Uruguay: Market for Frozen Fish And Seafood 2022

Market Size for Frozen Fish And Seafood in Uruguay

The Uruguayan frozen fish and seafood market soared to $X in 2021, picking up by X% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. Frozen fish and seafood consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Frozen Fish And Seafood in Uruguay

In value terms, frozen fish and seafood production rose markedly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible downturn. 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 2021, production stood at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports from Uruguay

In 2021, overseas shipments of frozen fish and seafood decreased by -X% to X tons, falling for the second year in a row after three years of growth. Overall, exports recorded a deep slump. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports contracted significantly to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Colombia (X tons), Brazil (X tons) and Cameroon (X tons) were the main destinations of frozen fish and seafood exports from Uruguay, together accounting for X% of total exports. China, Nigeria, Gabon, Cote d'Ivoire, Russia, Bangladesh, Congo and the United States lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Cote d'Ivoire (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish and seafood exported from Uruguay were Brazil ($X), Colombia ($X) and China ($X), with a combined X% share of total exports. These countries were followed by the United States, Cameroon, Gabon, Russia, Nigeria, Cote d'Ivoire, Congo and Bangladesh, which together accounted for a further X d'Ivoire, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen fish and seafood export price stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Fish And Seafood

Imports into Uruguay

After two years of decline, purchases abroad of frozen fish and seafood increased by X% to X tons in 2021. Overall, imports, however, saw a pronounced decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, frozen fish and seafood imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Spain (X tons) were the main suppliers of frozen fish and seafood imports to Uruguay, together comprising X% of total imports. Japan, South Korea, South Africa, Vietnam, Argentina, Ireland, Senegal, the United States and Ecuador lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and Vietnam ($X) constituted the largest frozen fish and seafood suppliers to Uruguay, together accounting for X% of total imports. These countries were followed by Argentina, Taiwan (Chinese), Ecuador, Japan, South Korea, the United States, South Africa, Ireland and Senegal, which together accounted for a further X the main suppliers, Ireland, 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 average frozen fish and seafood import price stood at $X per ton in 2021, shrinking by -X% against the previous year. Over the period under review, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Ecuador ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform