Canada - Smoked Herrings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSmoked Herring Price in Canada - 2023
Contents:
- Smoked Herring Price in Canada (FOB) - 2023
- Smoked Herring Price in Canada (CIF) - 2022
- Smoked Herring Exports in Canada
- Smoked Herring Imports in Canada
Smoked Herring Price in Canada (FOB) - 2023
In September 2023, the average smoked herring export price amounted to $3,816 per ton, flattening at the previous month. Overall, the export price, however, showed a slight decline. The growth pace was the most rapid in May 2023 an increase of 15% m-o-m. Over the period under review, the average export prices attained the maximum at $4,824 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the United States ($7,759 per ton), while the average price for exports to Trinidad and Tobago ($2,675 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Smoked Herring Price in Canada (CIF) - 2022
The average smoked herring import price stood at $5,315 per ton in 2022, declining by -3.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16%. The import price peaked at $6,441 per ton in 2013; however, from 2014 to 2022, 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 the UK ($6,390 per ton), while the price for the United States ($4,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Smoked Herring Exports in Canada
In 2022, overseas shipments of smoked herrings decreased by -7% to 13K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, the exports attained the peak of 15K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, smoked herring exports reached $50M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Smoked Herring in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 23.5 | 28.8 | 26.8 | 29.9 | 8.4% |
| United States | 6.0 | 7.1 | 7.5 | 8.8 | 13.6% |
| Haiti | 5.3 | 4.9 | 7.1 | 4.4 | -6.0% |
| Trinidad and Tobago | 2.5 | 2.4 | 2.3 | 2.7 | 2.6% |
| Netherlands | 0.9 | 0.9 | 0.8 | 1.1 | 6.9% |
| Others | 2.9 | 2.6 | 3.2 | 2.9 | 0.0% |
| Total | 41.2 | 46.7 | 47.7 | 49.8 | 6.5% |
Top Export Markets for Smoked Herring from Canada in 2022:
- Dominican Republic (8.7K tons)
- United States (1.3K tons)
- Haiti (1.3K tons)
- Trinidad and Tobago (0.9K tons)
- Netherlands (0.4K tons)
Smoked Herring Imports in Canada
In 2022, the amount of smoked herrings imported into Canada rose sharply to 41 tons, with an increase of 8.9% on 2021 figures. In general, imports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of 50 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, smoked herring imports expanded sharply to $219K in 2022. Overall, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 8.5% against the previous year. As a result, imports attained the peak of $280K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Smoked Herring in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 171 | 168 | 96.2 | 65.8 | -27.3% |
| Philippines | 65.0 | 72.7 | 58.5 | 55.6 | -5.1% |
| Egypt | 4.5 | 5.7 | 26.9 | 37.1 | 102.0% |
| United States | N/A | N/A | N/A | 20.1 | 0% |
| Vietnam | N/A | N/A | N/A | 18.1 | 0% |
| Cote d'Ivoire | N/A | 5.1 | 4.7 | 9.5 | 36.5% |
| Ghana | 10.7 | 16.2 | 10.7 | 7.7 | -10.4% |
| Greece | 4.8 | 9.4 | 9.0 | 4.1 | -5.1% |
| Others | 1.9 | 2.2 | 1.1 | 0.7 | -28.3% |
| Total | 258 | 280 | 207 | 219 | -5.3% |
Top Suppliers of Smoked Herring to Canada in 2022:
- Philippines (11.3 tons)
- United Kingdom (10.3 tons)
- Egypt (7.1 tons)
- United States (4.9 tons)
- Vietnam (2.9 tons)
- Cote d'Ivoire (1.9 tons)
- Ghana (1.7 tons)
- Greece (0.7 tons)
This report provides an in-depth analysis of the smoked herring market 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 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
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
377
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135
From December 2022 to October 2023, the growth of Smoked Herring exports failed to regain momentum. In value terms, Smoked Herring exports reached $2.8M in October 2023.
239
In February 2023, the price of smoked herring was reported to be $3,052/ton (FOB, Canada), reflecting the price from the prior month.
360
In November 2022, the smoked herring price stood at $2,962 per ton (FOB, Canada), which is down by -24% against the previous month.
305
Import of Smoked Salmon in June 2023 decreased to $1.2M in value.
135
From December 2022 to October 2023, the growth of Smoked Herring exports failed to regain momentum. In value terms, Smoked Herring exports reached $2.8M in October 2023.
239
In February 2023, the price of smoked herring was reported to be $3,052/ton (FOB, Canada), reflecting the price from the prior month.
360
In November 2022, the smoked herring price stood at $2,962 per ton (FOB, Canada), which is down by -24% against the previous month.
305
Import of Smoked Salmon in June 2023 decreased to $1.2M in value.
