The squid problem led to a 2% drop in seafood exports from Argentina

Seafood

Argentina

Market & Price Trends

Published Feb 2, 2024

Tridge summary

In 2023, Argentina's aquatic product exports saw a 2.1% decrease, amounting to 480,080 tons and valued at 1.78 billion US dollars, primarily due to a significant drop in squid exports. Despite this, there was a rise in cod and shrimp exports by 4.9% and 3.1% respectively. Spain remained Argentina's largest export market, making up 15.5% of total water exports. Meanwhile, exports to China saw a year-on-year increase of 14% and 15.8%, while those to South Korea, the US, and Thailand fell.

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 published by the Argentine Ministry of Agriculture, Livestock and Fisheries, Argentina's aquatic product exports in 2023 decreased by 2.1% year on year, and their value decreased by 2.2%, reaching 480,080 tons, valued at 1.78 billion. US dollars. This decline was mainly due to a significant reduction in squid exports. Specific data shows that squid exports amounted to 133,731 tons valued at US$302 million, down 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 in 2022 to US$302 million in 2023. 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 tonne. In contrast, cod and shrimp exports increased by 4.9% and 3.1% year-on-year respectively, reaching 106,692 tonnes and 139,933 tonnes. However, the export value of these two products fell by 1.6% and 4.2% to US$264.3 million and US$904 million respectively, making them more affordable ...

Source: Fishretail