MERCOSUR: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in MERCOSUR

In 2022, after seven years of decline, there was significant growth in the MERCOSUR fresh or chilled anchovies market, when its value increased by X% to $X. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in MERCOSUR

In value terms, fresh or chilled anchovies production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Fresh Or Chilled Anchovies

Exports in MERCOSUR

In 2022, after seven years of growth, there was decline in shipments abroad of fresh or chilled anchovieses, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, fresh or chilled anchovies exports skyrocketed to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Peru dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. The following exporters - Argentina (X tons) and Brazil (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled anchovies exports from Peru stood at X%. At the same time, Brazil (X%) and Argentina (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. Peru (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Peru ($X) remains the largest fresh or chilled anchovies supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

In Peru, fresh or chilled anchovies exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Brazil (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. Over the period under review, the export price, however, showed a abrupt descent. The growth pace was the most rapid in 2014 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

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

Imports of Fresh Or Chilled Anchovies

Imports in MERCOSUR

For the fourth consecutive year, MERCOSUR recorded growth in purchases abroad of fresh or chilled anchovieses, which increased by X% to X tons in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, fresh or chilled anchovies imports skyrocketed to $X in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Ecuador (X tons) was the major importer of fresh or chilled anchovieses in MERCOSUR, creating X% of total import.

Ecuador was also the fastest-growing in terms of the fresh or chilled anchovieses imports, with a CAGR of X% from 2012 to 2022. Ecuador (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) constitutes the largest market for imported fresh or chilled anchovieses in MERCOSUR.

In Ecuador, fresh or chilled anchovies imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

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

Source: IndexBox Platform

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