U.S. - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in the United States - 2023
Contents:
- Preserved Herring Price in the United States (CIF) - 2023
- Preserved Herring Price in the United States (FOB) - 2022
- Preserved Herring Imports in the United States
- Preserved Herring Exports in the United States
Preserved Herring Price in the United States (CIF) - 2023
In July 2023, the average preserved herring import price amounted to $3,729 per ton, standing approximately at the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 8.7% against the previous month. The import price peaked in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,602 per ton), while the price for Belarus ($2,482 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Herring Price in the United States (FOB) - 2022
The average preserved herring export price stood at $3,512 per ton in 2022, approximately equating the previous year. Overall, the export price, however, saw a slight increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $6,126 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($7,258 per ton), while the average price for exports to Costa Rica ($2,199 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 Haiti (+53.9%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Herring Imports in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of herrings (prepared or preserved), which increased by 1.5% to 12K tons in 2022. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, preserved herring imports rose rapidly to $40M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports reached the peak of $40M; afterwards, it flattened through to 2022.
| Import of Preserved Herring in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 20.8 | 22.9 | 22.2 | 25.3 | 6.7% |
| Germany | 6.6 | 9.0 | 7.1 | 6.7 | 0.5% |
| Poland | 1.5 | 1.7 | 2.3 | 2.4 | 17.0% |
| Belarus | 1.5 | 1.5 | 1.3 | 1.8 | 6.3% |
| Latvia | 0.4 | 2.2 | 2.6 | 1.6 | 58.7% |
| Lithuania | 1.0 | 1.1 | 0.8 | 1.2 | 6.3% |
| Others | 1.9 | 2.0 | 1.9 | 1.4 | -9.7% |
| Total | 33.6 | 40.4 | 38.2 | 40.4 | 6.3% |
Top Suppliers of Preserved Herring to the United States in 2022:
- Canada (8.5K tons)
- Germany (1.2K tons)
- Belarus (0.7K tons)
- Poland (0.5K tons)
- Lithuania (0.3K tons)
- Latvia (0.3K tons)
Preserved Herring Exports in the United States
For the fourth consecutive year, the United States recorded growth in shipments abroad of herrings (prepared or preserved), which increased by 25% to 426 tons in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 264%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, preserved herring exports skyrocketed to $1.5M in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 243% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Preserved Herring in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | N/A | 45.3 | 356 | 440 | 211.7% |
| Brazil | N/A | 98.2 | 276 | 234 | 54.4% |
| Costa Rica | 3.0 | N/A | N/A | 173 | 286.3% |
| Guatemala | N/A | N/A | 105 | 150 | 42.9% |
| Haiti | N/A | N/A | 13.8 | 116 | 740.6% |
| Trinidad and Tobago | N/A | N/A | 102 | 97.5 | -4.4% |
| Mexico | 184 | 175 | 118 | 95.4 | -19.7% |
| Bahamas | N/A | 20.4 | N/A | 52.9 | 61.0% |
| Philippines | N/A | N/A | N/A | 50.8 | 0% |
| Honduras | N/A | N/A | 110 | 3.0 | -97.3% |
| Chile | N/A | N/A | 87.9 | N/A | 0% |
| Others | 38.1 | 11.3 | 32.5 | 82.3 | 29.3% |
| Total | 225 | 351 | 1,201 | 1,495 | 88.0% |
Top Export Markets for Preserved Herring from the United States in 2022:
- Dominican Republic (131.0 tons)
- Brazil (78.7 tons)
- Costa Rica (78.7 tons)
- Guatemala (35.9 tons)
- Haiti (24.4 tons)
- Trinidad and Tobago (23.3 tons)
- Mexico (13.1 tons)
- Bahamas (9.9 tons)
- Philippines (9.5 tons)
- Honduras (0.6 tons)
This report provides an in-depth analysis of the preserved herring 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 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
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
545
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