U.S. - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 5, 2024

U.S. - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights

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Preserved Salmon Price in the United States - 2023

Contents:

  1. Preserved Salmon Price in the United States (FOB) - 2023
  2. Preserved Salmon Price in the United States (CIF) - 2023
  3. Preserved Salmon Exports in the United States
  4. Preserved Salmon Imports in the United States

Preserved Salmon Price in the United States (FOB) - 2023

The average preserved salmon export price stood at $7,722 per ton in August 2023, increasing by 9% against the previous month. In general, the export price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in June 2023 an increase of 9% m-o-m. The export price peaked at $8,750 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In August 2023, the countries with the highest prices were Canada ($7,792 per ton) and Australia ($7,725 per ton), while the average price for exports to Mexico ($6,513 per ton) and New Zealand ($6,730 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 the UK (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Price in the United States (CIF) - 2023

In August 2023, the average preserved salmon import price amounted to $12,893 per ton, rising by 5.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.4%. The pace of growth was the most pronounced in July 2023 when the average import price increased by 14% against the previous month. The import price peaked in August 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($30,733 per ton), while the price for China ($3,353 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 Singapore (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Preserved Salmon Exports in the United States

In 2022, preserved salmon exports from the United States totaled 21K tons, growing by 9.7% on the previous year. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. As a result, the exports reached the peak of 25K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved salmon exports rose rapidly to $173M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 23%. As a result, the exports reached the peak of $193M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Preserved Salmon in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada83.097.893.91089.2%
United Kingdom39.847.924.427.9-11.2%
Australia14.220.412.916.34.7%
Mexico5.45.46.36.03.6%
Belgium0.40.30.33.197.9%
New Zealand5.25.74.02.8-18.6%
Netherlands4.35.54.61.9-23.8%
Others5.210.39.26.36.6%
Total1581931551733.1%

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

  1. Canada (12.1K tons)
  2. United Kingdom (4.0K tons)
  3. Australia (2.4K tons)
  4. Mexico (0.6K tons)
  5. Belgium (0.6K tons)
  6. New Zealand (0.4K tons)
  7. Netherlands (0.3K tons)

Preserved Salmon Imports in the United States

In 2022, approx. 17K tons of salmon (prepared or preserved) were imported into the United States; with an increase of 17% compared with the year before. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved salmon imports soared to $151M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Preserved Salmon in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand60.257.855.973.87.0%
Canada17.518.622.924.511.9%
Chile21.519.014.120.0-2.4%
Poland1.96.28.812.687.9%
China6.87.04.55.1-9.1%
IrelandN/A0.42.23.7204.1%
Others5.04.99.611.431.6%
Total11311411815110.1%

Top Suppliers of Preserved Salmon to the United States in 2022:

  1. Thailand (10.3K tons)
  2. Canada (1.9K tons)
  3. Chile (1.7K tons)
  4. China (1.0K tons)
  5. Poland (0.9K tons)
  6. Ireland (0.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, 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:

  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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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