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    Home > Food News > Food Articles > Argentine seafood exports showed a downward trend in the first 10 months of this year

    Argentine seafood exports showed a downward trend in the first 10 months of this year

    • Last Update: 2022-12-30
    • Source: Internet
    • Author: User
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    From SeafoodMedia on November 28, the Argentine Shipbuilding Owners Association (CAPECA) reported that from January to October this year, Argentina's seafood fell by 9.
    5% in terms of quantity and currency, with an export value of 1.
    568 billion US dollars and 408233 tons of fish
    .
     
    Compared to last October, Argentina's seafood exports fell by 30% in October, exports of unprocessed fish and shellfish fell by 36.
    8%, and sales of Argentina's main seafood exports fell by 11.
    8%
    in the previous 10 months.
     
    There was no significant change in the export of hake, with exports of 50,000 tons, an increase of 16% year-on-year, and an average export price of US$3,268 per tonne, with Brazil being the main buyer, although its exports decreased by 6.
    5%, but the revenue increased by 23%; Spain was the second largest market, with demand remaining stable and sales up 10.
    6%; Exports to the United States decreased by 13 percent, while export earnings increased by 14 percent
    .
     
    With sales of 27,444 tonnes of hake and H&G fish, the main export category of hake, Russia and Ukraine saw a 30% and 52% decrease in demand due to the conflict among the five major buyers, with only two markets seeing an increase in demand, Israel and South Africa, but also the lowest at $1,190 per tonne, and the highest bidder was Spain at $1,800 per tonne, but demand fell by 51.
    5%.

     
    For Argentine shrimp, demand for whole shrimp decreased by 21%, exports of 70,000 tons, average price fell by 9.
    3%, only $6,510 per tonne, resulting in a 28%
    decrease in revenue.
     
    The report points to the worrying fact that "whole shrimp prices have not yet bottomed" and notes that the cumulative decline in prices is the result of significant declines in the relevant markets over the past 4 months, i.
    e.
    an average decline of 6.
    6% in July, 10.
    3% in August, 15.
    3% in September and 26.
    3%
    in October.
     
    Spain is also the main export market for Argentine shrimp, with 20% fewer purchases in the country this year and prices 8% lower than in 2021, and another important market for whole shrimp is Italy, whose demand has fallen by 68%.

     
    In October, sales of shrimp tails also declined, down 26 percent, and overall revenue fell 19 percent, despite a 9.
    5 percent
    price increase.
     
    The price of shrimp tail in China rose by 14%, but demand fell by 27.
    5%.

    In Spain, sales decreased by 17%; In other markets, including Peru, the United States, Thailand, Italy, Vietnam, Indonesia, Russia and Guatemala, shrimp tail sales declined
    in all markets.
     
    Argentina's squid exports and value increased by 20.
    5% and 26%
    respectively.
    South Korea is the largest export market, accounting for 25% of the total share of squid exports, but this year has not been as good as last year's export boom, Thailand is the second largest export market with an increase in exports by 102%, followed by Singapore with a 104.
    5% increase in exports, while China's demand fell by 12%.

     
    Patagonia toothfish exports were 2,110 tonnes, up 24% year-on-year, and exports increased by 73.
    6%, with 72% of the product exported to the United States
    at $26,729 per ton.
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