Price for Fish Meal; Fit for Human Consumption in the United States - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in the United States (CIF) - 2022
- Price for Fish Meal; Fit for Human Consumption in the United States (FOB) - 2022
- Imports of Fish Meal; Fit for Human Consumption in the United States
- Exports of Fish Meal; Fit for Human Consumption in the United States
Price for Fish Meal; Fit for Human Consumption in the United States (CIF) - 2022
In 2022, the average import price for fish meal; fit for human consumptia amounted to $10,194 per ton, declining by -12.8% against the previous year. In general, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 83%. The import price peaked at $18,787 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($19,646 per ton), while the price for Vietnam ($3,413 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Meal; Fit for Human Consumption in the United States (FOB) - 2022
The average export price for fish meal; fit for human consumptia stood at $871 per ton in 2022, dropping by -3.1% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 83%. The export price peaked at $1,643 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($920 per ton) and the Netherlands ($890 per ton), while the average price for exports to Canada ($699 per ton) and Trinidad and Tobago ($813 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+51.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Meal; Fit for Human Consumption in the United States
In 2022, imports of fish meal; fit for human consumptia into the United States dropped markedly to 117 tons, waning by -23.1% on the previous year. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 151%. As a result, imports attained the peak of 152 tons, and then dropped sharply in the following year.
In value terms, imports of fish meal; fit for human consumptia shrank markedly to $1.2M in 2022. Overall, imports recorded a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 194%.
| Import of Fish Meal; Fit for Human Consumption in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 559 | 192 | 540 | 567 | 0.5% |
| China | 350 | 299 | 476 | 501 | 12.7% |
| South Korea | 63.6 | 72.3 | 70.3 | 73.9 | 5.1% |
| Vietnam | 75.3 | 20.2 | 2.6 | 33.9 | -23.4% |
| Japan | 14.0 | 15.9 | 12.9 | 14.8 | 1.9% |
| El Salvador | N/A | N/A | 171 | N/A | 0% |
| Mexico | N/A | N/A | 47.1 | N/A | 0% |
| Taiwan (Chinese) | 1,223 | N/A | 425 | N/A | -41.1% |
| Others | 171 | 5.1 | 30.8 | N/A | -57.6% |
| Total | 2,455 | 605 | 1,776 | 1,191 | -21.4% |
Top Suppliers of Fish Meal; Fit for Human Consumption to the United States in 2022:
- China (58.9 tons)
- Norway (28.9 tons)
- South Korea (17.3 tons)
- Vietnam (9.9 tons)
- Japan (1.8 tons)
Exports of Fish Meal; Fit for Human Consumption in the United States
Exports of fish meal; fit for human consumptia from the United States declined rapidly to 597 tons in 2022, waning by -18.3% against 2021. Over the period under review, exports showed a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 58% against the previous year.
In value terms, exports of fish meal; fit for human consumptia shrank sharply to $520K in 2022. In general, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2021 when exports increased by 72% against the previous year.
| Export of Fish Meal; Fit for Human Consumption in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 238 | 134 | 383 | 337 | 12.3% |
| Trinidad and Tobago | 198 | 47.4 | 82.4 | 81.3 | -25.7% |
| Canada | 15.9 | 7.9 | 61.0 | 53.6 | 49.9% |
| Netherlands | 135 | 8.4 | 41.4 | 45.6 | -30.4% |
| Hong Kong SAR | 56.2 | N/A | N/A | N/A | 0% |
| Venezuela | N/A | 69.9 | N/A | N/A | 0% |
| Australia | 58.5 | N/A | 3.5 | N/A | -75.5% |
| United Kingdom | 2.8 | N/A | 43.6 | N/A | 294.6% |
| Myanmar | 163 | 98.8 | N/A | N/A | -39.4% |
| Honduras | 77.0 | N/A | N/A | N/A | 0% |
| Bahamas | 55.9 | 7.7 | N/A | N/A | -86.2% |
| Others | 80.9 | 8.4 | 42.0 | 2.7 | -67.8% |
| Total | 1,082 | 383 | 657 | 520 | -21.7% |
Top Export Markets for Fish Meal; Fit for Human Consumption from the United States in 2022:
- Germany (365.8 tons)
- Trinidad and Tobago (100.0 tons)
- Canada (76.7 tons)
- Netherlands (51.3 tons)
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