Canada - Cod, Salted or in Brine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cod, Salted or in Brine in Canada - 2023
Contents:
- Price for Cod, Salted or in Brine in Canada (FOB) - 2023
- Price for Cod, Salted or in Brine in Canada (CIF) - 2022
- Exports of Cod, Salted or in Brine in Canada
- Imports of Cod, Salted or in Brine in Canada
Price for Cod, Salted or in Brine in Canada (FOB) - 2023
In May 2023, the average export price for cod, salted or in brine amounted to $4,578 per ton, surging by 6.2% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 an increase of 68% month-to-month. As a result, the export price reached the peak level of $6,852 per ton. From September 2022 to May 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to May 2023, the rate of growth in terms of prices for the United States amounted to +0.5% per month.
Price for Cod, Salted or in Brine in Canada (CIF) - 2022
The average import price for cod, salted or in brine stood at $2,752 per ton in 2022, declining by -4.8% against the previous year. Overall, the import price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of 3.6% against the previous year. Over the period under review, average import prices hit record highs at $4,305 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Faroe Islands ($3,110 per ton) and Iceland ($2,759 per ton), while the price for the United States ($2,708 per ton) and Norway ($2,736 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Cod, Salted or in Brine in Canada
Cod, salted or in brine exports from Canada rose rapidly to 1.4K tons in 2022, with an increase of 12% against the previous year. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, cod, salted or in brine exports dropped to $6.7M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of $7.2M, and then declined in the following year.
| Export of Cod, Salted or in Brine in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.1 | 6.0 | 6.9 | 6.7 | 3.2% |
| Spain | N/A | N/A | 0.3 | N/A | 0% |
| Others | 0.6 | N/A | N/A | N/A | 0% |
| Total | 6.7 | 6.0 | 7.2 | 6.7 | 0.0% |
Top Export Markets for Cod, Salted or in Brine from Canada in 2022:
- United States (1.4K tons)
Imports of Cod, Salted or in Brine in Canada
In 2022, the amount of cod, salted or in brine imported into Canada skyrocketed to 2.2K tons, increasing by 40% on 2021 figures. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern 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.
In value terms, cod, salted or in brine imports soared to $6M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, 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 Cod, Salted or in Brine in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 2.1 | 3.6 | 2.9 | 3.9 | 22.9% |
| China | 1.7 | 1.6 | 1.2 | 1.7 | 0.0% |
| Faroe Islands | 0.2 | 0.3 | 0.2 | 0.3 | 14.5% |
| Iceland | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Spain | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 4.6 | 5.7 | 4.5 | 6.0 | 9.3% |
Top Suppliers of Cod, Salted or in Brine to Canada in 2022:
- Norway (1430.4 tons)
- China (637.5 tons)
- Faroe Islands (82.2 tons)
- Iceland (43.0 tons)
This report provides an in-depth analysis of the market for cod, salted or in brine 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:
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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156
From December 2022 to October 2023, the growth of Smoked Herring exports failed to regain momentum. In value terms, Smoked Herring exports reached $2.8M in October 2023.
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In February 2023, the price of smoked herring was reported to be $3,052/ton (FOB, Canada), reflecting the price from the prior month.
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