Canada - Frozen Atlantic Halibut - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Atlantic Halibut Price in Canada - 2023
Contents:
- Frozen Atlantic Halibut Price in Canada (FOB) - 2023
- Frozen Atlantic Halibut Price in Canada (CIF) - 2023
- Frozen Atlantic Halibut Exports in Canada
- Frozen Atlantic Halibut Imports in Canada
Frozen Atlantic Halibut Price in Canada (FOB) - 2023
The average frozen atlantic halibut export price stood at $4,868 per ton in June 2023, growing by 11% against the previous month. In general, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 25% m-o-m. As a result, the export price reached the peak level of $6,032 per ton. From October 2022 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($7,341 per ton), while the average price for exports to Denmark ($3,600 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Atlantic Halibut Price in Canada (CIF) - 2023
The average frozen atlantic halibut import price stood at $12,859 per ton in June 2023, shrinking by -1.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 138% m-o-m. Over the period under review, average import prices hit record highs at $19,709 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for Spain amounted to +12.3% per month.
Frozen Atlantic Halibut Exports in Canada
In 2022, approx. 9.8K tons of frozen atlantic halibut were exported from Canada; falling by -13.9% compared with the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 58% against the previous year. As a result, the exports reached the peak of 11K tons, and then contracted in the following year.
In value terms, frozen atlantic halibut exports contracted to $50M in 2022. In general, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 68% against the previous year. As a result, the exports attained the peak of $57M, and then contracted in the following year.
| Export of Frozen Atlantic Halibut in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.3 | 12.4 | 31.9 | 24.3 | -3.8% |
| Japan | 7.6 | 11.3 | 13.0 | 13.1 | 19.9% |
| United States | 6.9 | 4.2 | 4.8 | 7.5 | 2.8% |
| Taiwan (Chinese) | 2.2 | 3.4 | 4.7 | 3.2 | 13.3% |
| Hong Kong SAR | 0.9 | 1.7 | 0.6 | 0.5 | -17.8% |
| Others | 1.3 | 1.3 | 2.4 | 1.2 | -2.6% |
| Total | 46.2 | 34.2 | 57.4 | 49.8 | 2.5% |
Top Export Markets for Frozen Atlantic Halibut from Canada in 2022:
- China (4.8K tons)
- Japan (3.2K tons)
- United States (0.8K tons)
- Taiwan (Chinese) (0.6K tons)
- Hong Kong SAR (0.1K tons)
Frozen Atlantic Halibut Imports in Canada
In 2022, approx. 663 tons of frozen atlantic halibut were imported into Canada; with an increase of 4.9% on 2021. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, frozen atlantic halibut imports reduced slightly to $7.3M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. As a result, imports reached the peak of $7.4M, leveling off in the following year.
| Import of Frozen Atlantic Halibut in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.7 | 4.0 | 4.9 | 4.3 | -2.9% |
| Norway | N/A | 0.2 | 0.6 | 0.8 | 100.0% |
| Spain | 0.2 | 0.1 | 0.1 | 0.6 | 44.2% |
| Greenland | N/A | 0.3 | 0.1 | 0.4 | 15.5% |
| Denmark | N/A | N/A | N/A | 0.3 | 0% |
| Russia | 0.2 | N/A | 0.7 | 0.3 | 14.5% |
| Portugal | N/A | N/A | N/A | 0.1 | 0% |
| Netherlands | N/A | N/A | 0.2 | N/A | 0% |
| Others | 0.3 | 0.1 | 0.8 | 0.4 | 10.1% |
| Total | 5.4 | 4.7 | 7.4 | 7.3 | 10.6% |
Top Suppliers of Frozen Atlantic Halibut to Canada in 2022:
- United States (277.0 tons)
- Norway (95.3 tons)
- Spain (88.2 tons)
- Greenland (78.6 tons)
- Denmark (50.1 tons)
- Portugal (24.1 tons)
- Russia (24.1 tons)
This report provides an in-depth analysis of the frozen atlantic halibut market in Canada. 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 2025.
Product coverage:
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
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