Shrimp Price in Chile - 2023
Contents:
- Shrimp Price in Chile (CIF) - 2023
- Shrimp Price in Chile (FOB) - 2023
- Shrimp Imports in Chile
- Shrimp Exports in Chile
Shrimp Price in Chile (CIF) - 2023
In June 2023, the average shrimp import price amounted to $5,612 per ton, rising by 2.8% against the previous month. Overall, the import price, however, saw a slight setback. The growth pace was the most rapid in February 2023 when the average import price increased by 6.5% m-o-m. The import price peaked at $6,903 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Ecuador ($6,301 per ton), while the price for China amounted to $4,962 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ecuador (-1.4%).
Shrimp Price in Chile (FOB) - 2023
In June 2023, the average shrimp export price amounted to $24,343 per ton, growing by 2.5% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 34% m-o-m. The export price peaked at $30,945 per ton in November 2022; however, from December 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($28,833 per ton), while the average price for exports to Denmark totaled $17,178 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%), while the prices for the other major destinations experienced a decline.
Shrimp Imports in Chile
In 2022, shrimp imports into Chile soared to 25K tons, picking up by 19% against 2021 figures. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 94%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, shrimp imports amounted to $130M in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 103% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Shrimp in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.1 | 39.2 | 79.0 | 79.5 | 30.1% |
| Ecuador | 20.4 | 21.8 | 44.8 | 45.1 | 30.3% |
| Others | 5.1 | 2.7 | 5.5 | 5.4 | 1.9% |
| Total | 61.6 | 63.7 | 129 | 130 | 28.3% |
Top Suppliers of Shrimp to Chile in 2022:
- China (16.2K tons)
- Ecuador (7.9K tons)
Shrimp Exports in Chile
In 2022, the amount of shrimps exported from Chile dropped sharply to 717 tons, shrinking by -54.1% against the previous year's figure. Overall, exports recorded a dramatic downturn. The smallest decline of -1.5% was in 2020.
In value terms, shrimp exports dropped dramatically to $8.4M in 2022. In general, exports showed a sharp contraction. The smallest decline of -1.6% was in 2020.
| Export of Shrimp in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.4 | 27.3 | 27.1 | 6.7 | -38.2% |
| Denmark | 3.3 | 4.0 | 4.4 | 1.1 | -30.7% |
| Canada | 1.1 | 0.9 | 1.1 | 0.3 | -35.2% |
| Germany | 1.3 | 1.7 | 0.4 | 0.3 | -38.7% |
| Others | 0.9 | 0.5 | 0.2 | 0.1 | -51.9% |
| Total | 34.9 | 34.3 | 33.2 | 8.4 | -37.8% |
Top Export Markets for Shrimp from Chile in 2022:
- United States (490.0 tons)
- Denmark (143.1 tons)
- Germany (37.8 tons)
- Canada (32.4 tons)
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