Argentina: With a shrimp that lost price, fish exports fell by 6.7%

Published 2022년 11월 23일

Tridge summary

The fishing sector's exports have decreased by 6.7% between January and September of this year, generating foreign currency of US$ 1,427 million. The main markets were Asia and Europe, with the Asian market accounting for US$ 534 million and Europe for US$ 472 million. Despite a 19.9% drop in volume and a 24.9% decrease in price, shrimp still made up 50% of the value chain. However, the price of shrimp tails increased by 9.6%, helping to offset a 26% decrease in exported tonnage. There was also an increase in the export value of filleted hake and squid, with toothfish seeing the biggest increase of 110.2%.

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Original content

Exports from the fishing sector fell by 6.7% between January and September, compared to the same period last year. According to the Chamber of Fisheries and Freezer Shipowners (Capeca), shipments of shrimp, hake and squid generated foreign currency for US$ 1,427 million. The main destination for fishery exports in 2022 was the Asian market, with sales of US$ 534 million, followed by Europe with US$ 472 million. In the American continent, shipments to the center and north totaled US$150 million and in South American markets they reached US$126 million. Of these products, shrimp represents 50% of the shipments in this value chain. During the second quarter of the year, its exported volume fell by 19.9% and its price in foreign markets by 24.9%. LOOK: A traceability system for fishing and aquaculture is promoted The drop in the price of shrimp conditioned the business. "This situation was a consequence of the sharp drop in prices during the July-September quarter, which averaged ...

Source: ARInfocampo