Canada - Frozen Catfish Fillets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Catfish Fillet Price in Canada - 2023
Contents:
- Frozen Catfish Fillet Price in Canada (CIF) - 2023
- Frozen Catfish Fillet Price in Canada (FOB) - 2022
- Frozen Catfish Fillet Imports in Canada
- Frozen Catfish Fillet Exports in Canada
Frozen Catfish Fillet Price in Canada (CIF) - 2023
In September 2023, the average frozen catfish fillet import price amounted to $2,721 per ton, which is down by -3.6% against the previous month. In general, the import price continues to indicate a noticeable slump. The pace of growth was the most pronounced in November 2022 when the average import price increased by 6.3% month-to-month. As a result, import price attained the peak level of $4,155 per ton. From December 2022 to September 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Vietnam ($2,724 per ton), while the price for China totaled $2,628 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-2.5%).
Frozen Catfish Fillet Price in Canada (FOB) - 2022
In 2022, the average frozen catfish fillet export price amounted to $3,161 per ton, picking up by 3.1% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. Over the period under review, the average export prices reached the maximum at $4,995 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to -1.8% per year.
Frozen Catfish Fillet Imports in Canada
Frozen catfish fillet imports into Canada soared to 9.6K tons in 2022, increasing by 46% on the year before. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.3% 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 +48.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen catfish fillet imports skyrocketed to $35M in 2022. In general, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Catfish Fillet in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 25.2 | 17.6 | 6.7 | 34.3 | 10.8% |
| Others | 0.4 | 0.4 | 11.5 | 0.7 | 20.5% |
| Total | 25.6 | 18.0 | 18.2 | 35.0 | 11.0% |
Top Suppliers of Frozen Catfish Fillet to Canada in 2022:
- Vietnam (9.4K tons)
Frozen Catfish Fillet Exports in Canada
In 2022, approx. 35 tons of frozen catfish fillets were exported from Canada; jumping by 20% compared with the year before. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.0% 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 +81.5% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 25%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, frozen catfish fillet exports surged to $110K in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Frozen Catfish Fillet in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 19.2 | 36.7 | 52.6 | 110 | 78.9% |
| Colombia | 15.7 | 18.2 | 22.6 | N/A | 20.0% |
| United States | 8.5 | 9.6 | 8.8 | N/A | 1.7% |
| Others | 4.1 | 3.2 | 4.9 | N/A | 9.3% |
| Total | 47.7 | 67.6 | 88.9 | 110 | 32.1% |
Top Export Markets for Frozen Catfish Fillet from Canada in 2022:
- Vietnam (34.8 tons)
This report provides an in-depth analysis of the frozen catfish fillets 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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