Report Update: May 1, 2024

Canada - Fresh Or Chilled Anchovies - Market Analysis, Forecast, Size, Trends And Insights

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Price for Fresh or Chilled Anchovies in Canada - 2023

Price for Fresh or Chilled Anchovies in Canada (FOB) - 2022

The average fresh or chilled anchovies export price stood at $15,304 per ton in 2022, jumping by 19% against the previous year. In general, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 89% against the previous year. The export price peaked in 2022 and is likely to continue 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 +15.9% per year.

Price for Fresh or Chilled Anchovies in Canada (CIF) - 2022

In 2022, the average fresh or chilled anchovies import price amounted to $4,652 per ton, dropping by -4.6% against the previous year. In general, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 67% against the previous year. As a result, import price attained the peak level of $7,670 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($9,769 per ton), while the price for Trinidad and Tobago ($3,476 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fresh or Chilled Anchovies in Canada

In 2022, the amount of fresh or chilled anchovieses exported from Canada contracted notably to 28 tons, dropping by -57.3% compared with 2021 figures. In general, exports faced a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 3% against the previous year.

In value terms, fresh or chilled anchovies exports shrank dramatically to $430K in 2022. Overall, exports recorded a dramatic setback. The smallest decline of -2.3% was in 2021.

Export of Fresh or Chilled Anchovies in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	954	864	845	430	-23.3%
Others	0.6	N/A	N/A	N/A	0%
Total	954	864	845	430	-23.3%

Top Export Markets for Fresh or Chilled Anchovies from Canada in 2022:

United States (28.1 tons)

Imports of Fresh or Chilled Anchovies in Canada

In 2022, the amount of fresh or chilled anchovieses imported into Canada rose significantly to 51 tons, increasing by 13% on the year before. In general, imports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year.

In value terms, fresh or chilled anchovies imports rose sharply to $236K in 2022. Over the period under review, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year.

Import of Fresh or Chilled Anchovies in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	N/A	N/A	N/A	38.3	0%
Turkey	3.7	43.5	47.1	36.6	114.7%
Peru	N/A	N/A	N/A	28.6	0%
Greece	209	13.8	12.8	28.0	-48.8%
India	56.1	50.8	43.4	17.3	-32.4%
Ecuador	N/A	N/A	N/A	15.8	0%
Rwanda	N/A	17.8	27.1	14.6	-9.4%
Senegal	N/A	15.2	40.0	13.4	-6.1%
United States	0.2	0.4	2.3	13.2	304.1%
Trinidad and Tobago	N/A	N/A	N/A	9.0	0%
Italy	17.9	5.4	7.9	2.0	-51.8%
United Kingdom	N/A	N/A	13.7	N/A	0%
Others	14.6	19.3	25.8	19.6	10.3%
Total	301	166	220	236	-7.8%

Top Suppliers of Fresh or Chilled Anchovies to Canada in 2022:

Chile (8.4 tons)
Turkey (8.0 tons)
Peru (6.2 tons)
Greece (4.4 tons)
India (4.1 tons)
Ecuador (3.5 tons)
United States (3.3 tons)
Rwanda (3.2 tons)
Senegal (2.9 tons)
Trinidad and Tobago (2.6 tons)
Italy (0.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for fresh or chilled anchovies in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023