Chile – Higher prices soften blow on sharp decline in exports

Exports of fishery and aquaculture products from Chile were valued at USD 1755.2 million during the first six months of 2010. This represents a decrease of 13.2 per cent over the same period in 2009, when a total of USD 2.021 million was sent abroad.

The volume of exports between January and June 2010 also declined, experiencing a drop of 36.6 per cent, going from 832,500 tonnes in 2009 to 528,100 tonnes this year, according to the Secretariat of Fisheries (Subpesca).

The decline was mainly due to fewer shipments of fishmeal and frozen products, which fell by 48 per cent and 29.2 per cent respectively, according to the latest Report on the Fisheries and Aquaculture Sector by Subpesca.

However, sales of frozen food and fishmeal were still the most voluminous, representing 37.4 per cent and 37.2 per cent of the total respectively. Then came chilled products, dried seaweed, fishoil and canned fish.

The average price of fishery products exported between January and June was USD 3.30 per kilogram, 36.9 per cent higher than the same period in 2009.

According to statistics from Subpesca, the main exported product was rainbow trout, which accounted for 23.9 per cent of the total sales abroad. It was followed by Atlantic salmon and the pelagic fish group without thorns.

Chilean products were destined for 109 countries, of which the nine major ones accounted for 80.4 per cent of the total export value. The largest importers were Japan, the USA and China.

With regards to the extractive sector, the aggregate value of fish exports (312,000 tonnes) was USD 625 million between January and June 2010, which reflects a negative variance of 15.9 per cent over the same period last year.

In the first half of this year, 196,600 tonnes of fishmeal was sold abroad for USD 336.6 million, while a year earlier, 378,240 tonnes was exported for USD 354.8 million.

The main recipients of this product were China, Japan, Spain, Canada and South Korea.

Of the total fishmeal exported, 48.1 per cent were of prime quality, 39 per cent of super prime and 9.6 per cent were of a standard quality.

Foreign sales of frozen foods amounted to USD 145.4 million, which represented a decrease of 36 per cent over the same period in 2009.

These products were mainly shipped to the US, Spain and Peru, with shares in value of 24.9 per cent, 16.9 per cent and 11.4 per cent respectively.

Sales of canned fish during the first six months of 2010 totaled USD 56 million, 13.6 per cent less than a year earlier.

The main markets were Sri Lanka, Spain and the United States, with shares of 27.4 per cent, 19.8 per cent and 7.3 per cent respectively.

Aquaculture exports accounted for 64.4 per cent of the total value of foreign sales and 40.9 per cent of the total volume exported during the first half of this year, with USD 1130.1 million and around 216,000 tonnes. These figures represent a decline of 11.6 per cent in value and 27.6 per cent in volume compared with the same period in 2009.

Source: fis

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