) represented roughly X% of total exports in 2022. Venezuela (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%). Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen freshwater fish supplying countries in Latin America and the Caribbean were Brazil ($X), Uruguay ($X) and Argentina ($X), with a combined X% share of total exports. Ecuador, Venezuela, Mexico and Peru lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Venezuela, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($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 more modest paces of growth.

Frozen Freshwater Fish Imports

Imports in Latin America and the Caribbean

In 2022, frozen freshwater fish imports in Latin America and the Caribbean fell slightly to X tons, declining by X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, frozen freshwater fish imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Colombia represented the major importer of frozen freshwater fish in Latin America and the Caribbean, with the volume of imports recording X tons, which was near X% of total imports in 2022. Jamaica (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%), the Dominican Republic (X%) and Bolivia (X%). Brazil (X tons) and Ecuador (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Jamaica (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constitutes the largest market for imported frozen freshwater fish in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Jamaica, with a X% share.

In Colombia, frozen freshwater fish imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Jamaica (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. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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