MERCOSUR: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in MERCOSUR

In 2023, after three years of growth, there was decline in the MERCOSUR frozen fish meat market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Frozen Fish Meat Production in MERCOSUR

In value terms, frozen fish meat production dropped modestly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Frozen Fish Meat Exports

Exports in MERCOSUR

In 2023, shipments abroad of frozen fish meat was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. In general, exports, however, saw a perceptible reduction. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, frozen fish meat exports dropped modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Chile dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Peru (X tons), generating a X% share of total exports. Ecuador (X tons) held a little share of total exports.

Chile experienced a relatively flat trend pattern with regard to volume of exports of frozen fish meat. Peru experienced a relatively flat trend pattern. Ecuador (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.) and Peru (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ecuador (X p.p.) displayed negative dynamics.

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

In Chile, frozen fish meat exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, waning by X% against the previous year. Export price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen fish meat export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Frozen Fish Meat Imports

Imports in MERCOSUR

In 2023, the amount of frozen fish meat imported in MERCOSUR rose significantly to X tons, surging by X% on the previous year's figure. Overall, imports, however, continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, frozen fish meat imports surged to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Colombia (X tons) and Brazil (X tons) dominates imports structure, together making up X% of total imports. It was distantly followed by Chile (X tons), committing an X% share of total imports. The following importers - Uruguay (X tons) and Peru (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, rising by X% against the previous year. Import price indicated a notable expansion from 2012 to 2023: its price 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, frozen fish meat import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform