MERCOSUR: Market for Fresh Or Chilled Salmonoids Fillets 2024

Market Size for Fresh Or Chilled Salmonoids Fillets in MERCOSUR

After three years of growth, the MERCOSUR market for fresh or chilled salmonoids fillets decreased by X% to $X in 2023. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Fresh Or Chilled Salmonoids Fillets in MERCOSUR

In value terms, fresh or chilled salmonoids fillets production shrank to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in MERCOSUR

In 2023, the amount of fresh or chilled salmonoids fillets exported in MERCOSUR declined to X tons, with a decrease of X% against 2022. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets exports fell to $X in 2023. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Venezuela prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. Brazil (X tons) and Peru (X tons) took a little share of total exports.

Venezuela was also the fastest-growing in terms of the fresh or chilled salmonoids fillets exports, with a CAGR of X% from 2012 to 2023. Peru (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of Venezuela (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Peru (X p.p.) displayed negative dynamics.

In value terms, Venezuela ($X) remains the largest fresh or chilled salmonoids fillets supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports.

In Venezuela, fresh or chilled salmonoids fillets exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 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 Venezuela ($X per ton), while Brazil ($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 more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in MERCOSUR

After two years of decline, supplies from abroad of fresh or chilled salmonoids fillets increased by X% to X tons in 2023. Over the period under review, imports saw a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, fresh or chilled salmonoids fillets imports soared to $X in 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Colombia (X tons) was the key importer of fresh or chilled salmonoids fillets, mixing up X% of total imports. Peru (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Guyana (X%).

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

In value terms, the largest fresh or chilled salmonoids fillets importing markets in MERCOSUR were Peru ($X), Colombia ($X) and Guyana ($X), together comprising X% of total imports.

In terms of the main importing countries, Peru, 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 a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price saw a pronounced descent. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell dramatically in the following year.

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

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

Source: IndexBox Platform