Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada (CIF) - 2022
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada (FOB) - 2023
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $6,359 per ton, surging by 4.8% against the previous year. Overall, the import price saw a mild expansion. The growth pace was the most rapid in 2018 an increase of 62%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($7,413 per ton), while the price for China ($5,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.0%), while the prices for the other major suppliers experienced a decline.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada (FOB) - 2023
The average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $1,762 per ton in October 2023, remaining constant against the previous month. In general, the export price recorded a abrupt decline. As a result, the export price reached the peak level of $4,223 per ton. From February 2023 to October 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From January 2023 to October 2023, the rate of growth in terms of prices for China amounted to 0.0% per month.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada
Imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s into Canada surged to 347 tons in 2022, rising by 22% on the year before. Over the period under review, total imports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.4% 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 +64.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 35%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $2.2M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.8% 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 +76.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 901 | 564 | 965 | 1,180 | 9.4% |
| China | 376 | 245 | 289 | 788 | 28.0% |
| South Africa | 53.8 | 20.6 | 43.5 | 210 | 57.5% |
| Vietnam | 459 | 384 | 381 | N/A | -8.9% |
| Others | 69.9 | 38.2 | 46.9 | 26.3 | -27.8% |
| Total | 1,860 | 1,251 | 1,725 | 2,205 | 5.8% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Canada in 2022:
- Namibia (159.2 tons)
- China (151.0 tons)
- South Africa (31.4 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada
In 2022, approx. 14 tons of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were exported from Canada; with a decrease of -16.5% compared with the previous year's figure. In general, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 114%.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s declined notably to $62K in 2022. Overall, exports saw a sharp descent. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 486 | 17.5 | 39.4 | 44.1 | -55.1% |
| South Africa | 68.4 | 23.9 | 17.2 | 9.9 | -47.5% |
| Georgia | 75.0 | 2.1 | 5.2 | 2.6 | -67.4% |
| Italy | 68.4 | 2.1 | 4.3 | 2.2 | -68.2% |
| Germany | 37.4 | 1.1 | 2.6 | 1.3 | -67.4% |
| United States | 64.7 | 0.2 | 2.1 | 1.0 | -75.1% |
| South Korea | 24.8 | N/A | N/A | N/A | 0% |
| China | 1,279 | N/A | N/A | N/A | 0% |
| Others | 160 | 4.0 | 2.8 | 1.0 | -81.6% |
| Total | 2,263 | 50.9 | 73.6 | 62.2 | -69.8% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Canada in 2022:
- Japan (7.5 tons)
- South Africa (4.6 tons)
- Georgia (0.8 tons)
- Italy (0.7 tons)
- Germany (0.5 tons)
- United States (0.3 tons)
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