Canada - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Price in Canada - 2023
Contents:
- Frozen Fish Price in Canada (CIF) - 2022
- Frozen Fish Price in Canada (FOB) - 2022
- Frozen Fish Imports in Canada
- Frozen Fish Exports in Canada
Frozen Fish Price in Canada (CIF) - 2022
The average frozen fish import price stood at $5,983 per ton in 2022, rising by 6% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $7,458 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($12,370 per ton), while the price for Faroe Islands ($1,328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Price in Canada (FOB) - 2022
The average frozen fish export price stood at $4,439 per ton in 2022, with an increase of 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($8,948 per ton), while the average price for exports to Lithuania ($1,645 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 Belarus (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Imports in Canada
In 2022, the amount of frozen fish imported into Canada soared to 158K tons, picking up by 16% on the year before. The total import volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish imports soared to $944M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 +56.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 28%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Frozen Fish in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 234 | 198 | 195 | 252 | 2.5% |
| United States | 149 | 135 | 235 | 197 | 9.8% |
| Vietnam | 61.9 | 48.3 | 56.2 | 104 | 18.9% |
| Chile | 64.8 | 64.1 | 68.0 | 99.5 | 15.4% |
| Norway | 24.2 | 25.1 | 41.4 | 77.5 | 47.4% |
| Indonesia | 11.0 | 19.7 | 19.1 | 44.4 | 59.2% |
| Iceland | 12.6 | 11.8 | 17.1 | 17.9 | 12.4% |
| Taiwan (Chinese) | 15.4 | 11.6 | 12.6 | 15.1 | -0.7% |
| Russia | 21.6 | 16.6 | 28.5 | 11.9 | -18.0% |
| Faroe Islands | 0.9 | 0.7 | 2.2 | 8.0 | 107.1% |
| Portugal | 5.7 | 5.8 | 6.1 | 6.1 | 2.3% |
| Others | 64.8 | 65.2 | 88.2 | 110 | 19.3% |
| Total | 666 | 602 | 769 | 944 | 12.3% |
Top Suppliers of Frozen Fish to Canada in 2022:
- China (41.6K tons)
- United States (28.7K tons)
- Vietnam (18.7K tons)
- Norway (17.1K tons)
- Chile (8.0K tons)
- Iceland (6.2K tons)
- Faroe Islands (6.0K tons)
- Indonesia (5.9K tons)
- Taiwan (Chinese) (3.1K tons)
- Portugal (2.2K tons)
- Russia (1.6K tons)
Frozen Fish Exports in Canada
In 2022, frozen fish exports from Canada contracted notably to 94K tons, waning by -30.5% compared with the previous year. Overall, exports saw a abrupt setback. The smallest decline of -4.5% was in 2020.
In value terms, frozen fish exports declined to $417M in 2022. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.8%. As a result, the exports reached the peak of $475M, and then dropped in the following year.
| Export of Frozen Fish in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 176 | 146 | 215 | 213 | 6.6% |
| China | 125 | 102 | 81.1 | 55.6 | -23.7% |
| Japan | 48.4 | 61.9 | 54.7 | 47.2 | -0.8% |
| Lithuania | 7.1 | 3.3 | 1.7 | 13.0 | 22.3% |
| Ukraine | 26.5 | 26.4 | 29.5 | 10.8 | -25.9% |
| United Kingdom | 8.8 | 7.2 | 8.8 | 8.4 | -1.5% |
| France | 5.0 | 6.0 | 4.8 | 8.0 | 17.0% |
| Netherlands | 4.5 | 3.0 | 3.0 | 5.3 | 5.6% |
| South Africa | 5.0 | 7.4 | 7.3 | 4.1 | -6.4% |
| Belarus | 0.4 | 6.2 | 5.6 | 3.0 | 95.7% |
| Romania | 4.7 | 3.6 | 5.5 | 2.8 | -15.9% |
| Nigeria | 5.1 | 2.2 | 1.9 | 1.2 | -38.3% |
| Others | 53.6 | 58.1 | 55.7 | 43.6 | -6.7% |
| Total | 470 | 433 | 475 | 417 | -3.9% |
Top Export Markets for Frozen Fish from Canada in 2022:
- United States (23.9K tons)
- China (17.3K tons)
- Japan (10.1K tons)
- Lithuania (7.9K tons)
- Ukraine (6.0K tons)
- South Africa (2.4K tons)
- Netherlands (2.2K tons)
- Belarus (1.7K tons)
- France (1.7K tons)
- Romania (1.5K tons)
- United Kingdom (1.4K tons)
- Nigeria (1.1K tons)
This report provides an in-depth analysis of the frozen fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
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
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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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