Canada - Frozen, Dried And Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Frozen, Dried and Smoked Fish in Canada - 2023
Contents:
- Price for Frozen, Dried and Smoked Fish in Canada (FOB) - 2022
- Price for Frozen, Dried and Smoked Fish in Canada (CIF) - 2022
- Exports of Frozen, Dried and Smoked Fish in Canada
- Imports of Frozen, Dried and Smoked Fish in Canada
Price for Frozen, Dried and Smoked Fish in Canada (FOB) - 2022
In 2022, the average export price for frozen, dried and smoked fish amounted to $11,660 per ton, approximately reflecting the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen, dried and smoked fish export price increased by +53.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 54%. As a result, the export price reached the peak level of $11,682 per ton, leveling off in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($20,211 per ton), while the average price for exports to Lithuania ($1,729 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen, Dried and Smoked Fish in Canada (CIF) - 2022
The average import price for frozen, dried and smoked fish stood at $7,150 per ton in 2022, picking up by 5% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. The import price peaked at $8,453 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 Chile ($12,438 per ton), while the price for Faroe Islands ($1,638 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen, Dried and Smoked Fish in Canada
In 2022, the amount of frozen, dried and smoked fish exported from Canada fell to 263K tons, waning by -13.2% compared with the previous year. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 0.8%.
In value terms, frozen, dried and smoked fish exports reduced to $3.1B in 2022. Over the period under review, total exports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, the exports reached the peak of $3.5B, and then fell in the following year.
| Export of Frozen, Dried and Smoked Fish in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,561 | 1,398 | 2,526 | 1,887 | 6.5% |
| China | 388 | 310 | 305 | 385 | -0.3% |
| Japan | 163 | 124 | 147 | 140 | -4.9% |
| South Korea | 50.3 | 35.9 | 48.6 | 64.8 | 8.8% |
| Indonesia | 32.2 | 9.2 | 18.8 | 53.2 | 18.2% |
| United Kingdom | 30.9 | 28.4 | 59.3 | 51.6 | 18.6% |
| Denmark | 61.1 | 44.3 | 51.9 | 44.7 | -9.9% |
| Netherlands | 16.1 | 12.5 | 16.1 | 32.0 | 25.7% |
| Dominican Republic | 24.8 | 29.8 | 28.0 | 31.9 | 8.8% |
| Ukraine | 36.5 | 37.4 | 45.5 | 14.1 | -27.2% |
| Lithuania | 7.1 | 3.3 | 1.7 | 14.1 | 25.7% |
| Others | 284 | 248 | 287 | 344 | 6.6% |
| Total | 2,655 | 2,280 | 3,535 | 3,062 | 4.9% |
Top Export Markets for Frozen, Dried and Smoked Fish from Canada in 2022:
- United States (93.3K tons)
- China (57.6K tons)
- Japan (15.9K tons)
- Dominican Republic (9.6K tons)
- Lithuania (8.1K tons)
- Ukraine (6.8K tons)
- Denmark (5.8K tons)
- United Kingdom (4.4K tons)
- South Korea (4.2K tons)
- Indonesia (4.1K tons)
- Netherlands (4.0K tons)
Imports of Frozen, Dried and Smoked Fish in Canada
In 2022, imports of frozen, dried and smoked fish into Canada skyrocketed to 224K tons, picking up by 16% on 2021 figures. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen, dried and smoked fish imports skyrocketed to $1.6B in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +49.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Frozen, Dried and Smoked Fish in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 313 | 262 | 264 | 347 | 3.5% |
| United States | 173 | 150 | 260 | 229 | 9.8% |
| Vietnam | 152 | 151 | 156 | 222 | 13.5% |
| India | 107 | 111 | 144 | 151 | 12.2% |
| Norway | 55.5 | 51.8 | 66.2 | 114 | 27.1% |
| Chile | 67.4 | 66.7 | 69.5 | 101 | 14.4% |
| Indonesia | 29.8 | 35.0 | 41.1 | 73.5 | 35.1% |
| Thailand | 38.2 | 24.5 | 30.5 | 52.2 | 11.0% |
| Ecuador | 15.6 | 16.9 | 27.7 | 46.4 | 43.8% |
| Iceland | 16.7 | 16.2 | 22.1 | 21.9 | 9.5% |
| Taiwan (Chinese) | 15.4 | 11.7 | 13.4 | 16.1 | 1.5% |
| Russia | 33.7 | 26.8 | 42.2 | 14.0 | -25.4% |
| Faroe Islands | 2.1 | 2.2 | 3.7 | 10.8 | 72.6% |
| Others | 127 | 141 | 177 | 200 | 16.3% |
| Total | 1,146 | 1,067 | 1,318 | 1,598 | 11.7% |
Top Suppliers of Frozen, Dried and Smoked Fish to Canada in 2022:
- China (53.1K tons)
- United States (30.4K tons)
- Vietnam (27.9K tons)
- Norway (23.1K tons)
- India (16.2K tons)
- Indonesia (8.3K tons)
- Chile (8.1K tons)
- Iceland (7.4K tons)
- Faroe Islands (6.6K tons)
- Thailand (6.0K tons)
- Ecuador (5.7K tons)
- Taiwan (Chinese) (3.3K tons)
- Russia (1.7K tons)
This report provides an in-depth analysis of the market for frozen, dried and smoked fish 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:
- Prodcom 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
- Prodcom 10202100 - Fish fillets, dried, salted or in brine, but not smoked
- Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
- Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
- Prodcom 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
- Prodcom 10202485 - Smoked fish (excluding herrings, Pacific, Atlantic and Danube salmon), including fillets, excluding head, tails and maws
- Prodcom 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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