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

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

The MERCOSUR seafood meals and pellets market soared to $X in 2022, jumping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in MERCOSUR

In value terms, seafood meals and pellets production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports in MERCOSUR

In 2022, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported in MERCOSUR; shrinking by X% against 2021 figures. Overall, exports saw a perceptible downturn. The growth pace was the most rapid in 2017 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, seafood meals and pellets exports contracted slightly to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Peru was the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Chile (X tons), making up a X% share of total exports. Ecuador (X tons) and Brazil (X tons) held a relatively small share of total exports.

Exports from Peru decreased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Chile (X%) and Ecuador (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest seafood meals and pellets supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Ecuador (X% per year).

Export Prices by Country

The export price in MERCOSUR 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%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

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

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports in MERCOSUR

In 2022, supplies from abroad of flours, meals and pellets of fish or of crustaceans and molluscs was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, seafood meals and pellets imports soared to $X in 2022. Overall, imports enjoyed a temperate expansion. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Ecuador was the major importer of flours, meals and pellets of fish or of crustaceans and molluscs in MERCOSUR, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Chile (X tons) ranks second in terms of the total imports with a X% share, followed by Colombia (X%). Peru (X tons), Venezuela (X tons) and Brazil (X tons) took a little share of total imports.

Ecuador was also the fastest-growing in terms of the flours, meals and pellets of fish or of crustaceans and molluscs imports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%) displayed positive paces of growth. By contrast, Colombia (X%), Brazil (X%), Venezuela (X%) and Chile (X%) illustrated a downward trend over the same period. Ecuador (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil, Venezuela, Colombia and Chile saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, Ecuador ($X) constitutes the largest market for imported flours, meals and pellets of fish or of crustaceans and molluscs in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Ecuador stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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