Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States - 2023
Contents:
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States (CIF) - 2023
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States (FOB) - 2023
- Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States
- Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States (CIF) - 2023
In December 2023, the average import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s amounted to $13,664 per ton, waning by -1.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 15% m-o-m. As a result, import price reached the peak level of $14,921 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Mexico ($25,092 per ton), while the price for Marshall Islands ($4,061 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 Suriname (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States (FOB) - 2023
The average export price for fish fillets; fresh or chilled, other than fish of heading 0304.4s stood at $9,971 per ton in December 2023, with a decrease of -8.9% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 26% m-o-m. Over the period under review, the average export prices reached the peak figure at $11,533 per ton in March 2023; however, from April 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Turks and Caicos Islands ($17,080 per ton), while the average price for exports to Canada ($8,112 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turks and Caicos Islands (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States
Imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s into the United States expanded markedly to 8.3K tons in 2022, increasing by 8.1% against 2021. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s skyrocketed to $112M in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43%.
| Import of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 35.4 | 32.1 | 38.4 | 44.0 | 7.5% |
| Mexico | 23.5 | 13.4 | 25.3 | 27.4 | 5.3% |
| Japan | 15.4 | 3.9 | 6.7 | 9.6 | -14.6% |
| Philippines | 7.7 | 2.8 | 3.4 | 4.7 | -15.2% |
| Costa Rica | 3.4 | 2.4 | 3.7 | 4.5 | 9.8% |
| Suriname | 4.9 | 1.8 | 3.8 | 4.3 | -4.3% |
| Mauritius | 3.9 | 0.8 | 1.8 | 3.1 | -7.4% |
| Marshall Islands | 2.1 | 1.3 | 2.0 | 1.7 | -6.8% |
| Others | 16.3 | 7.5 | 9.2 | 12.6 | -8.2% |
| Total | 113 | 66.1 | 94.3 | 112 | -0.3% |
Top Suppliers of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 to the United States in 2022:
- Canada (4143.6 tons)
- Mexico (1064.7 tons)
- Philippines (591.8 tons)
- Japan (526.2 tons)
- Marshall Islands (367.0 tons)
- Costa Rica (302.7 tons)
- Mauritius (241.3 tons)
- Suriname (234.1 tons)
Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States
In 2022, approx. 455 tons of fish fillets; fresh or chilled, other than fish of heading 0304.4s were exported from the United States; which is down by -10.4% on the previous year. Overall, exports showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of 508 tons, and then contracted in the following year.
In value terms, exports of fish fillets; fresh or chilled, other than fish of heading 0304.4s reached $4.7M in 2022. The total export value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 33%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,497 | 2,079 | 2,808 | 1,934 | -8.2% |
| British Virgin Islands | 516 | 347 | 615 | 969 | 23.4% |
| Anguilla | 318 | 182 | 317 | 494 | 15.8% |
| Indonesia | N/A | N/A | N/A | 455 | 0% |
| Turks and Caicos Islands | 94.2 | 29.9 | 249 | 221 | 32.9% |
| Saint Kitts and Nevis | 34.9 | 42.9 | 13.4 | 63.2 | 21.9% |
| Brazil | N/A | 7.3 | 13.6 | 48.7 | 158.3% |
| United Arab Emirates | N/A | 301 | N/A | N/A | 0% |
| Others | 844 | 458 | 585 | 496 | -16.2% |
| Total | 4,304 | 3,448 | 4,602 | 4,680 | 2.8% |
Top Export Markets for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 from the United States in 2022:
- Canada (217.8 tons)
- British Virgin Islands (61.6 tons)
- Indonesia (56.1 tons)
- Anguilla (33.5 tons)
- Turks and Caicos Islands (19.5 tons)
- Saint Kitts and Nevis (11.3 tons)
- Brazil (6.9 tons)
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