Latin America and the Caribbean: Frozen Saltwater Fish Market 2020

Frozen Saltwater Fish Market Size in Latin America and the Caribbean

The revenue of the frozen saltwater fish market in Latin America and the Caribbean amounted to $X in 2017, growing by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2014, when it surged by X% y-o-y. The level of frozen saltwater fish consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Frozen Saltwater Fish Production in Latin America and the Caribbean

In 2017, approx. X tons of frozen whole salt water fish were produced in Latin America and the Caribbean; leveling off at the previous year. The frozen saltwater fish production continues to indicate a mild setback. The pace of growth was the most pronounced in 2012, when the output figure increased by X% y-o-y. The volume of frozen saltwater fish production peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Frozen Saltwater Fish Exports in Latin America and the Caribbean

The exports stood at X tons in 2017, going up by X% against the previous year. The frozen saltwater fish exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, frozen saltwater fish exports totaled $X in 2017. The frozen saltwater fish exports continue to indicate a measured descent. Over the period under review, the frozen saltwater fish exports reached its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Frozen Saltwater Fish Exports by Country in Latin America and the Caribbean

Chile represented the major exporter of frozen whole salt water fish in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near X% of total exports in 2017. Argentina (X tons) ranks second in terms of the global exports with a X% share, followed by Peru (X%), Ecuador (X%), Uruguay (X%), Mexico (X%) and Colombia (X%).

From 2007 to 2017, average annual rates of growth with regard to frozen saltwater fish exports from Chile stood at -X%. At the same time, Ecuador (+X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Mexico experienced a relatively flat trend pattern. By contrast, Colombia (-X%), Argentina (-X%), Uruguay (-X%) and Peru (-X%) illustrated a downward trend over the same period. Argentina (X%), Chile (X%), Peru (X%), Uruguay (X%) and Colombia (X%) significantly strengthened its position in terms of the global exports, while Ecuador saw its share reduced by -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest frozen saltwater fish supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Argentina ($X), with a X% share of global exports. It was followed by Mexico, with a X% share.

In Chile, frozen saltwater fish exports decreased by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Argentina (-X% per year) and Mexico (+X% per year).

Frozen Saltwater Fish Export Prices by Country in Latin America and the Caribbean

The frozen saltwater fish export price in Latin America and the Caribbean stood at $X per ton in 2017, rising by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014, an increase of X% against the previous year. In that year, the export prices for frozen whole salt water fish reached their peak level of $X per ton. From 2015 to 2017, growth of the export prices for frozen whole salt water fish stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Frozen Saltwater Fish Imports in Latin America and the Caribbean

In 2017, frozen saltwater fish imports in Latin America and the Caribbean totaled X tons, increasing by X% against the previous year. The frozen saltwater fish imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, with an increase of X% year-to-year. The volume of imports peaked of X tons in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, frozen saltwater fish imports amounted to $X in 2017. The frozen saltwater fish imports continue to indicate a relatively flat trend pattern. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Frozen Saltwater Fish Imports by Country in Latin America and the Caribbean

The countries with the highest levels of frozen saltwater fish imports in 2017 were Mexico (X tons), Brazil (X tons), Ecuador (X tons), Colombia (X tons), Peru (X tons), El Salvador (X tons), Costa Rica (X tons), Venezuela (X tons), Uruguay (X tons) and Bolivia (X tons), together accounting for X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Ecuador ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by Venezuela, Colombia, Peru, El Salvador, Costa Rica, Uruguay and Bolivia, which together accounted for a further X%.

In terms of the main importing countries , Venezuela (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Frozen Saltwater Fish Import Prices by Country in Latin America and the Caribbean

The frozen saltwater fish import price in Latin America and the Caribbean stood at $X per ton in 2017, growing by X% against the previous year. The frozen saltwater fish import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, when the import prices increased by X% against the previous year. Over the period under review, the import prices for frozen whole salt water fish reached its peak figure level in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Venezuela ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Uruguay (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform