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Canada - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Canada: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in Canada

The Canadian fish fat and oil market fell to $X in 2020, waning by -X% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2019, and then fell in the following year.

Production of Fish Fats And Oils in Canada

In value terms, fish fat and oil production reduced sharply to $X in 2020 estimated in export prices. In general, production saw a dramatic slump. The pace of growth was the most pronounced in 2015 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2016 to 2020, production growth remained at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from Canada

In 2020, overseas shipments of fish fats and oils increased by X% to X tonnes, rising for the fourth year in a row after five years of decline. In general, exports saw a temperate expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, fish fat and oil exports rose remarkably to $X in 2020. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X tonnes), Norway (X tonnes) and the Netherlands (X tonnes) were the main destinations of fish fat and oil exports from Canada, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway, while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), the Netherlands ($X) and Norway ($X) constituted the largest markets for fish fat and oil exported from Canada worldwide, together accounting for X% of total exports.

Norway saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average fish fat and oil export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Norway ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced a decline.

Imports of Fish Fats And Oils

Imports into Canada

In 2020, the amount of fish fats and oils imported into Canada reached X tonnes, picking up by X% on the previous year. Overall, total imports indicated a prominent expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, fish fat and oil imports fell to $X in 2020. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2019, and then declined in the following year.

Imports by Country

Peru (X tonnes), the U.S. (X tonnes) and Mexico (X tonnes) were the main suppliers of fish fat and oil imports to Canada, with a combined X% share of total imports. Chile, Ecuador, Denmark and Georgia lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Denmark (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fish fat and oil suppliers to Canada were Peru ($X), the U.S. ($X) and Mexico ($X), with a combined X% share of total imports. These countries were followed by Chile, Ecuador, Denmark and Georgia, which together accounted for a further X terms of the main suppliers, Denmark (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fish fat and oil import price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Over the period under review, import price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, fish fat and oil import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Peru ($X per tonne), while the price for Georgia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?
+
The country with the largest volume of fish fat and oil consumption was China (772K tonnes), comprising approx. 16% of total volume. Moreover, fish fat and oil consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (317K tonnes), twofold. Norway (315K tonnes) ranked third in terms of total consumption with a 6.7% share.
What are the largest producers of fish fats and oils in the world?
+
China (719K tonnes) constituted the country with the largest volume of fish fat and oil production, accounting for 15% of total volume. Moreover, fish fat and oil production in China exceeded the figures recorded by the second-largest producer, the U.S. (352K tonnes), twofold. The third position in this ranking was occupied by India (299K tonnes), with a 6.4% share.
What are the leading suppliers of fish fats and oils to Canada?
+
In value terms, the largest fish fat and oil suppliers to Canada were Peru ($71M), the U.S. ($38M) and Mexico ($9.3M), together accounting for 85% of total imports. Chile, Ecuador, Denmark and Georgia lagged somewhat behind, together accounting for a further 8.4%.
What are the leading importers of fish fats and oils from Canada?
+
In value terms, the largest markets for fish fat and oil exported from Canada were the U.S. ($9.5M), the Netherlands ($8.9M) and Norway ($5.2M), together comprising 84% of total exports.
What is the average export price for fish fats and oils in Canada?
+
The average fish fat and oil export price stood at $2,743 per tonne in 2020, declining by -26% against the previous year.
What is the average import price for fish fats and oils in Canada?
+
In 2020, the average fish fat and oil import price amounted to $2,839 per tonne, dropping by -8.2% against the previous year.

Product coverage:
• Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

This report provides an in-depth analysis of the market for fish fat and oil 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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