MERCOSUR: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in MERCOSUR

The MERCOSUR frozen fish fillet market stood at $X in 2023, growing by X% against the previous year. In general, consumption, however, saw a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Frozen Fish Fillet Production in MERCOSUR

In value terms, frozen fish fillet production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Frozen Fish Fillet Exports

Exports in MERCOSUR

After six years of growth, overseas shipments of frozen fish fillet decreased by X% to X tons in 2023. Overall, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, frozen fish fillet exports reduced to $X in 2023. Total exports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Chile represented the main exporting country with an export of around X tons, which reached X% of total exports. Argentina (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%) and Ecuador (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Ecuador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the largest frozen fish fillet supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with an X% share of total exports. It was followed by Peru, with a X% share.

In Chile, frozen fish fillet exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Peru (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports in MERCOSUR

In 2023, frozen fish fillet imports in MERCOSUR contracted modestly to X tons, waning by X% on the previous year. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, frozen fish fillet imports contracted to $X in 2023. Overall, imports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Brazil prevails in imports structure, recording X tons, which was approx. X% of total imports in 2023. It was distantly followed by Peru (X tons), Colombia (X tons) and Chile (X tons), together making up a X% share of total imports. Ecuador (X tons) took a relatively small share of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Ecuador (X%) and Colombia (X%) illustrated a downward trend over the same period. Peru (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported frozen fish fillet in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform