Argentina's seafood exports reach $1.757 billion in 2023

Published 2024년 1월 24일

Tridge summary

Argentine hake exports have seen stable demand with Spain, China, and the US as the main markets, while whole shrimp exports decreased by 9.5% in volume and 21.9% in value, a loss of $118 million. However, Italy showed significant growth in shrimp volume and prices. Hake fillet sales increased by 3.6% in volume in 2023, but revenue growth was limited due to a fall in average price. Squid sales volumes fell by 5.3%, but export values remained stable. Patagonian toothfish and king crab sales increased. In the US market, king crab sales volume increased by 9%, price by 11.3%, and revenue by 21%, but another unspecified product saw a 50% decrease in sales to 1,915 tons. The article suggests that processing raw materials yields higher results but warns of potential threats to employment and resource sustainability from increased exports.

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

Original content

Other species have managed to increase their value at some points, and in the case of Argentine hake, which has achieved stable demand thanks to prices, this has helped improve final export figures. The main destination markets were Spain, China and the US, which accounted for 46% of total fishery exports valued at $812 million. Seafood Media reports. Shrimp (Pleoticus Muelleri) Export volume of whole shrimp decreased by 9.5% and value by 21.9%, representing a loss of $118 million. 78 thousand tons were exported with an average price of $5,450 per ton, which is one of the lowest prices in the history of the fishery. The annual average price reduction was more than 13%. Spain, the main market, reduced demand by 18%, and China, which has renewed interest in the product in 2022, reduced its demand last year by the same proportion as the Spanish market. The only market that showed significant growth in terms of volume and prices was Italy, which sold 62% more shrimp. In the case of ...

Source: Fishretail