Argentina's seafood exports grew in the first 10 months of the year

Published 2024년 11월 25일

Tridge summary

In October 2024, Argentina experienced an 11.4% increase in seafood exports compared to the same month in 2023, totaling USD 1,713 million over the first 10 months of the year, according to the CAPeCA Report. This growth is largely attributed to higher export volumes, with the exception of headless shrimp. The report highlights significant variations in the performance of different seafood species. Cod exports rose by 15.3% in volume and 13.9% in value, despite falling prices, with Brazil as the primary market. Whole shrimp exports increased by 19.7% in volume and 3.5% in average price, although they still failed to reach pre-2020 levels. Squid was the only species to see growth in both revenue and price, with a 8.7% increase in volume and a 13.3% increase in value, led by exports to China.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Revista Puerto, Argentina's seafood exports in October 2024 increased by 11.4% compared to October 2023, mainly due to increased export volumes, while the prices of raw materials, except for squid and whole shrimp, decreased. According to the CAPeCA Report, Argentina's seafood exports in the first 10 months of 2024 reached USD 1,713 million, up 11.4% compared to the same period last year. However, exports of each seafood species differed significantly. For cod, the increase in exports was due to increased volumes due to lower prices in all consuming markets. Exports of headless shrimp decreased in both volume and value. In contrast, whole shrimp saw increased demand and prices increase slightly, although still far from the profits recorded until 2019; squid exports were the only species that grew in both revenue and price. Cod (hubbsi) Exports of cod fillets increased by 15.3% in volume and 13.9% in value, although the average price decreased by 1.2%, due to ...

Source: Vinanet