U.S. - Anchovies (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRising Demand and Scarce Supply Lead to $13.4 per kg Preserved Anchovy Prices in America
U.S. Preserved Anchovies Imports
In January 2023, approximately 264 tons of anchovies (prepared or preserved) were imported into the United States; increasing by 47% on the previous month's figure. Over the period under review, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in June 2022 when imports increased by 56% against the previous month. Imports peaked at 420 tons in January 2022; however, from February 2022 to January 2023, imports stood at a somewhat lower figure.
In value terms, preserved anchovies imports skyrocketed to $3.5M (IndexBox estimates) in January 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 when imports increased by 85% against the previous month. Imports peaked at 3.7K tons in January 2022; however, from February 2022 to January 2023, imports failed to regain momentum.
Imports by Country
Morocco (115 tons), Italy (67 tons) and Peru (37 tons) were the main suppliers of preserved anchovies imports to the United States, together accounting for 83% of total imports.
From January 2022 to January 2023, the biggest increases were in Italy (with a CAGR of +7.1%), while purchases for the other leaders experienced a decline.
In value terms, Morocco ($1.9M) constituted the largest supplier of preserved anchovies to the United States, comprising 55% of total imports. The second position in the ranking was held by Italy ($798K), with a 23% share of total imports. It was followed by Spain, with a 10% share.
From January 2022 to January 2023, the average monthly growth rate of value from Morocco was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Italy (+6.4% per month) and Spain (+0.2% per month).
Import Prices by Country
In January 2023, the preserved anchovies price stood at $13.4 per kg (CIF, US), picking up by 6.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.6%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 25% month-to-month. The import price peaked in January 2023.
There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Japan ($33.5 per kg), while the price for South Korea ($4.1 per kg) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Japan (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Market Overview
As more and more consumers adopt the Mediterranean diet and chefs seek out new and interesting ingredients, the demand for preserved anchovies has skyrocketed. However, supply of the small, oily fish has struggled to keep up. Bycatch regulations and changing ocean conditions have led to smaller catches in traditional fishing areas, while the cost of production has also risen.
Suppliers are encouraging their customers to try different types of anchovies, such as those from different regions or in different preservation techniques, to help alleviate the strain on supply chains. However, the economic principle of supply and demand remains a fundamental force in determining anchovy prices, and it is likely that consumers will continue to face high prices for this prized ingredient in the near future.
This report provides an in-depth analysis of the preserved anchovies market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
