Price for Fish; Edible Offal, Fish Heads, Tails and Maws in the United States - 2023

Contents:

1. Price for Fish; Edible Offal, Fish Heads, Tails and Maws in the United States (CIF) - 2023
2. Price for Fish; Edible Offal, Fish Heads, Tails and Maws in the United States (FOB) - 2022
3. Imports of Fish; Edible Offal, Fish Heads, Tails and Maws in the United States
4. Exports of Fish; Edible Offal, Fish Heads, Tails and Maws in the United States

Price for Fish; Edible Offal, Fish Heads, Tails and Maws in the United States (CIF) - 2023

The average import price for fish; edible offal, fish heads, tails and mawses stood at $6,145 per ton in December 2023, with an increase of 77% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 144% month-to-month. Over the period under review, average import prices hit record highs at $15,885 per ton in July 2023; however, from August 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($12,597 per ton), while the price for China ($2,915 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish; Edible Offal, Fish Heads, Tails and Maws in the United States (FOB) - 2022

In 2022, the average export price for fish; edible offal, fish heads, tails and mawses amounted to $2,600 per ton, increasing by 15% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fish; edible offal, fish heads, tails and mawses increased by +29.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 23%. As a result, the export price attained the peak level of $2,712 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($2,799 per ton), while the average price for exports to Canada ($2,204 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 Hong Kong SAR (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish; Edible Offal, Fish Heads, Tails and Maws in the United States

In 2022, imports of fish; edible offal, fish heads, tails and mawses into the United States soared to 411 tons, rising by 35% against 2021. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 145%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of fish; edible offal, fish heads, tails and mawses surged to $3.5M in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fish; Edible Offal, Fish Heads, Tails and Maws to the United States in 2022:

1. Hong Kong SAR (148.9 tons)
2. China (90.2 tons)
3. Vietnam (84.4 tons)
4. Ecuador (30.3 tons)
5. Costa Rica (19.6 tons)
6. Mexico (14.7 tons)
7. New Zealand (11.2 tons)

Exports of Fish; Edible Offal, Fish Heads, Tails and Maws in the United States

In 2022, the amount of fish; edible offal, fish heads, tails and mawses exported from the United States fell dramatically to 17 tons, which is down by -87.7% against 2021 figures. Overall, exports recorded a sharp descent. The smallest decline of -22.2% was in 2020.

In value terms, exports of fish; edible offal, fish heads, tails and mawses reduced sharply to $45K in 2022. Over the period under review, exports saw a precipitous setback. The smallest decline of -14.2% was in 2020.

Top Export Markets for Fish; Edible Offal, Fish Heads, Tails and Maws from the United States in 2022:

1. South Korea (9.7 tons)
2. Hong Kong SAR (4.3 tons)
3. Canada (3.2 tons)

Source: IndexBox Market Intelligence Platform