Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile (FOB) - 2022
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile (CIF) - 2023
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile (FOB) - 2022
The average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $4,851 per ton in 2022, increasing by 2.2% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s increased by +65.0% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($6,789 per ton), while the average price for exports to the United States ($3,186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile (CIF) - 2023
The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $2,620 per ton in December 2023, growing by 2.2% against the previous month. Overall, the import price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in August 2023 when the average import price increased by 13% m-o-m. Over the period under review, average import prices hit record highs at $3,070 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to December 2023, the rate of growth in terms of prices for Peru amounted to 0.0% per month.
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile
In 2022, approx. 4.6K tons of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were exported from Chile; picking up by 26% on 2021. Overall, exports, however, recorded a mild downturn.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $23M in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 10.7 | 11.4 | 11.1 | 13.4 | 7.8% |
| United States | 7.4 | 9.4 | 5.1 | 7.9 | 2.2% |
| Brazil | 0.5 | 0.3 | 0.4 | 0.5 | 0.0% |
| Poland | 1.3 | N/A | N/A | 0.2 | -46.4% |
| Others | 0.7 | 0.5 | 0.8 | 0.6 | -5.0% |
| Total | 20.7 | 21.6 | 17.5 | 22.5 | 2.8% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Chile in 2022:
- United States (2467.6 tons)
- Spain (1973.2 tons)
- Brazil (76.6 tons)
- Poland (57.2 tons)
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile
Imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s into Chile contracted rapidly to 1.2K tons in 2022, dropping by -21.9% compared with the previous year. In general, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports reached the peak of 1.6K tons, and then declined remarkably in the following year.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s shrank to $3.1M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 39%. As a result, imports reached the peak of $3.6M, and then dropped in the following year.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.4 | 3.4 | 2.7 | 1.3% |
| Peru | 0.4 | 0.2 | 0.3 | 0.4 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.1 | 2.6 | 3.6 | 3.1 | 0.0% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Chile in 2022:
- China (1097.5 tons)
- Peru (114.4 tons)
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