Argentina: Fishing exports grew 3.6% in February

Published 2024년 4월 3일

Tridge summary

In 2023, the fishing industry saw significant developments, with exports reaching 78,385 tons and generating 320 million dollars, marking a 4.7% contribution to the country's total exports of 6,868 million dollars. Illex squid led the increase in both volume and value, contributing to a 28.7% rise in foreign currency income, with China as its largest market. Despite a rise in shrimp demand, prices dropped, and while Hubbsi hake demand increased, there was no data for toothfish. Brazil emerged as the primary market, particularly for hake fillets, whereas the US saw a 27% decrease in demand. Russia's demand for frozen hake surged by 73%. The market dynamics also highlighted a 13.7% price increase from the previous year, with South Korea and Singapore adjusting their demands and prices, and Spain paying a higher price, indicating varied dynamics across different countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Fishing exports as of February 29 were 78,385 tons for a total of 320 million dollars. The greatest contribution was from illex squid, whose sales grew in volume, but also increased in value considerably, largely cementing the positive signs of the month of February. In the case of shrimp, demand increased, but the price continues to fall. Hubbsi hake also had an increase in demand and in the case of toothfish there is no data for 2023 for this period, so what was sold in this first two months was reported, which was 327 tons at an average price of $24,974. In the general analysis (Primary and Manufactured Products) of the country's exports, which totaled 6,868 million dollars in foreign currency, fishing represented 4.7%. Hake fillets had a demand growth of 14.2%, exporting 9 thousand tons in the first two months at a value of 3,308 dollars per ton. The average price grew one point, which meant a foreign exchange income of 15.3% higher than the same period last year. The ...

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