Peru Fish Meal HS2301 Export Data 2025 March Overview

Peru Fish Meal (HS 2301) 2025 March Export: Key Takeaways

Peru's Fish Meal Export (HS Code 2301) in March 2025 confirms China as the dominant market, absorbing 83% of volume at a stable bulk price of $1.35/kg, highlighting both reliance and standardized commodity pricing. The market remains concentrated, with China's overwhelming share underscoring high geographic risk, while secondary buyers like Japan and Denmark signal niche demand for quality feed. This analysis, covering March 2025, is based on cleanly processed Customs data from the yTrade database.

Peru Fish Meal (HS 2301) 2025 March Export Background

Peru's Fish Meal exports, classified under HS Code 2301 (Flours, meals and pellets of meat or fish; greaves), are a critical input for aquaculture and livestock feed industries, driving steady global demand. The U.S.-Peru Trade Promotion Agreement (TPA) ensures tariff-free access for these exports, boosting Peru's position as the world's 2nd-largest exporter of animal meal and pellets [Trade.gov]. In March 2025, Peru's Fish Meal shipments under HS Code 2301 remain strategically vital, capitalizing on its rich marine resources and competitive trade terms.

Peru Fish Meal (HS 2301) 2025 March Export: Trend Summary

Key Observations

Peru Fish Meal HS Code 2301 Export in March 2025 experienced a 3.5% month-over-month price decline to 1.36 USD/kg, despite a 6.0% volume increase, indicating competitive pricing pressures amid higher shipment activity.

Price and Volume Dynamics

The March unit price drop to 1.36 USD/kg contrasts with February's 1.41 USD/kg, while volume rose to 294.27M kg from 277.52M kg. This divergence suggests typical seasonal supply increases from Peru's fishing cycles, often leading to price softness as inventories build. The value growth to 401.09M USD, up from 390.09M USD, reflects sustained export demand, particularly in animal feed sectors where fish meal is a key input.

External Context and Outlook

The volume uptick aligns with reported exports to China in early March 2025 [Volza.com], supported by tariff-free access under the U.S.-Peru Trade Promotion Agreement (Trade.gov). This policy framework helps stabilize export flows, though global commodity volatility and regional demand shifts may continue influencing short-term price movements for Peru Fish Meal HS Code 2301 Export in 2025.

Peru Fish Meal (HS 2301) 2025 March Export: HS Code Breakdown

Product Specialization and Concentration

The Peru Fish Meal export under HS Code 2301 in March 2025 is overwhelmingly concentrated in sub-code 2301201100 for flours, meals and pellets of fish or aquatic invertebrates, which holds over 99% of both export value and weight at a unit price of 1.36 USD per kilogram. A much smaller sub-code, 2301209000 with the same description, commands a higher price of 2.57 USD per kilogram, hinting at grade differentiation. A separate, negligible sub-code for meat-based meals exists but is isolated from the core fish meal analysis.

Value-Chain Structure and Grade Analysis

The market splits into two fish meal categories: a bulk, commodity-grade product with high volume and low price, and a niche, possibly premium-grade product with low volume and high price. This structure points to a trade in fungible bulk commodities, where prices likely align with global indices, alongside a differentiated segment that may cater to specific quality demands. The meat meal portion remains an ancillary, distinct offering.

Strategic Implication and Pricing Power

Exporters of Peru Fish Meal face constrained pricing power in the dominant bulk segment, urging a strategic emphasis on cost leadership and scale efficiency. The premium niche allows for margin improvement through quality focus. Peru's role as a key animal meal exporter, with significant historical volumes like the $952 million in 2023 noted by [OEC World], reinforces the sector's export-driven nature and potential for targeted market expansion.

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Peru Fish Meal (HS 2301) 2025 March Export: Market Concentration

Geographic Concentration and Dominant Role

Peru's Fish Meal HS Code 2301 exports in March 2025 were heavily concentrated in China Mainland, which accounted for 82.64% of the value and 83.39% of the weight. The minimal difference between value and weight ratios indicates a stable unit price around 1.35 USD per kg, confirming Fish Meal as a standardized bulk commodity with consistent pricing across markets.

Partner Countries Clusters and Underlying Causes

The top importers form three clusters: China's dominance stems from its massive aquaculture feed demand. Japan and Denmark, with moderate shares, likely source for high-quality animal feed in advanced farming sectors. Regional players like Ecuador and Spain may import due to proximity or complementary fishing industries, while smaller shares in Vietnam and Chile suggest niche or seasonal needs.

Forward Strategy and Supply Chain Implications

Exporters should prioritize maintaining product quality to retain China's market while diversifying into emerging Asian and European markets to reduce dependency. [OEC World] notes Peru's role as a top global exporter of animal meal, underscoring opportunities to leverage trade agreements for broader access, though supply chains must remain agile to handle bulk shipping efficiently.

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Peru Fish Meal (HS 2301) 2025 March Export: Action Plan for Fish Meal Market Expansion

Strategic Supply Chain Overview

The Peru Fish Meal Export 2025 March under HS Code 2301 operates as a bulk commodity market. Price is driven by global feed demand indices and product grade differentiation. The extreme buyer and geographic concentration creates supply chain risks. Over 80% of volume goes to China. This demands efficient bulk shipping and consistent quality control. Peru acts as a key processing hub for global animal feed.

Action Plan: Data-Driven Steps for Fish Meal Market Execution

• Segment export offers by HS sub-code to target premium buyers. This captures higher margins from specialized grades like 2301209000.
• Analyze shipment frequency of top Chinese buyers to forecast demand cycles. This prevents overproduction and aligns inventory with their purchasing patterns.
• Use trade data to identify and engage secondary markets in Southeast Asia and Europe. This reduces dependency on a single dominant buyer and diversifies market risk.
• Monitor global fish meal price indices and adjust offers in real-time. This ensures competitiveness in the commodity bulk segment and protects margin.

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Frequently Asked Questions

Q1. What is driving the recent changes in Peru Fish Meal Export 2025 March?

The March 2025 price decline to 1.36 USD/kg (-3.5% MoM) reflects seasonal supply increases from Peru’s fishing cycles, while higher volumes (+6.0%) indicate sustained demand, particularly from China’s aquaculture sector.

Q2. Who are the main partner countries in this Peru Fish Meal Export 2025 March?

China dominates with 82.6% of export value, followed by Japan and Denmark, which likely source high-quality feed for advanced farming. Regional players like Ecuador and Spain hold smaller shares.

Q3. Why does the unit price differ across Peru Fish Meal Export 2025 March partner countries?

The bulk-grade sub-code (2301201100) at 1.36 USD/kg accounts for 99% of exports, while a niche sub-code (2301209000) commands 2.57 USD/kg, suggesting premium quality differentiation.

Q4. What should exporters in Peru focus on in the current Fish Meal export market?

Exporters must prioritize cost efficiency for the bulk segment (99% of volume) while targeting margin growth in the premium niche. Diversifying beyond China (82.6% share) can mitigate geographic risk.

Q5. What does this Peru Fish Meal export pattern mean for buyers in partner countries?

Buyers in China benefit from stable bulk supply at competitive prices, while niche buyers (e.g., Japan, Denmark) access premium-grade meal for specialized feed needs.

Q6. How is Fish Meal typically used in this trade flow?

Fish meal is primarily used as a protein-rich input in aquaculture and animal feed, with bulk grades serving mass markets and premium grades catering to high-quality feed demands.