Canada - Tuna (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Tuna Price in Canada - 2023
Contents:
- Preserved Tuna Price in Canada (CIF) - 2023
- Preserved Tuna Price in Canada (FOB) - 2022
- Preserved Tuna Imports in Canada
- Preserved Tuna Exports in Canada
Preserved Tuna Price in Canada (CIF) - 2023
The average preserved tuna import price stood at $6,393 per ton in June 2023, with an increase of 6.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 11% against the previous month. Over the period under review, average import prices attained the peak figure in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10,850 per ton), while the price for Vietnam ($4,365 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Tuna Price in Canada (FOB) - 2022
In 2022, the average preserved tuna export price amounted to $4,782 per ton, falling by -8.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 33% against the previous year. The export price peaked at $6,596 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saint Kitts and Nevis ($5,502 per ton) and British Virgin Islands ($5,138 per ton), while the average price for exports to Grenada ($4,176 per ton) and Costa Rica ($4,231 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saint Kitts and Nevis (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Tuna Imports in Canada
In 2022, approx. 37K tons of tuna (prepared or preserved) were imported into Canada; jumping by 21% compared with 2021 figures. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved tuna imports surged to $193M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Preserved Tuna in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 128 | 126 | 104 | 128 | 0.0% |
| Italy | 16.4 | 21.0 | 27.4 | 32.5 | 25.6% |
| Vietnam | 7.9 | 10.2 | 13.1 | 12.7 | 17.1% |
| Ecuador | 0.3 | 0.2 | 0.6 | 6.5 | 178.8% |
| Philippines | 5.0 | 2.8 | 4.0 | 4.8 | -1.4% |
| Indonesia | 1.4 | 2.7 | 2.7 | 4.0 | 41.9% |
| Others | 2.6 | 3.2 | 3.2 | 4.4 | 19.2% |
| Total | 162 | 167 | 155 | 193 | 6.0% |
Top Suppliers of Preserved Tuna to Canada in 2022:
- Thailand (27.1K tons)
- Vietnam (3.2K tons)
- Italy (3.1K tons)
- Ecuador (1.2K tons)
- Philippines (1.0K tons)
- Indonesia (1.0K tons)
Preserved Tuna Exports in Canada
In 2022, shipments abroad of tuna (prepared or preserved) was finally on the rise to reach 308 tons after two years of decline. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved tuna exports skyrocketed to $1.5M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Preserved Tuna in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 479 | 419 | 434 | 920 | 24.3% |
| Trinidad and Tobago | 6.0 | 32.4 | 19.4 | 92.7 | 149.1% |
| Costa Rica | N/A | N/A | N/A | 92.2 | 0% |
| Cayman Islands | 32.3 | 55.4 | 51.2 | 75.5 | 32.7% |
| Curacao | 65.4 | 19.7 | 62.0 | 52.8 | -6.9% |
| Guyana | 20.5 | 26.2 | 30.0 | 35.6 | 20.2% |
| Grenada | 10.7 | 17.4 | 6.0 | 32.7 | 45.1% |
| Saint Kitts and Nevis | 27.1 | 40.7 | 46.6 | 31.9 | 5.6% |
| British Virgin Islands | 41.3 | 22.8 | 18.7 | 30.5 | -9.6% |
| Ecuador | N/A | N/A | N/A | 22.6 | 0% |
| Saint Maarten (Dutch part) | 20.8 | 26.5 | 10.9 | 21.1 | 0.5% |
| Aruba | 36.6 | 117 | 72.1 | N/A | 40.4% |
| Barbados | 96.9 | 16.1 | N/A | N/A | -83.4% |
| Others | 201 | 70.2 | 109 | 63.5 | -31.9% |
| Total | 1,037 | 863 | 860 | 1,471 | 12.4% |
Top Export Markets for Preserved Tuna from Canada in 2022:
- United States (182.8 tons)
- Costa Rica (21.8 tons)
- Trinidad and Tobago (21.8 tons)
- Cayman Islands (16.0 tons)
- Curacao (12.3 tons)
- Guyana (8.3 tons)
- Grenada (7.8 tons)
- British Virgin Islands (5.9 tons)
- Saint Kitts and Nevis (5.8 tons)
- Ecuador (5.3 tons)
- Saint Maarten (Dutch part) (4.9 tons)
This report provides an in-depth analysis of the preserved tuna 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 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole or in pieces (excluding minced products and prepared meals and dishes)
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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