U.S. - Frozen Catfish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Catfish Price in the United States - 2023
Contents:
- Frozen Catfish Price in the United States (CIF) - 2023
- Frozen Catfish Price in the United States (FOB) - 2022
- Frozen Catfish Imports in the United States
- Frozen Catfish Exports in the United States
Frozen Catfish Price in the United States (CIF) - 2023
The average frozen catfish import price stood at $2,648 per ton in September 2023, surging by 9.3% against the previous month. Overall, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in February 2023 an increase of 23% against the previous month. The import price peaked at $3,731 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($5,888 per ton), while the price for China ($2,037 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.
Frozen Catfish Price in the United States (FOB) - 2022
The average frozen catfish export price stood at $3,641 per ton in 2022, picking up by 8.1% against the previous year. In general, the export price, however, recorded a slight curtailment. The growth pace was the most rapid in 2021 an increase of 54% against the previous year. The export price peaked at $4,105 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Bahamas ($8,852 per ton), while the average price for exports to Equatorial Guinea ($2,205 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 Mexico (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Catfish Imports in the United States
In 2022, frozen catfish imports into the United States surged to 2.9K tons, increasing by 50% compared with the previous year's figure. In general, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 185%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, frozen catfish imports surged to $11M in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 179% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Frozen Catfish in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.0 | 5.1 | 4.8 | 9.0 | 65.1% |
| China | 0.1 | 0.2 | 0.8 | 1.5 | 146.6% |
| Others | N/A | 0.5 | 0.1 | 0.1 | -55.3% |
| Total | 2.1 | 5.8 | 5.7 | 10.7 | 72.1% |
Top Suppliers of Frozen Catfish to the United States in 2022:
- Vietnam (2089.9 tons)
- China (756.8 tons)
Frozen Catfish Exports in the United States
In 2022, shipments abroad of frozen catfish increased by 152% to 330 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a temperate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen catfish exports surged to $1.2M in 2022. Overall, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Catfish in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 346 | 333 | 148 | 634 | 22.4% |
| Equatorial Guinea | N/A | N/A | N/A | 198 | 0% |
| Costa Rica | N/A | 7.2 | 29.8 | 98.5 | 269.9% |
| Turks and Caicos Islands | 57.2 | 13.7 | 55.4 | 74.9 | 9.4% |
| Saint Maarten (Dutch part) | N/A | 13.2 | 5.7 | 45.6 | 85.9% |
| Aruba | 121 | 14.1 | 9.9 | 34.1 | -34.4% |
| Cayman Islands | 5.8 | N/A | N/A | 19.2 | 49.0% |
| Colombia | 82.5 | N/A | N/A | N/A | 0% |
| Vietnam | 16.9 | 24.0 | 121 | N/A | 167.6% |
| Australia | N/A | 27.0 | N/A | N/A | 0% |
| Others | 157 | 40.0 | 70.6 | 98.8 | -14.3% |
| Total | 785 | 472 | 441 | 1,203 | 15.3% |
Top Export Markets for Frozen Catfish from the United States in 2022:
- Mexico (175.5 tons)
- Equatorial Guinea (89.6 tons)
- Costa Rica (19.8 tons)
- Turks and Caicos Islands (9.6 tons)
- Aruba (7.1 tons)
- Cayman Islands (6.6 tons)
- Saint Maarten (Dutch part) (6.0 tons)
This report provides an in-depth analysis of the frozen catfish 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
-
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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