Extracts and juices of meat, fish and aquatic invertebrates market in South America

Earlier Report Observations

Between 2018 and 2020, the domestic market volume for extracts and juices of meat, fish and aquatic invertebrates in South America grew from 763 t to 943 t. This increase was supported by the strong expansion of aquaculture in Brazil, where annual growth reached 5.6%, with tilapia becoming the main cultivated species. The COVID-19 pandemic in 2020 disrupted international logistics and reduced export volumes, which made more product available for local consumption.

After 2020, the market expanded rapidly, reaching 2 435 t by 2023. The sharp rise to 1 722 t in 2021 was driven by post-pandemic recovery and the implementation of new traceability and labeling policies that encouraged domestic sales. Stricter export regulations, including the LPCO license and IBAMA permits for CITES-listed species, contributed to retaining a larger share of production within the region.

Growth was further sustained by the continued expansion of the aquaculture sector, the entry of new market players, and rising investments in processing technology. Consumer preference shifted towards certified and sustainable products, which supported the development of new processed segments and added-value offerings. By 2024, Brazil's national fish production had reached 1.35 million t, highlighting the sector's ongoing strength.

Production extracts and juices of meat, fish and aquatic invertebrates in South America

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

South America's production of extracts and juices of meat, fish, and aquatic invertebrates declined after two years of growth. In 2020, the region produced 2 648 tonnes, marking a 2.1% decrease from 2019. Production peaked in 2019 at 2 705 tonnes, which also saw the largest annual increase of 3.7%. Over the period from 2017 to 2020, overall production rose by 3.3%, translating to an average annual growth rate of 1.1%.

Annual dynamics of production in South America in kind, 2017-2020, t

In value, 2017-2020, K $ US

South America's production value of extracts and juices of meat, fish, and aquatic invertebrates increased for the third consecutive year. In 2020, output was valued at 40 442 thousand US dollars, up 2.6% from the previous year. From 2017 to 2020, production value grew by 23.6%, with an average annual rate of 7.3%.

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

Exports extracts and juices of meat, fish and aquatic invertebrates from South America

Exports in kind, t

South America's exports of extracts and juices of meat, fish, and aquatic invertebrates in kind declined for the second year in a row. In 2020, exports totaled 1 844 tonnes, a 2.9% drop from the previous year. The highest volume was recorded in 2018 at 1 968 tonnes, which also saw the largest increase of 8.6%. The largest decline occurred in 2019, with a 3.5% decrease.

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

From 2017 to 2020, Belgium and the Netherlands remained the top markets for South America's exports in kind, jointly accounting for 82.3% of total flows. Other partners played a supplementary role during this period.

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

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

Exports in value, K $ US

South America's exports of extracts and juices of meat, fish, and aquatic invertebrates in value terms increased for the third consecutive year. In 2020, exports reached 28 166 thousand US dollars, up 1.8% from 2019. Over the 2017-2020 period, exports grew by 21.8%, with a compound annual growth rate of 6.8%.

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

From 2017 to 2020, Belgium and the Netherlands consistently represented 82.8% of South America's total export value, indicating a highly concentrated market with a long tail of smaller partners.

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

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

Imports extracts and juices of meat, fish and aquatic invertebrates to South America

Imports in kind, t

The market for imports in kind showed significant volatility during these years. Imports reached their lowest point in 2017 and peaked in 2020, with a 2.4-fold difference between these years. In 2020, South America imported 140 tonnes, a sharp increase of 115.4% year-over-year. The largest decline was recorded in 2019, with a 47.7% drop.

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

From 2017 to 2020, Denmark, the United States, and Spain were the main sources for South America's imports in kind. Denmark accounted for 62.7% of imports, the United States for 9.0%, and Spain for 5.6%, together representing 77.3% of total flows.

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

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

Imports in value, K $ US

Market performance for imports in value terms exhibited noticeable fluctuations. Imports hit their lowest in 2017 and reached a maximum in 2020, with a 2.6-fold shift. In 2020, imports amounted to 1 288 thousand US dollars, up 124.9% from 2019. The largest decline occurred in 2019, with a 26.5% decrease.

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

From 2017 to 2020, Denmark, the United States, and Spain were the primary markets for South America's imports in value terms. Denmark contributed 27.4% of imports, the United States 12.3%, and Spain 11.5%, together accounting for 51.2% of total flows.

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

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