The squid problem causes Argentina's seafood exports to drop 2%

Frozen Squid

Seafood

Argentina

Market & Price Trends

Published Feb 1, 2024

Tridge summary

In 2023, Argentina's seafood exports dropped by 2.1% year-on-year to 480,080 tons, valued at US$1.78 billion, primarily due to a significant decrease in squid exports. Despite this, there was a rise in the export volumes of cod and shrimp by 4.9% and 3.1% respectively. Spain, accounting for 15.5% of Argentina's total seafood exports, saw a 3.7% decrease in volume. However, exports to China saw an increase of 14% and 15.8% respectively, while exports to South Korea, the United States, and Thailand decreased.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to data released by the Argentine Ministry of Agriculture, Livestock and Fisheries, Argentina's aquatic product exports in 2023 fell by 2.1% year-on-year, and their value fell by 2.2%, reaching 480,080 tons, valued at US$1.78 billion. This decline was mainly caused by a significant reduction in squid exports. Influence. Specific data shows that the export volume of squid was 133,731 tons, worth US$302 million, a decrease of 8.8% from 146,645 tons in 2021. The export value of this product also fell by 3.7% year-on-year, from US$315 million last year to this year. 302 million US dollars. However, the average annual export value of the product increased by 6.4% to US$2.20 per kilogram, or US$2,195.8 per ton. In contrast, export volumes of cod and shrimp increased by 4.9% and 3.1% year-on-year respectively, to 106,692 tons and 139,933 tons. However, the export value of these two products fell by 1.6% and 4.2% respectively, to 2.643 tons respectively. and US$904 ...

Source: Foodmate