U.S. - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in the United States - 2023
Contents:
- Frozen Fish Meat Price in the United States (FOB) - 2023
- Frozen Fish Meat Price in the United States (CIF) - 2023
- Frozen Fish Meat Exports in the United States
- Frozen Fish Meat Imports in the United States
Frozen Fish Meat Price in the United States (FOB) - 2023
In August 2023, the average frozen fish meat export price amounted to $2,463 per ton, reducing by -2.3% against the previous month. Over the period under review, the export price showed a perceptible slump. The pace of growth appeared the most rapid in May 2023 an increase of 9.6% month-to-month. The export price peaked at $3,374 per ton in November 2022; however, from December 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In August 2023, the highest price was recorded for prices to Canada ($3,218 per ton) and France ($2,614 per ton), while the average price for exports to Japan ($2,342 per ton) and South Korea ($2,440 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.1%), while the prices for the other major destinations experienced a decline.
Frozen Fish Meat Price in the United States (CIF) - 2023
In August 2023, the average frozen fish meat import price amounted to $7,802 per ton, approximately equating the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 69% month-to-month. Over the period under review, average import prices reached the peak figure at $9,088 per ton in September 2022; however, from October 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($18,045 per ton), while the price for China ($1,461 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 Chile (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Exports in the United States
Frozen fish meat exports from the United States contracted to 186K tons in 2022, with a decrease of -13.2% on 2021. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 8.4% against the previous year.
In value terms, frozen fish meat exports reached $574M in 2022. In general, exports continue to indicate a slight slump. The growth pace was the most rapid in 2021 when exports increased by 11%.
| Export of Frozen Fish Meat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 190 | 162 | 191 | 197 | 1.2% |
| Japan | 202 | 128 | 152 | 146 | -10.3% |
| Canada | 31.4 | 28.0 | 33.6 | 40.6 | 8.9% |
| France | 38.6 | 45.2 | 43.9 | 39.0 | 0.3% |
| Lithuania | 35.2 | 34.0 | 20.1 | 37.4 | 2.0% |
| Spain | 32.4 | 34.2 | 25.1 | 30.8 | -1.7% |
| Netherlands | 22.2 | 32.3 | 55.4 | 29.2 | 9.6% |
| Others | 49.9 | 54.8 | 53.1 | 54.4 | 2.9% |
| Total | 602 | 518 | 574 | 574 | -1.6% |
Top Export Markets for Frozen Fish Meat from the United States in 2022:
- South Korea (58.3K tons)
- Japan (52.4K tons)
- France (14.0K tons)
- Canada (12.6K tons)
- Lithuania (10.9K tons)
- Netherlands (8.9K tons)
- Spain (8.8K tons)
Frozen Fish Meat Imports in the United States
In 2022, approx. 14K tons of frozen fish meat were imported into the United States; rising by 3.2% compared with 2021 figures. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% 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 +75.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70% 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 fish meat imports soared to $103M in 2022. In general, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish Meat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 10.9 | 5.9 | 12.7 | 25.5 | 32.8% |
| Indonesia | 18.1 | 13.5 | 18.4 | 22.8 | 8.0% |
| Japan | 0.5 | 3.1 | 8.1 | 22.7 | 256.7% |
| Russia | 2.4 | 0.4 | 9.2 | 5.2 | 29.4% |
| Thailand | 5.0 | 1.4 | 3.1 | 3.9 | -7.9% |
| Philippines | 5.5 | 3.0 | 2.2 | 3.3 | -15.7% |
| China | 2.3 | 2.1 | 2.7 | 3.3 | 12.8% |
| India | 1.0 | 1.1 | 1.8 | 1.7 | 19.3% |
| Canada | 1.3 | 1.4 | 1.3 | 1.2 | -2.6% |
| Taiwan (Chinese) | 0.1 | 0.8 | 0.6 | 0.9 | 108.0% |
| Chile | 3.4 | 0.7 | 4.1 | 0.7 | -41.0% |
| Ecuador | 1.9 | 0.6 | 0.3 | 0.1 | -62.5% |
| Others | 11.4 | 17.1 | 6.5 | 12.1 | 2.0% |
| Total | 63.9 | 51.2 | 70.9 | 103 | 17.2% |
Top Suppliers of Frozen Fish Meat to the United States in 2022:
- Ecuador (undefinedK tons)
- Vietnam (3.0K tons)
- Indonesia (2.5K tons)
- Russia (2.1K tons)
- Japan (1.7K tons)
- China (1.3K tons)
- Philippines (0.5K tons)
- India (0.5K tons)
- Thailand (0.4K tons)
- Canada (0.3K tons)
- Taiwan (Chinese) (0.2K tons)
- Chile (0.1K tons)
This report provides an in-depth analysis of the frozen fish meat 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 10201500 - Frozen fish meat without bones (excluding 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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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.
