U.S. - Frozen Catfish Fillets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Catfish Fillet Price in the United States - 2023
Contents:
- Frozen Catfish Fillet Price in the United States (CIF) - 2023
- Frozen Catfish Fillet Price in the United States (FOB) - 2022
- Frozen Catfish Fillet Imports in the United States
- Frozen Catfish Fillet Exports in the United States
Frozen Catfish Fillet Price in the United States (CIF) - 2023
In September 2023, the average frozen catfish fillet import price amounted to $3,097 per ton, reducing by -8% against the previous month. In general, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 24% m-o-m. Over the period under review, average import prices hit record highs at $4,897 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was China ($4,018 per ton), while the price for Vietnam stood at $3,038 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-3.8%).
Frozen Catfish Fillet Price in the United States (FOB) - 2022
In 2022, the average frozen catfish fillet export price amounted to $5,624 per ton, increasing by 69% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen catfish fillet export price increased by +79.6% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turks and Caicos Islands ($8,252 per ton), while the average price for exports to Canada ($3,516 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Catfish Fillet Imports in the United States
For the fourth consecutive year, the United States recorded growth in purchases abroad of frozen catfish fillets, which increased by 19% to 136K tons in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +52.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, frozen catfish fillet imports surged to $581M in 2022. Overall, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Catfish Fillet in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 340 | 233 | 315 | 548 | 17.2% |
| China | 26.1 | 27.3 | 30.4 | 32.2 | 7.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 366 | 261 | 345 | 581 | 16.7% |
Top Suppliers of Frozen Catfish Fillet to the United States in 2022:
- Vietnam (129.7K tons)
- China (6.6K tons)
Frozen Catfish Fillet Exports in the United States
In 2022, exports of frozen catfish fillets from the United States fell to 218 tons, waning by -7% compared with the previous year. In general, exports recorded a precipitous descent.
In value terms, frozen catfish fillet exports skyrocketed to $1.2M in 2022. Over the period under review, exports saw a abrupt decline.
| Export of Frozen Catfish Fillet in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,383 | 409 | 85.7 | 400 | -33.9% |
| Turks and Caicos Islands | 256 | 67.7 | 198 | 348 | 10.8% |
| Canada | 189 | 63.1 | 92.9 | 141 | -9.3% |
| Cayman Islands | 69.0 | 43.3 | 8.3 | 109 | 16.5% |
| Saint Kitts and Nevis | 13.2 | 65.1 | 42.5 | 76.8 | 79.9% |
| Bahamas | 17.4 | 3.9 | 8.2 | 49.5 | 41.7% |
| Antigua and Barbuda | 25.0 | 2.8 | 5.3 | 30.9 | 7.3% |
| Venezuela | N/A | 64.2 | N/A | N/A | 0% |
| South Korea | N/A | 102 | N/A | N/A | 0% |
| China | N/A | N/A | 309 | N/A | 0% |
| Others | 170 | 124 | 29.6 | 69.5 | -25.8% |
| Total | 2,123 | 945 | 780 | 1,226 | -16.7% |
Top Export Markets for Frozen Catfish Fillet from the United States in 2022:
- Vietnam (90.9 tons)
- Turks and Caicos Islands (42.2 tons)
- Canada (40.2 tons)
- Cayman Islands (14.5 tons)
- Saint Kitts and Nevis (9.5 tons)
- Bahamas (6.5 tons)
- Antigua and Barbuda (4.1 tons)
This report provides an in-depth analysis of the frozen catfish fillets 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 2025.
Product coverage:
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
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