Venezuela: Frozen Fish Fillet Market 2022

Frozen Fish Fillet Market Size in Venezuela

After two years of growth, the Venezuelan frozen fish fillet market decreased by -X% to $X in 2021. In general, consumption saw a precipitous contraction. Frozen fish fillet consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Frozen Fish Fillet Production in Venezuela

In value terms, frozen fish fillet production rose slightly to $X in 2021 estimated in export price. In general, the total production indicated a perceptible 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, production decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Frozen fish fillet production peaked at $X in 2019; afterwards, it flattened through to 2021.

Frozen Fish Fillet Exports

Exports from Venezuela

In 2021, exports of frozen fish fillet from Venezuela expanded rapidly to X tons, with an increase of X% on the year before. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, frozen fish fillet exports rose notably to $X in 2021. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for frozen fish fillet exports from Venezuela, accounting for a X% share of total exports. Moreover, frozen fish fillet exports to the United States exceeded the volume sent to the second major destination, Brazil (X tons), twofold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-X% per year) and Canada (+X% per year).

In value terms, the United States ($X) remains the key foreign market for frozen fish fillet exports from Venezuela, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and Japan (-X% per year).

Export Prices by Country

In 2021, the average frozen fish fillet export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price 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, frozen fish fillet export price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Brazil ($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 Brazil (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Venezuela

In 2021, purchases abroad of frozen fish fillet increased by X% to X tons, rising for the third year in a row after six years of decline. Over the period under review, imports, however, continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen fish fillet imports expanded significantly to $X in 2021. In general, imports, however, faced a dramatic decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), the United States (X tons) and Chile (X tons) were the main suppliers of frozen fish fillet imports to Venezuela, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, the largest frozen fish fillet suppliers to Venezuela were Vietnam ($X), Chile ($X) and the United States ($X), together comprising X% of total imports.

Among the main suppliers, the United States, with a CAGR of -X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average frozen fish fillet import price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the import price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform