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

Earlier Report Observations

The market for extracts and juices of meat, fish and aquatic invertebrates in MERCOSUR grew steadily from 743 tons in 2018 to 2 447 tons in 2023. This expansion was supported by the strong development of aquaculture in Brazil, where increased production of tilapia and tambaqui enhanced the availability of raw materials for processing. Consumer trends towards more sustainable and nutritious seafood products also contributed to market growth.

A sharp rise in market volume occurred in 2021, jumping 76% to 1 774 tons, largely due to a significant drop in exports which fell from 1 768 tons to 1 064 tons while imports rose. Growth continued through 2022 and 2023, reaching 2 447 tons, with the aquaculture sector's ongoing expansion providing a stable foundation.

Regulatory developments, including changes to export duties in Argentina and a regional push for greater traceability and sustainability in the seafood supply chain, further shaped the market environment by 2024. The involvement of major international feed companies in South America's aquaculture sector indicated broader industry growth that supports production of these extracts and juices.

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

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 years of growth, MERCOSUR's production volume of extracts and juices from meat, fish, and aquatic invertebrates declined. In 2019, production reached its peak at 2 705 t, but by 2020, it had fallen to 2 648 t, marking a slight decrease of 2.1% from the previous year. Over the period from 2017 to 2020, overall production increased by 3.3%, which translates to an average annual growth rate of 1.1%. The most significant increase occurred in 2019, with a rise of 3.7%.

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

In value, 2017-2020, K $ US

MERCOSUR's production value of extracts and juices from meat, fish, and aquatic invertebrates rose for the third consecutive year. In 2020, the output was valued at 42 061 K $ US, showing a 1.6% increase compared to 2019. From 2017 to 2020, production value grew by 20.7%, with a compound annual growth rate of 6.5%.

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

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

Exports in kind, t

Exports of extracts and juices from meat, fish, and aquatic invertebrates from MERCOSUR declined for the second year in a row. In 2018, exports peaked at 1 934 t, but by 2020, they had dropped to 1 768 t, reflecting a small decrease of 1.8% from the previous year. Over the 2017-2020 period, exports increased by 4.4%, with an average annual growth rate of 1.5%. The largest decline was recorded in 2019 at 6.9%, while the most significant increase occurred in 2018 with a 14.2% rise.

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

From 2017 to 2020, Belgium and the Netherlands were the dominant players in MERCOSUR's exports by volume, together accounting for 83.8% of total shipments. The remaining share was distributed among various other countries.

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

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

Exports in value, K $ US

MERCOSUR's exports of extracts and juices from meat, fish, and aquatic invertebrates in value terms increased for the third consecutive year. In 2020, exports were recorded at 28 089 K $ US, which is 1.9% higher than in 2019. Between 2017 and 2020, export value grew by 22.1%, with a compound annual growth rate of 6.9%.

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

During the 2017-2020 period, Belgium and the Netherlands concentrated the majority of MERCOSUR's export value for extracts and juices from meat, fish, and aquatic invertebrates. Other markets individually contributed less significantly.

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

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

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

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2017 and peaked in 2020, with a 10.6-fold difference between these years. In 2020, MERCOSUR imported approximately 129 t of extracts and juices from meat, fish, and aquatic invertebrates, reflecting a steep increase of 158.8% compared to 2019. The largest decline occurred in 2019 at 28.5%, while the most significant increase was in 2018 with a 470.2% rise.

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

From 2017 to 2020, Denmark was the primary source for MERCOSUR's imports by volume, accounting for 84.9% of total flows. Other markets formed a long tail of smaller partners.

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

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

Imports in value, K $ US

Noticeable fluctuations characterized the market performance during this period. Imports bottomed in 2017 and peaked in 2020, differing by a factor of 8.1. In 2020, cross-border shipments of extracts and juices from meat, fish, and aquatic invertebrates into MERCOSUR were recorded at 794 K $ US, indicating a gain of 222.0% compared to 2019. The largest decline was recorded in 2019 at 21.6%.

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

In the 2017-2020 period, Denmark and the United States led the list of markets for MERCOSUR's imports by value, together accounting for 85.7% of total flows. Other partners played a supplementary role.

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

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