Latin America and the Caribbean: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Latin America and the Caribbean

The Latin American meat and fish extracts market reduced modestly to $X in 2023, standing approx. at the previous year. Overall, consumption, however, saw a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Latin America and the Caribbean

In value terms, meat and fish extracts production shrank modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in Latin America and the Caribbean

For the fifth consecutive year, LatAmerica and the Caribbean recorded decline in overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs, which decreased by X% to X tons in 2023. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, meat and fish extracts exports fell dramatically to $X in 2023. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. Peru (X tons) ranks second in terms of the total exports with a X% share, followed by Uruguay (X%). Chile (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to meat and fish extracts exports from Brazil stood at X%. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Uruguay experienced a relatively flat trend pattern. While the share of Brazil (X p.p.), Peru (X p.p.), Uruguay (X p.p.) and Chile (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest meat and fish extracts supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Uruguay ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2014 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 remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in Latin America and the Caribbean

In 2023, approx. X tons of extracts and juices of meat, fish, crustaceans and molluscs were imported in Latin America and the Caribbean; which is down by X% on the year before. Overall, imports, however, saw moderate growth. 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 attained the maximum at X tons in 2022, and then declined in the following year.

In value terms, meat and fish extracts imports dropped to $X in 2023. Total imports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

The countries with the highest levels of meat and fish extracts imports in 2023 were Brazil (X tons), Argentina (X tons), Costa Rica (X tons), Cuba (X tons), Mexico (X tons), Anguilla (X tons) and Ecuador (X tons), together recording X% of total import.

From 2012 to 2023, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported extracts and juices of meat, fish, crustaceans and molluscs in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

In Brazil, meat and fish extracts imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

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 Brazil ($X per ton), while Cuba ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform