U.S. - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in the United States - 2023
Contents:
- Frozen Fish Fillet Price in the United States (CIF) - 2023
- Frozen Fish Fillet Price in the United States (FOB) - 2023
- Frozen Fish Fillet Imports in the United States
- Frozen Fish Fillet Exports in the United States
Frozen Fish Fillet Price in the United States (CIF) - 2023
In August 2023, the average frozen fish fillet import price amounted to $8,246 per ton, which is down by -3.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 9% against the previous month. The import price peaked at $9,679 per ton in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($18,703 per ton), while the price for Argentina ($4,592 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Iceland (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Price in the United States (FOB) - 2023
The average frozen fish fillet export price stood at $4,188 per ton in August 2023, approximately reflecting the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 12% m-o-m. As a result, the export price attained the peak level of $5,325 per ton. From February 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the UK ($5,397 per ton), while the average price for exports to Japan ($2,817 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Fillet Imports in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of frozen fish fillet, which increased by 14% to 641K tons in 2022. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish fillet imports skyrocketed to $5.3B in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +60.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish Fillet in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,181 | 1,082 | 979 | 1,240 | 1.6% |
| Vietnam | 571 | 399 | 528 | 947 | 18.4% |
| Chile | 514 | 498 | 612 | 888 | 20.0% |
| Indonesia | 301 | 263 | 275 | 411 | 10.9% |
| Norway | 249 | 257 | 306 | 369 | 14.0% |
| Peru | 40.3 | 60.1 | 94.2 | 140 | 51.5% |
| Iceland | 82.7 | 83.0 | 97.4 | 132 | 16.9% |
| Ecuador | 47.4 | 55.5 | 80.0 | 113 | 33.6% |
| Argentina | 37.4 | 26.1 | 33.1 | 39.0 | 1.4% |
| Others | 640 | 587 | 771 | 1,041 | 17.6% |
| Total | 3,663 | 3,309 | 3,776 | 5,322 | 13.3% |
Top Suppliers of Frozen Fish Fillet to the United States in 2022:
- China (226.2K tons)
- Vietnam (165.5K tons)
- Chile (65.6K tons)
- Indonesia (37.0K tons)
- Norway (23.3K tons)
- Iceland (12.6K tons)
- Peru (11.4K tons)
- Ecuador (9.7K tons)
- Argentina (8.9K tons)
Frozen Fish Fillet Exports in the United States
For the third year in a row, the United States recorded decline in overseas shipments of frozen fish fillet, which decreased by -7.2% to 121K tons in 2022. Overall, exports showed a drastic downturn. The smallest decline of -7.1% was in 2021.
In value terms, frozen fish fillet exports rose notably to $511M in 2022. Over the period under review, exports showed a abrupt decline.
| Export of Frozen Fish Fillet in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 267 | 213 | 176 | 229 | -5.0% |
| Canada | 50.2 | 51.4 | 100 | 69.5 | 11.5% |
| Germany | 110 | 71.0 | 67.9 | 38.9 | -29.3% |
| United Kingdom | 17.4 | 20.9 | 16.3 | 17.3 | -0.2% |
| China | 23.5 | 18.2 | 12.2 | 16.4 | -11.3% |
| Spain | 13.8 | 14.5 | 15.5 | 15.0 | 2.8% |
| Italy | 13.5 | 17.8 | 13.2 | 13.9 | 1.0% |
| France | 17.8 | 13.1 | 9.7 | 12.6 | -10.9% |
| Australia | 12.5 | 13.4 | 9.4 | 9.9 | -7.5% |
| South Korea | 9.9 | 8.9 | 3.4 | 8.2 | -6.1% |
| Japan | 9.3 | 8.1 | 7.4 | 6.3 | -12.2% |
| Others | 63.7 | 49.1 | 53.4 | 73.9 | 5.1% |
| Total | 609 | 499 | 485 | 511 | -5.7% |
Top Export Markets for Frozen Fish Fillet from the United States in 2022:
- Netherlands (56.2K tons)
- Canada (12.5K tons)
- Germany (11.9K tons)
- China (4.6K tons)
- United Kingdom (3.9K tons)
- Spain (3.9K tons)
- Italy (3.2K tons)
- France (2.9K tons)
- Australia (2.5K tons)
- South Korea (2.5K tons)
- Japan (2.3K tons)
This report provides an in-depth analysis of the frozen fish fillet 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 2030.
Product coverage:
- Prodcom 10201400 - Frozen fish fillets
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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In value terms, frozen fish fillet imports fell to $344M in April 2023.
1202
In October 2022, the fresh fish fillet price amounted to $11.7 per kg (CIF, US), falling by -6.4% against the previous month.
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In value terms, prepared and preserved fish imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indi...
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In November 2022, the frozen fish meat price amounted to $3,374 per ton (FOB, US), stabilizing at the previous month.
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American frozen fish meat exports dropped from $602M in 2019 to $518M in 2020 amid the declining demand from Japan and South Korea. In physical terms, exports shrank by -9.5% y-o-y to 198K tons. South Korea, Japan and France constitute the leading importers, accounting for 65% of American frozen fish meat exports. The average export price for frozen fish meat from the U.S. decreased by -4.8% y-o-y to $2,623 per ton in 2020.
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In value terms, frozen fish fillet imports fell to $344M in April 2023.
1202
In October 2022, the fresh fish fillet price amounted to $11.7 per kg (CIF, US), falling by -6.4% against the previous month.
