Latin America and the Caribbean: Smoked Salmon Market 2024

Smoked Salmon Market Size in Latin America and the Caribbean

The Latin American smoked salmon market stood at $X in 2022, growing by X% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Smoked Salmon Production in Latin America and the Caribbean

In value terms, smoked salmon production reached $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Smoked Salmon Exports

Exports in Latin America and the Caribbean

Smoked salmon exports amounted to X tons in 2022, increasing by X% on the previous year. In general, exports, however, saw a slight contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, smoked salmon exports surged to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Chile (X tons) was the largest exporter of smoked pacific, atlantic and danube salmon in Latin America and the Caribbean, achieving X% of total export.

Chile was also the fastest-growing in terms of the smoked pacific, atlantic and danube salmon exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) also remains the largest smoked salmon supplier in Latin America and the Caribbean.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile stood at X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to X% per year.

Smoked Salmon Imports

Imports in Latin America and the Caribbean

After three years of decline, supplies from abroad of smoked pacific, atlantic and danube salmon increased by X% to X tons in 2022. In general, imports, however, saw a noticeable shrinkage. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, smoked salmon imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a slight decline. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Dominican Republic (X tons), distantly followed by Bahamas (X tons), Colombia (X tons), Guatemala (X tons), Barbados (X tons) and Curacao (X tons) were the key importers of smoked pacific, atlantic and danube salmon, together achieving X% of total imports. Jamaica (X tons), Mexico (X tons), Uruguay (X tons), Costa Rica (X tons), Cuba (X tons), Panama (X tons) and Antigua and Barbuda (X tons) followed a long way behind the leaders.

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

In value terms, the Dominican Republic ($X), Colombia ($X) and Bahamas ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Guatemala, Mexico, Costa Rica, Jamaica, Barbados, Uruguay, Cuba, Curacao, Panama and Antigua and Barbuda lagged somewhat behind, together accounting for a further X%.

Guatemala, with a CAGR of X%, 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Curacao ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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