Live Fish Price in Canada - 2023
Contents:
- Live Fish Price in Canada (FOB) - 2022
- Live Fish Price in Canada (CIF) - 2023
- Live Fish Exports in Canada
- Live Fish Imports in Canada
Live Fish Price in Canada (FOB) - 2022
In 2022, the average live fish export price amounted to $109,464 per ton, falling by -17.1% against the previous year. Over the period under review, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 85% against the previous year. As a result, the export price attained the peak level of $132,073 per ton, and then dropped notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($225,999 per ton), while the average price for exports to Japan ($2,786 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 China (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Live Fish Price in Canada (CIF) - 2023
In June 2023, the average live fish import price amounted to $13,059 per ton, dropping by -8.2% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2022 an increase of 2,256% m-o-m. As a result, import price attained the peak level of $319K per ton. From August 2022 to June 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($10,453 per ton), while the price for Bangladesh stood at $9,257 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.6%).
Live Fish Exports in Canada
In 2022, after two years of decline, there was significant growth in overseas shipments of live fish, when their volume increased by 39% to 582 tons. Overall, exports, however, recorded a dramatic decline.
In value terms, live fish exports soared to $64M in 2022. In general, exports, however, faced a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 25%.
| Export of Live Fish in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 103 | 36.4 | 51.4 | 57.9 | -17.5% |
| China | 6.1 | N/A | 0.1 | 2.3 | -27.8% |
| United States | 0.7 | 0.8 | 1.4 | 1.5 | 28.9% |
| Spain | 0.8 | N/A | 0.4 | 0.9 | 4.0% |
| Belgium | 5.9 | 3.8 | 0.6 | 0.6 | -53.3% |
| Vietnam | 5.0 | 2.9 | N/A | 0.2 | -65.8% |
| United Kingdom | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Japan | 3.0 | 0.3 | N/A | N/A | -90.0% |
| Others | 2.2 | 0.1 | 1.2 | 0.2 | -55.0% |
| Total | 127 | 44.3 | 55.2 | 63.7 | -20.5% |
Top Export Markets for Live Fish from Canada in 2022:
- Hong Kong SAR (256.1 tons)
- China (116.2 tons)
- United States (99.7 tons)
- Belgium (39.5 tons)
- United Kingdom (31.5 tons)
- Spain (15.9 tons)
- Vietnam (11.8 tons)
- Japan (1.1 tons)
Live Fish Imports in Canada
In 2022, approx. 677 tons of live fish were imported into Canada; increasing by 11% compared with the previous year's figure. Over the period under review, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.7% 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 +55.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, live fish imports stood at $49M in 2022. In general, imports, however, saw a precipitous decrease.
| Import of Live Fish in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.6 | 15.2 | 16.3 | 25.8 | 13.6% |
| Haiti | 55.8 | 14.6 | 10.0 | 7.1 | -49.7% |
| Cuba | 9.2 | 3.1 | 9.2 | 6.4 | -11.4% |
| Dominican Republic | 14.0 | 8.4 | 3.1 | 2.5 | -43.7% |
| Singapore | 1.3 | 1.2 | 1.7 | 1.6 | 7.2% |
| Bangladesh | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
| Others | 6.3 | 4.5 | 5.1 | 5.4 | -5.0% |
| Total | 104 | 47.1 | 45.8 | 49.1 | -22.1% |
Top Suppliers of Live Fish to Canada in 2022:
- United States (294.6 tons)
- Haiti (164.5 tons)
- Cuba (70.0 tons)
- Dominican Republic (56.7 tons)
- Singapore (17.3 tons)
- Bangladesh (12.8 tons)
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