MERCOSUR: Preserved Sardines Market 2024

Preserved Sardines Market Size in MERCOSUR

The MERCOSUR preserved sardines market shrank to $X in 2023, declining by X% against the previous year. In general, consumption saw a pronounced setback. The most prominent rate of growth was recorded in 2019 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Preserved Sardines Production in MERCOSUR

In value terms, preserved sardines production dropped slightly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Preserved Sardines Exports

Exports in MERCOSUR

After four years of growth, overseas shipments of sardines (prepared or preserved) decreased by X% to X tons in 2023. In general, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, preserved sardines exports dropped modestly to $X in 2023. Over the period under review, exports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2023. Brazil (X tons) followed a long way behind the leaders.

Ecuador was also the fastest-growing in terms of the sardines (prepared or preserved) exports, with a CAGR of X% from 2012 to 2023. Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ecuador increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest preserved sardines supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Ecuador, preserved sardines exports plunged by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Ecuador amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%).

Preserved Sardines Imports

Imports in MERCOSUR

In 2023, imports of sardines (prepared or preserved) in MERCOSUR reduced to X tons, shrinking by X% against the previous year's figure. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, preserved sardines imports shrank to $X in 2023. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Colombia (X tons) represented the major importer of sardines (prepared or preserved), committing X% of total imports. It was distantly followed by Peru (X tons), Suriname (X tons), Argentina (X tons), Guyana (X tons), Chile (X tons) and Venezuela (X tons), together creating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to preserved sardines imports into Colombia stood at X%. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Suriname experienced a relatively flat trend pattern. By contrast, Guyana (X%), Chile (X%), Argentina (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Peru, Suriname, Argentina, Guyana and Chile increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) constitutes the largest market for imported sardines (prepared or preserved) in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Suriname ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

In Colombia, preserved sardines imports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Suriname (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Argentina ($X per ton), while Guyana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform