MERCOSUR: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in MERCOSUR

In 2022, the MERCOSUR fish meals and pellet market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish in MERCOSUR

In value terms, fish meals and pellet production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports in MERCOSUR

In 2022, exports of flours, meals and pellets of fish in MERCOSUR soared to X tons, jumping by X% compared with the previous year. Overall, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fish meals and pellet exports skyrocketed to $X in 2022. In general, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Peru represented the main exporter of flours, meals and pellets of fish in MERCOSUR, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Argentina (X tons) took the second position in the ranking, distantly followed by Ecuador (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fish meals and pellet exports from Peru stood at X%. At the same time, Argentina (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. While the share of Argentina (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ecuador (X p.p.) and Peru (X p.p.) displayed negative dynamics.

In value terms, Peru ($X) remains the largest fish meals and pellet supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru stood at X%. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated slight growth from 2012 to 2022: its price 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, fish meals and pellet export price increased by X% against 2018 indices. 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 Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Imports of Flours, Meals And Pellets Of Fish

Imports in MERCOSUR

In 2022, the amount of flours, meals and pellets of fish imported in MERCOSUR shrank to X tons, which is down by X% against the previous year. In general, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, fish meals and pellet imports soared to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Venezuela (X tons), Colombia (X tons) and Peru (X tons) was the key importer of flours, meals and pellets of fish in MERCOSUR, comprising X% of total import. It was distantly followed by Chile (X tons), mixing up a X% share of total imports. Uruguay (X tons) and Brazil (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 leading importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Peru, Venezuela and Uruguay lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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