Uruguay: Frozen Fish Fillet Market 2022

Frozen Fish Fillet Market Size in Uruguay

The Uruguayan frozen fish fillet market was estimated at $X in 2021, with an increase of X% against the previous year. Overall, consumption continues to indicate modest growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Fish Fillet Production in Uruguay

In value terms, frozen fish fillet production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Frozen Fish Fillet Exports

Exports from Uruguay

In 2021, overseas shipments of frozen fish fillet were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a drastic downturn. 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 fillet exports surged to $X in 2021. Over the period under review, exports, however, saw a sharp contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for frozen fish fillet exports from Uruguay, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to -X%.

In value terms, Brazil ($X) also remains the key foreign market for frozen fish fillet exports from Uruguay.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil amounted to -X%.

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 an increase of X%. 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.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to -X% per year.

Frozen Fish Fillet Imports

Imports into Uruguay

After three years of decline, overseas purchases of frozen fish fillet increased by X% to X tons in 2021. In general, imports, however, saw a slight shrinkage. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen fish fillet imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a mild curtailment. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest frozen fish fillet supplier to Uruguay, accounting for a X% share of total imports. Moreover, frozen fish fillet imports from Vietnam exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The third position in this ranking was occupied by China (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and China (-X% per year).

In value terms, the largest frozen fish fillet suppliers to Uruguay were Vietnam ($X), Argentina ($X) and Chile ($X), together accounting for X% of total imports. China, New Zealand and Tanzania lagged somewhat behind, together comprising a further X terms of the main suppliers, Tanzania, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average frozen fish fillet import price amounted to $X per ton, declining by -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for Vietnam ($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