Canada - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in Canada - 2023
Contents:
- Frozen Fish Fillet Price in Canada (CIF) - 2023
- Frozen Fish Fillet Price in Canada (FOB) - 2023
- Frozen Fish Fillet Imports in Canada
- Frozen Fish Fillet Exports in Canada
Frozen Fish Fillet Price in Canada (CIF) - 2023
In June 2023, the average frozen fish fillet import price amounted to $7,715 per ton, waning by -6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average import price increased by 19% month-to-month. Over the period under review, average import prices hit record highs at $8,487 per ton in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($14,914 per ton), while the price for Vietnam ($3,339 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Norway (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Price in Canada (FOB) - 2023
In June 2023, the average frozen fish fillet export price amounted to $14,266 per ton, approximately equating the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 12% m-o-m. Over the period under review, the average export prices hit record highs at $15,880 per ton in July 2022; however, from August 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($14,649 per ton), while the average price for exports to France ($6,572 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 Poland (+21.2%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Fish Fillet Imports in Canada
In 2022, the amount of frozen fish fillet imported into Canada expanded notably to 61K tons, increasing by 10% compared with 2021 figures. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, frozen fish fillet imports skyrocketed to $468M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +59.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Frozen Fish Fillet in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 137 | 119 | 120 | 151 | 3.3% |
| Chile | 55.4 | 58.0 | 61.8 | 85.0 | 15.3% |
| Vietnam | 39.7 | 26.7 | 28.4 | 58.4 | 13.7% |
| Norway | 17.0 | 15.3 | 29.7 | 45.5 | 38.8% |
| United States | 34.1 | 35.0 | 78.2 | 45.3 | 9.9% |
| Indonesia | 5.8 | 7.6 | 7.7 | 20.1 | 51.3% |
| Others | 38.5 | 32.9 | 51.0 | 62.7 | 17.7% |
| Total | 327 | 294 | 376 | 468 | 12.7% |
Top Suppliers of Frozen Fish Fillet to Canada in 2022:
- China (22.9K tons)
- Vietnam (12.7K tons)
- Chile (6.2K tons)
- Norway (5.7K tons)
- United States (4.3K tons)
- Indonesia (2.8K tons)
Frozen Fish Fillet Exports in Canada
Frozen fish fillet exports from Canada dropped to 13K tons in 2022, which is down by -5.2% on the previous year. Over the period under review, exports recorded a abrupt decline.
In value terms, frozen fish fillet exports totaled $167M in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Frozen Fish Fillet in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 120 | 95.5 | 142 | 156 | 9.1% |
| China | 13.5 | 12.1 | 6.0 | 7.0 | -19.7% |
| Indonesia | N/A | 0.1 | 0.1 | 0.8 | 182.8% |
| Spain | 0.6 | 0.7 | N/A | 0.3 | -20.6% |
| Japan | 3.4 | 10.5 | 0.4 | N/A | -65.7% |
| Others | 6.2 | 6.0 | 3.1 | 3.4 | -18.1% |
| Total | 144 | 125 | 152 | 167 | 5.1% |
Top Export Markets for Frozen Fish Fillet from Canada in 2022:
- Japan (undefinedK tons)
- United States (10.5K tons)
- China (1.2K tons)
- Indonesia (0.5K tons)
- Spain (0.1K tons)
This report provides an in-depth analysis of the frozen fish fillet 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 2030.
Product coverage:
- Prodcom 10201400 - Frozen fish fillets
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
-
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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