Canada - Dried Or Salted Fish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Dried or Salted Fish in Canada - 2023
Contents:
- Price for Dried or Salted Fish in Canada (FOB) - 2023
- Price for Dried or Salted Fish in Canada (CIF) - 2023
- Exports of Dried or Salted Fish in Canada
- Imports of Dried or Salted Fish in Canada
Price for Dried or Salted Fish in Canada (FOB) - 2023
The average dried or salted fish export price stood at $6,268 per ton in September 2023, increasing by 27% against the previous month. In general, export price indicated mild growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, dried or salted fish export price increased by +53.4% against April 2023 indices. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 29% m-o-m. Over the period under review, the average export prices attained the peak figure at $6,316 per ton in October 2022; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($8,547 per ton), while the average price for exports to Haiti ($1,473 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Dried or Salted Fish in Canada (CIF) - 2023
In September 2023, the average dried or salted fish import price amounted to $4,154 per ton, growing by 11% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in July 2023 when the average import price increased by 18% month-to-month. Over the period under review, average import prices attained the maximum in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($7,250 per ton), while the price for Nigeria ($911 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Dried or Salted Fish in Canada
In 2022, the amount of dried or salted fish exported from Canada rose slightly to 9.9K tons, growing by 4.9% on 2021. The total export volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, dried or salted fish exports soared to $51M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Dried or Salted Fish in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 28.1 | 30.4 | 31.5 | 36.6 | 9.2% |
Haiti | 3.2 | 4.0 | 4.1 | 3.5 | 3.0% |
Denmark | 0.2 | N/A | N/A | 3.2 | 152.0% |
Saint Lucia | 1.0 | 1.1 | 1.3 | 1.5 | 14.5% |
Dominican Republic | 0.4 | 0.7 | 0.5 | 1.2 | 44.2% |
Trinidad and Tobago | 1.2 | 1.3 | 1.4 | 1.1 | -2.9% |
Italy | 1.8 | 1.0 | 1.1 | 1.0 | -17.8% |
Others | 6.3 | 5.4 | 4.4 | 3.2 | -20.2% |
Total | 42.3 | 43.9 | 44.2 | 51.3 | 6.6% |
Top Export Markets for Dried or Salted Fish from Canada in 2022:
- United States (5.2K tons)
- Haiti (2.5K tons)
- Denmark (0.5K tons)
- Dominican Republic (0.5K tons)
- Saint Lucia (0.3K tons)
- Trinidad and Tobago (0.2K tons)
- Italy (0.1K tons)
Imports of Dried or Salted Fish in Canada
In 2022, approx. 8.1K tons of dried or salted fish were imported into Canada; jumping by 31% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern.
In value terms, dried or salted fish imports surged to $28M in 2022. The total import value increased at an average annual rate of +2.4% 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 Dried or Salted Fish in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 11.9 | 12.2 | 7.9 | 14.0 | 5.6% |
China | 5.7 | 4.2 | 2.6 | 4.5 | -7.6% |
Iceland | 3.5 | 3.6 | 4.0 | 2.7 | -8.3% |
Faroe Islands | 1.2 | 1.2 | 1.1 | 1.5 | 7.7% |
Portugal | 0.4 | 0.5 | 1.1 | 0.9 | 31.0% |
Tanzania | N/A | N/A | N/A | 0.8 | 0% |
Others | 3.6 | 3.6 | 4.1 | 3.8 | 1.8% |
Total | 26.2 | 25.2 | 21.0 | 28.2 | 2.5% |
Top Suppliers of Dried or Salted Fish to Canada in 2022:
- Norway (4.6K tons)
- China (1.2K tons)
- Iceland (0.8K tons)
- Faroe Islands (0.4K tons)
- Portugal (0.3K tons)
- Tanzania (0.2K tons)
This report provides an in-depth analysis of the market for dried or salted fish 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 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
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
-
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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Import of Smoked Salmon in June 2023 decreased to $1.2M in value.
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.
In February 2023, the price of smoked herring was reported to be $3,052/ton (FOB, Canada), reflecting the price from the prior month.
In November 2022, the smoked herring price stood at $2,962 per ton (FOB, Canada), which is down by -24% against the previous month.
Import of Smoked Salmon in June 2023 decreased to $1.2M in value.
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.
In February 2023, the price of smoked herring was reported to be $3,052/ton (FOB, Canada), reflecting the price from the prior month.
In November 2022, the smoked herring price stood at $2,962 per ton (FOB, Canada), which is down by -24% against the previous month.