MERCOSUR: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in MERCOSUR

The MERCOSUR frozen whole fish market surged to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Frozen Whole Fish Production in MERCOSUR

In value terms, frozen whole fish production rose modestly to $X in 2023 estimated in export price. In general, production, however, recorded a mild reduction. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Frozen Whole Fish Exports

Exports in MERCOSUR

In 2023, after six years of growth, there was significant decline in overseas shipments of frozen whole fish, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then fell in the following year.

In value terms, frozen whole fish exports dropped to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2023, Chile (X tons) represented the key exporter of frozen whole fish, committing X% of total exports. Peru (X tons) ranks second in terms of the total exports with a X% share, followed by Ecuador (X%), Argentina (X%) and Uruguay (X%). The following exporters - Brazil (X tons) and Venezuela (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to frozen whole fish exports from Chile stood at X%. At the same time, Venezuela (X%), Ecuador (X%), Peru (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Uruguay (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.), Peru (X p.p.), Ecuador (X p.p.) and Venezuela (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Uruguay (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

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

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

Frozen Whole Fish Imports

Imports in MERCOSUR

In 2023, the amount of frozen whole fish imported in MERCOSUR shrank to X tons, falling by X% on the previous year's figure. In general, imports continue to indicate a slight decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen whole fish imports fell to $X in 2023. Over the period under review, imports saw a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of frozen whole fish, namely Ecuador, Colombia and Brazil, represented more than two-thirds of total import. It was distantly followed by Peru (X tons), creating a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest frozen whole fish importing markets in MERCOSUR were Brazil ($X), Ecuador ($X) and Colombia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Colombia, 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 trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform