Canada: Freshwater Fish Market 2024

Freshwater Fish Market Size in Canada

The Canadian freshwater fish market rose markedly to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a tangible expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Freshwater Fish Exports

Exports from Canada

In 2022, overseas shipments of freshwater fish were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, freshwater fish exports soared to $X in 2022. In general, exports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), the United States (X tons) and China (X tons) were the main destinations of freshwater fish exports from Canada, together accounting for X% of total exports. Belgium and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X) remains the key foreign market for freshwater fish exports from Canada, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

The average freshwater fish export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United States ($X 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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Freshwater Fish Imports

Imports into Canada

In 2022, freshwater fish imports into Canada rose significantly to X tons, growing by X% compared with the previous year. Over the period under review, imports, however, recorded a perceptible descent. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, freshwater fish imports rose sharply to $X in 2022. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest freshwater fish supplier to Canada, accounting for a X% share of total imports. Moreover, freshwater fish imports from the United States exceeded the figures recorded by the second-largest supplier, Haiti (X tons), sevenfold. Cuba (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Haiti (X% per year) and Cuba (X% per year).

In value terms, the United States ($X) constituted the largest supplier of freshwater fish to Canada, comprising X% of total imports. The second position in the ranking was taken by Haiti ($X), with a X% share of total imports. It was followed by Cuba, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Haiti (X% per year) and Cuba (X% per year).

Import Prices by Country

The average freshwater fish import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X 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 the Dominican Republic ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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