Positive figures for Argentina's fishing exports in September

Published 2024년 10월 22일

Tridge summary

The article provides an overview of the fishing industry's performance from January to September, highlighting changes in demand and prices for various seafood products. Despite increased demand for hubbsi hake, whole shrimp, squid, black hake, and king crab, not all products saw a price increase. The total export volume reached 405,555 tons, valued at $1,573 million, marking a 15% increase from the previous year. Brazil and Spain were the leading buyers of hake fillets, with Brazil paying a higher price per tonne. The United States emerged as a significant market, with demand for hake and other products increasing, despite lower overall export values. Conflict-affected countries like Russia, Israel, and Ukraine also showed strong demand. While whole shrimp demand surged, there was a decline in shrimp tails demand and prices, with the United States being the only market showing positive growth. Illex products also performed well, with over 90% sold by September, at a 13.6% higher average price. China's demand for Argentine shrimp, however, decreased, with only the United States and Vietnam showing positive trends in import volumes.

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

Original content

Demand for hubbsi hake, whole shrimp, squid, black hake and king crab increased, although this was not always accompanied by an increase in price. In the case of hake, the price for both products fell, although to a lesser extent for the fillet; it also fell for king crab, black hake and shrimp tails, while prices for whole shrimp and squid rose. A total of 405,555 tons were exported from January to September for a total of 1,573 million dollars, which represents a positive variation of 15% compared to the same period last year, according to CAPECA through the document prepared with data from INDEC. Hake fillets saw a 14% increase in demand with 51,609 tonnes sold at an average value of US$3,201, with no changes from the 2023 price for this period. 31% of all exports were destined for Brazil, its main buyer; followed closely by Spain with a similar percentage. For the former, this meant an increase in demand of 26% and for the latter of 6.5%; in terms of price, Brazil paid more at ...

Source: Revistapuerto