Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada - 2024

Contents:

  1. Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada (CIF) - 2024
  2. Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada (FOB) - 2022
  3. Imports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada
  4. Exports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada

Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada (CIF) - 2024

In January 2024, the average import price for fish fillets; frozen, haddock (melanogrammus aeglefinus)s amounted to $5,904 per ton, leveling off at the previous month. Over the period under review, the import price saw a noticeable setback. The most prominent rate of growth was recorded in April 2023 an increase of 12% m-o-m. As a result, import price reached the peak level of $9,351 per ton. From May 2023 to January 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Iceland ($11,509 per ton), while the price for Indonesia ($4,540 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Iceland (+3.0%), while the prices for the other major suppliers experienced a decline.

Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada (FOB) - 2022

In 2022, the average export price for fish fillets; frozen, haddock (melanogrammus aeglefinus)s amounted to $7,982 per ton, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2019 an increase of 16%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.1% per year.

Imports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada

In 2022, imports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s into Canada surged to 8K tons, picking up by 28% on the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s skyrocketed to $60M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China36.233.236.251.212.3%
IndonesiaN/AN/AN/A3.90%
ThailandN/AN/A0.22.81300.0%
Iceland0.30.51.51.467.1%
Others2.31.42.11.2-19.5%
Total38.835.040.060.415.9%

Top Suppliers of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) to Canada in 2022:

  1. China (6.6K tons)
  2. Indonesia (0.6K tons)
  3. Thailand (0.4K tons)
  4. Iceland (0.1K tons)

Exports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada

After two years of decline, shipments abroad of fish fillets; frozen, haddock (melanogrammus aeglefinus)s increased by 75% to 312 tons in 2022. Over the period under review, exports, however, recorded a dramatic slump.

In value terms, exports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s soared to $2.5M in 2022. Overall, exports, however, saw a dramatic slump.

Export of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.83.81.32.5-24.5%
Others0.1N/AN/AN/A0%
Total5.83.81.32.5-24.5%

Top Export Markets for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) from Canada in 2022:

  1. United States (311.4 tons)

Source: IndexBox Market Intelligence Platform

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