Argentine fish exports continue to fall

Published 2022년 11월 25일

Tridge summary

A report by Fabián Pettigrew for CAPECA reveals a significant decline in the export volume and foreign currency income for Argentina's fish products industry, with a 9.5% drop in ten months reaching $1,568 million and 408,233 tons sold. The unprocessed fish and shellfish sectors experienced a 36.8% drop, particularly affecting shrimp. However, squid and toothfish exports saw an increase, contributing to a slight improvement in the total export value. The war's impact is evident with Russia and Ukraine reducing purchases, but Israel and South Africa have shown an increase in demand. The price of whole shrimp has not yet reached a stable point, following a significant decrease in key markets. Despite the challenges, the price of squid has begun to rise, reaching similar levels to June this year at $8,711 per ton, offering a glimmer of hope for the industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The report prepared by Fabián Pettigrew for CAPECA shows a decline of 9.5% both in volume exported and in foreign currency income. In the ten months that have elapsed, 1,568 million dollars entered and 408,233 tons of fish products were sold. On the other hand, the comparative figures for the month of October in 2021 and 2022 according to data recently published by INDEC, show a 30% drop for fishing products; in unprocessed fish and shellfish the drop was 36.8% and in the accumulated ten months, for these primary products the drop was 11.8%. The greatest impact has been felt by the tangonero sector, being more marked for the whole shrimp since the fall in demand was accompanied by a constant drop in the price that has not yet ended, but it has also been felt in the shrimp tails that they had a reduction in demand in all markets. For hubbsi hake there are ups and downs, depending on the type of presentation, while the positive figures were provided by squid and toothfish, allowing ...

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