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Chile - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Chile - 2023
Contents:
- Frozen Crustaceans Price in Chile (FOB) - 2023
- Frozen Crustaceans Price in Chile (CIF) - 2023
- Frozen Crustaceans Exports in Chile
- Frozen Crustaceans Imports in Chile
Frozen Crustaceans Price in Chile (FOB) - 2023
In September 2023, the average frozen crustaceans export price amounted to $18,364 per ton, shrinking by -6.4% against the previous month. Over the period under review, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 59% against the previous month. Over the period under review, the average export prices reached the peak figure at $26,589 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($30,157 per ton), while the average price for exports to Indonesia ($5,213 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Crustaceans Price in Chile (CIF) - 2023
In September 2023, the average frozen crustaceans import price amounted to $5,517 per ton, approximately mirroring the previous month. In general, the import price, however, showed a slight setback. The growth pace was the most rapid in May 2023 an increase of 6.9% against the previous month. Over the period under review, average import prices reached the maximum at $6,510 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Ecuador ($5,860 per ton), while the price for China totaled $4,693 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ecuador (-0.5%).
Frozen Crustaceans Exports in Chile
In 2022, approx. 4K tons of frozen crustaceans were exported from Chile; with a decrease of -6.8% on the year before. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 5.8% against the previous year.
In value terms, frozen crustaceans exports soared to $103M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 63%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Frozen Crustaceans in Chile (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 50.9 | 31.3 | 47.6 | 53.5 | 1.7% |
United States | 7.7 | 5.2 | 20.7 | 29.0 | 55.6% |
Australia | 2.4 | 2.4 | 2.5 | 4.1 | 19.5% |
Taiwan (Chinese) | 5.3 | 5.1 | 3.5 | 4.0 | -9.0% |
Belgium | 0.7 | 0.7 | 0.8 | 2.2 | 46.5% |
Indonesia | 3.5 | 1.7 | 2.0 | 2.0 | -17.0% |
Others | 5.7 | 5.3 | 7.4 | 8.5 | 14.2% |
Total | 76.3 | 51.9 | 84.4 | 103 | 10.5% |
Top Export Markets for Frozen Crustaceans from Chile in 2022:
- China (1982.4 tons)
- United States (989.1 tons)
- Indonesia (263.1 tons)
- Australia (190.4 tons)
- Taiwan (Chinese) (131.8 tons)
- Belgium (99.2 tons)
Frozen Crustaceans Imports in Chile
After three years of growth, overseas purchases of frozen crustaceans decreased by -38.1% to 7.7K tons in 2022. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 107% against the previous year. As a result, imports reached the peak of 12K tons, and then reduced dramatically in the following year.
In value terms, frozen crustaceans imports contracted sharply to $49M in 2022. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 125%. As a result, imports attained the peak of $74M, and then shrank rapidly in the following year.
Import of Frozen Crustaceans in Chile (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 17.0 | 17.4 | 36.0 | 25.3 | 14.2% |
China | 13.0 | 15.0 | 36.2 | 23.1 | 21.1% |
Others | 3.2 | 0.6 | 2.3 | 0.6 | -42.8% |
Total | 33.2 | 33.1 | 74.5 | 49.0 | 13.9% |
Top Suppliers of Frozen Crustaceans to Chile in 2022:
- China (3.8K tons)
- Ecuador (3.8K tons)
This report provides an in-depth analysis of the frozen crustaceans market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Chile
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Chile
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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