Live Fish Price in Colombia - 2022

Contents:

1. Live Fish Price in Colombia (FOB) - 2022
2. Live Fish Price in Colombia (CIF) - 2022
3. Live Fish Exports in Colombia
4. Live Fish Imports in Colombia

Live Fish Price in Colombia (FOB) - 2022

In February 2022, the average live fish export price amounted to $9,535 per ton, increasing by 15% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2021 an increase of 24% month-to-month. The export price peaked at $15,875 per ton in August 2021; however, from September 2021 to February 2022, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($17,299 per ton), while the average price for exports to Singapore ($3,198 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Live Fish Price in Colombia (CIF) - 2022

In 2022, the average live fish import price amounted to $12,240 per ton, approximately mirroring the previous year. Overall, the import price, however, showed a noticeable descent. The growth pace was the most rapid in 2020 when the average import price increased by 121% against the previous year. The import price peaked at $23,385 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($17,607 per ton), while the price for Yemen stood at $1,752 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+6.3%).

Live Fish Exports in Colombia

In 2022, exports of live fish from Colombia expanded remarkably to 1K tons, with an increase of 7.4% against the previous year's figure. The total export volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, live fish exports reduced to $10M in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, the exports attained the peak of $12M, and then shrank in the following year.

Top Export Markets for Live Fish from Colombia in 2022:

1. United States (413.7 tons)
2. Germany (74.8 tons)
3. Japan (67.6 tons)
4. Taiwan (Chinese) (65.3 tons)
5. Netherlands (49.0 tons)
6. Singapore (33.1 tons)
7. Mexico (29.0 tons)
8. United Kingdom (27.9 tons)
9. Czech Republic (27.6 tons)
10. Canada (26.7 tons)
11. China (19.8 tons)
12. Poland (16.4 tons)
13. Hong Kong SAR (5.9 tons)

Live Fish Imports in Colombia

In 2022, the amount of live fish imported into Colombia surged to 3.6 tons, with an increase of 157% compared with the previous year. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 427%. As a result, imports attained the peak of 5.3 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, live fish imports skyrocketed to $44K in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,067% against the previous year. As a result, imports attained the peak of $71K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Live Fish to Colombia in 2022:

1. United States (2.4 tons)
2. Yemen (1.2 tons)

Source: IndexBox Market Intelligence Platform