Report Update: Dec 1, 2023

U.S. - Fish Fillets (Dried, Salted Or In Brine, But Not Smoked) - Market Analysis, Forecast, Size, Trends And Insights

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Preserved Fish Fillet Price in the United States - 2023

Name: Preserved Fish Fillet Price in the United States - 2023
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Preserved Fish Fillet Price the United States, IndexBox, market research, global market, publisher

Preserved Fish Fillet Price in the United States (CIF) - 2023

In August 2023, the average preserved fish fillet import price amounted to $4,318 per ton, declining by -38.2% against the previous month. Over the period under review, the import price showed a perceptible reduction. The pace of growth was the most pronounced in July 2023 when the average import price increased by 166% month-to-month. Over the period under review, average import prices reached the peak figure at $7,836 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($12,283 per ton), while the price for South Korea ($1,791 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 Turkey (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Preserved Fish Fillet Price in the United States (FOB) - 2022

The average preserved fish fillet export price stood at $6,185 per ton in 2022, increasing by 75% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $6,223 per ton in 2016; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($9,172 per ton), while the average price for exports to China ($3,754 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 Peru (+80.2%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Fish Fillet Imports in the United States

In 2022, preserved fish fillet imports into the United States skyrocketed to 17K tons, picking up by 38% against the previous year. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some 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, preserved fish fillet imports soared to $92M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, 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.

Import of Preserved Fish Fillet in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	45.5	46.9	34.6	61.7	10.7%
Canada	9.1	10.1	10.4	14.6	17.1%
Norway	3.8	4.7	5.2	5.5	13.1%
Philippines	0.2	0.3	0.5	1.0	71.0%
South Korea	0.6	0.8	1.2	0.8	10.1%
Others	6.3	6.0	9.2	8.5	10.5%
Total	65.4	68.8	61.2	92.1	12.1%

Top Suppliers of Preserved Fish Fillet to the United States in 2022:

China (13.4K tons)
Canada (1.3K tons)
South Korea (0.5K tons)
Philippines (0.3K tons)
Norway (0.3K tons)

Preserved Fish Fillet Exports in the United States

In 2022, the amount of fish fillets (dried, salted or in brine, but not smoked) exported from the United States reached 207 tons, rising by 4.9% on the year before. Over the period under review, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 250%.

In value terms, preserved fish fillet exports soared to $1.3M in 2022. In general, exports saw a slight expansion. The pace of growth was the most pronounced in 2021 when exports increased by 106% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Export of Preserved Fish Fillet in the United States (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	270	39.6	623	621	32.0%
Vietnam	N/A	N/A	N/A	192	0%
China	63.9	N/A	N/A	182	41.8%
Mexico	47.1	8.4	6.0	64.5	11.0%
Aruba	70.7	11.2	22.9	60.5	-5.1%
Antigua and Barbuda	N/A	N/A	N/A	43.0	0%
Jamaica	25.7	3.9	N/A	20.3	-7.6%
Bermuda	10.3	N/A	N/A	19.9	24.5%
India	246	N/A	N/A	N/A	0%
Portugal	369	N/A	N/A	N/A	0%
Peru	64.4	5.6	N/A	N/A	-91.3%
Others	73.6	269	44.2	75.6	0.9%
Total	1,241	338	696	1,278	1.0%

Top Export Markets for Preserved Fish Fillet from the United States in 2022:

Canada (98.3 tons)
China (48.4 tons)
Vietnam (22.8 tons)
Aruba (6.6 tons)
Bermuda (5.3 tons)
Antigua and Barbuda (5.0 tons)
Jamaica (4.9 tons)
Mexico (4.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the preserved 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 10202100 - Fish fillets, dried, salted or in brine, but not smoked

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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption In 2012-2022
5. Imports, In Physical Terms, By Country, 2012–2022
6. Imports, In Value Terms, By Country, 2012–2022
7. Import Prices, By Country Of Origin, 2012–2022
8. Exports, In Physical Terms, By Country, 2012–2022
9. Exports, In Value Terms, By Country, 2012–2022
10. Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
5. Trade Balance, In Physical Terms, 2012-2022
6. Trade Balance, In Value Terms, 2012-2022
7. Per Capita Consumption, 2012-2022
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2022
22. Production, In Value Terms, 2012–2022
23. Imports, In Physical Terms, 2012–2022
24. Imports, In Value Terms, 2012–2022
25. Imports, In Physical Terms, By Country, 2022
26. Imports, In Physical Terms, By Country, 2012–2022
27. Imports, In Value Terms, By Country, 2012–2022
28. Import Prices, By Country Of Origin, 2012–2022
29. Exports, In Physical Terms, 2012–2022
30. Exports, In Value Terms, 2012–2022
31. Exports, In Physical Terms, By Country, 2022
32. Exports, In Physical Terms, By Country, 2012–2022
33. Exports, In Value Terms, By Country, 2012–2022
34. Export Prices, By Country Of Destination, 2012–2022