Extracts and juices of meat, fish and aquatic invertebrates market in Americas

Earlier Report Observations

The market for extracts and juices of meat, fish and aquatic invertebrates in the Americas saw considerable volatility between 2018 and 2023. Starting at $40.5 million in 2018, the market size contracted to $32.2 million in 2019, edged up to $33.1 million in 2020, then fell again to $28.2 million in 2021. A sharp recovery followed, with the market reaching $37.7 million in 2022 and climbing further to $42.1 million in 2023.

The market's growth in 2023 was supported by a significant reduction in export volumes, which decreased from $19.3 million to $14.4 million, making more product available domestically. Export activity remained concentrated in Mexican states such as Estado de México and Ciudad de México. Broader industry trends indicated relatively stable global demand for these products into 2024, with imports falling for the fourth consecutive year, contributing to a favorable environment for the local market.

Production extracts and juices of meat, fish and aquatic invertebrates in Americas

In kind, 2017-2020, t

Top producers of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

World map of production of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

After two consecutive years of growth, production of extracts and juices of meat, fish and aquatic invertebrates in the Americas declined. In 2020, the region produced 4 964 tons, marking a 1.1% decrease from the previous year. Looking at the broader period from 2017 to 2020, production rose by 14%, which translates to an average annual growth rate of 4.5%. The peak was reached in 2019 with 5 019 tons, while the most significant year-on-year increase occurred in 2018 at 12.4%.

Annual dynamics of production in Americas in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the output of extracts and juices of meat, fish and aquatic invertebrates in the Americas was valued at 57 889 thousand US dollars, showing a steady increase of 7.1% compared to 2019. Over the 2017-2020 period, production value grew by 20.9%, equivalent to an annualized rate of 6.5%. The largest decline was recorded in 2019 at 4.0%, whereas the most substantial rise took place in 2018 with a 17.5% increase.

Annual dynamics of production in Americas in value, 2017-2020, K $ US

Exports extracts and juices of meat, fish and aquatic invertebrates from Americas

Exports in kind, t

Following two years of expansion, the volume of exported extracts and juices of meat, fish and aquatic invertebrates from the Americas decreased. In 2020, exports amounted to 3 209 tons, reflecting a moderate drop of 7.8% from the previous year. From 2017 to 2020, exports grew by 30.3%, averaging 9.2% per year. The highest volume was achieved in 2019 at 3 481 tons, which also saw the largest annual increase of 26.4%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, t

Between 2017 and 2020, Belgium, the Netherlands, and Spain were the top buyers of extracts and juices of meat, fish and aquatic invertebrates from the Americas in terms of volume. Belgium accounted for 46.9% of exports, the Netherlands for 26.4%, and Spain for 2.8%. Together, these three countries represented 76.1% of total export volumes.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Americas in kind, 2017-2020

Exports in value, K $ US

After two years of growth, the value of exports of extracts and juices of meat, fish and aquatic invertebrates from the Americas declined. In 2020, exports totaled 37 425 thousand US dollars, showing little change from the previous year. Over the 2017-2020 period, export value increased by 38.1%, corresponding to an annualized growth rate of 11.4%. The peak was recorded in 2019 at 37 494 thousand US dollars, which also experienced the largest annual rise of 18.4%.

Annual dynamics of product's exports from Americas in value, 2017-2020, K $ US

From 2017 to 2020, Belgium, the Netherlands, and Japan formed the core markets for exports of extracts and juices of meat, fish and aquatic invertebrates from the Americas in value terms. Belgium held a 40.0% share, the Netherlands 25.9%, and Japan 2.9%. Collectively, these three countries accounted for 68.8% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Americas in value, 2017-2020

Imports extracts and juices of meat, fish and aquatic invertebrates to Americas

Imports in kind, t

The market for imports of extracts and juices of meat, fish and aquatic invertebrates into the Americas showed notable fluctuations during the period. The lowest volume was recorded in 2019 at 530 tons, while the highest was observed in 2017, resulting in a peak-to-trough ratio of 12.6 times. In 2020, imports reached approximately 642 tons, representing a significant increase of 21.1% from the previous year. The largest decline occurred in 2019 at 76.1%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, t

Between 2017 and 2020, imports of extracts and juices of meat, fish and aquatic invertebrates into the Americas were widely distributed across partner countries. Denmark accounted for 5.2% of import volume, Thailand for 5.0%, and the Philippines for 3.8%. Together, these three countries made up only 14.0% of total imports, indicating a highly diversified supply base.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Americas in kind, 2017-2020

Imports in value, K $ US

The value of imports of extracts and juices of meat, fish and aquatic invertebrates into the Americas declined for the third consecutive year. In 2020, imports totaled 12 680 thousand US dollars, reflecting a sharp decrease of 19.1% compared to 2019. Over the 2017-2020 period, import value fell by 20.9%, with a compound annual growth rate of -7.5%.

Annual dynamics of product's imports to Americas in value, 2017-2020, K $ US

From 2017 to 2020, Denmark, Thailand, and Spain played notable but not dominant roles as suppliers of extracts and juices of meat, fish and aquatic invertebrates to the Americas in value terms. Denmark contributed 3.6% of import value, Thailand 1.3%, and Spain 1.0%. Their combined share reached just 5.9% of total imports, underscoring the fragmented nature of the supply market.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Americas in value, 2017-2020