Image: Revista Puerto / FIS

Fishing Exports Increased by 10.4% in Q1

ARGENTINA
Friday, May 03, 2024, 01:00 (GMT + 9)

This increase can be largely explained by the significant increase in squid sales compared to the same period last year, something that could change starting in April due to high competition from the Malvinas and a drop in price. The hubbsi improved its numbers, but the shrimp got worse.

Fishing exports in the first quarter had an increase of 19% in volume and 10% in foreign currency, accounting for 137 thousand tons exported for a total of 515 million dollars, reveals the report carried out by CAPECA. This increase is explained by an increase in the volume of squid exported of 44% compared to the same period last year and at a better price, a situation that could change radically in April due to the lack of price for this product due to the good catches in the Malvinas. and the fall in price. The improvement in demand and price of hake fillet has also contributed. The negative numbers were contributed by the shrimp.

Source: Revista Puerto

Common hake (Merluccius Hubbsi)

Hake filets had a 19.8% higher demand than in the first quarter of 2023 and a 1.5% price increase that contributed to increasing revenue by 21.7%. The average price was $3,313 per ton. In total, 15 thousand tons were exported for 49,564 million dollars.

Brazil, which is the main market and accounts for 50% of the production, required 27% more of this product, maintaining its price stable and at average values. Spain, which with smaller volumes (2,419 tons) occupies second place, bought 30.7% more than last year, but the price fell one point and was below the average, at $3,142 per ton. With just under a thousand tons, the United States is in third place and is one of the best paying markets, at a rate of $3,489 per ton.

Source: Stockfile FIS

Hake in preparations other than filet increased demand by 37% but its price fell 5.3%, leaving the average at $1,480. In total, 8,750 tons were sold for 13 million dollars.

With a 57% increase in demand, Russia became the main market and although it paid 5.3% less than in 2023, its value remained above the average price, paying $1,601 per ton. South Africa became the second most important destination, with demand falling by 40.7%; and although the price rose 4%, it was below the average value. Algeria, Belarus and Macedonia joined the list of the five main buyers, although with volumes of less than 500 tons.

Shrimp (Pleoticus Muelleri)

Source: Stockfile FIS -->

Whole shrimp sales fell by 6.2% and the price fell by 2.3% to $5,147 per ton. At the end of the month and beginning of April, marketers managed to take off from the bottom, which will surely be reflected in next month's analysis. In total, 7,648 tons were exported for 39.36 billion dollars.

The traditional Spanish market demanded 56% more than last year and the price was one point above that of 2023; but it still remained below average. This increase in demand was overshadowed by the drop in sales in Russia, China and Italy, in the order of 29%; 21% and 72% respectively. Japan and the United States, the latter paying the best prices ($5,745 per ton) unlike last year, registered purchases in the first quarter.

<-- Source: Stockfile FIS

Shrimp tails had a drop in demand of 27% and price of 2.2%, placing a ton at $7,315. Except for Peru and the United States, all markets suffered declines in demand. In total, 19 thousand tons were exported for a total value of 140 million.

The main buyer has been China, despite demanding 28% less than in 2023 and with a price that, in addition to falling one point, was below the average, at a rate of $6,905 per ton. Peru, on the other hand, required 24% more of this product than last year but at a 3.3% lower value, standing at $6,950 per ton. Spain this year bought less than Peru, with demand falling by 28% and the price by 7.6%; Despite this, it paid better than the two main markets, although also below the average value, at a rate of 7,088 dollars per ton. The best price, by far, is paid by the United States for the type of product it requires: it paid $11,158 per ton and the good news is that demand increased by 23.5% compared to the same period last year.

Squid (Illex Argentinus)

The jigging companies ended the third quarter with positive numbers. In volume, 44% more were exported than in 2023 and the price increased by 18.4%, selling a total of 75,578 tons for 188.334 million dollars, with an average price of 2,492 dollars per ton.

Source: Stockfile FIS

The year started very well, with China buying 122.7% more than in 2023, representing almost a third of the total exported and at a price of $2,436 per ton. This value represents an increase of 16.7% compared to the previous year, but still remained below the average price. With more than 15 thousand tons, South Korea was the second most important market, although demand fell 3.6% compared to the same period last year and despite the fact that the price increased at the same levels as for China, it paid 100 dollars less per ton than them. Singapore is the next most important market, which went from purchasing just over 2 thousand tons in 2023 to 13,528 this year, generating an increase in demand of 416%; but it paid the lowest price on the market, shelling out $2,298 per ton. The best price was paid by Spain, at a rate of 3,531 dollars per ton, having an increase of 19% in value, accompanied by a growth in demand of 134.7%.

Patagonian toothfish (Dissostichus eleginoides) and King Crab (Lithodes santolla)  

Source: Stockfile FIS

Patagonian toothfish sales this year are more diversified. Of the 699 tons exported at an average value of $25,258 per ton, 354 tons went to the United States, which paid above the average price; 189 tons to the Chinese market, which paid below average. The rest went to unidentified markets that also paid above the average value.

In the case of crab, the Chinese market has also been incorporated, which surpassed the United States in demand although paying almost 300 dollars less per ton. In total, 958 tons were exported for a total value of 19,407 million dollars. 319 tons were exported to the United States at a value of $20,448 per ton and 639 tons to China at $20,172 per ton.

Author: Karina Fernández | Revista Puerto (Translated from the original in Spanish)

editorial@seafood.media
www.seafood.media

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