MERCOSUR: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in MERCOSUR

The MERCOSUR preserved anchovies market reached $X in 2022, surging by X% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Preserved Anchovies Production in MERCOSUR

In value terms, preserved anchovies production reached $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Preserved Anchovies Exports

Exports in MERCOSUR

In 2022, the amount of anchovies (prepared or preserved) exported in MERCOSUR dropped significantly to X tons, which is down by X% compared with 2021 figures. Overall, exports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, preserved anchovies exports shrank remarkably to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Peru (X tons) represented roughly X% of total exports in 2022.

Peru was also the fastest-growing in terms of the anchovies (prepared or preserved) exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Peru increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) also remains the largest preserved anchovies supplier in MERCOSUR.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru stood at X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, standing approx. at the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved anchovies export price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then fell modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to X% per year.

Preserved Anchovies Imports

Imports in MERCOSUR

In 2022, after three years of decline, there was significant growth in supplies from abroad of anchovies (prepared or preserved), when their volume increased by X% to X tons. In general, imports, however, saw a pronounced downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved anchovies imports soared to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the main importer of anchovies (prepared or preserved), generating X% of total imports. It was distantly followed by Colombia (X tons), constituting a X% share of total imports. Uruguay (X tons), Chile (X tons), Venezuela (X tons) and Ecuador (X tons) held a minor share of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%) and Venezuela (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Chile (X%), Uruguay (X%) and Ecuador (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia and Venezuela increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported anchovies (prepared or preserved) in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with an X% share of total imports. It was followed by Venezuela, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Venezuela (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved anchovies import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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