Canada: Market for Frozen Atlantic Salmon And Danube Salmon 2022

Market Size for Frozen Atlantic Salmon And Danube Salmon in Canada

In 2021, the Canadian market for frozen atlantic salmon and danube salmon decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Frozen Atlantic Salmon And Danube Salmon in Canada

In value terms, production of frozen atlantic salmon and danube salmon fell to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020, and then fell in the following year.

Exports of Frozen Atlantic Salmon And Danube Salmon

Exports from Canada

In 2021, shipments abroad of frozen atlantic salmon and danube salmon was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep setback. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, exports of frozen atlantic salmon and danube salmon surged to $X in 2021. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Ukraine (X tons) was the main destination for exports of frozen atlantic salmon and danube salmon from Canada, with a X% share of total exports. Moreover, exports of frozen atlantic salmon and danube salmon to Ukraine exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Ukraine was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Ukraine was relatively modest.

Export Prices by Country

In 2021, the average export price for frozen atlantic salmon and danube salmon amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price showed a pronounced slump. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Ukraine totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-X%).

Imports of Frozen Atlantic Salmon And Danube Salmon

Imports into Canada

Imports of frozen atlantic salmon and danube salmon into Canada dropped modestly to X tons in 2021, which is down by -X% compared with the year before. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of frozen atlantic salmon and danube salmon expanded significantly to $X in 2021. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Chile (X tons) constituted the largest frozen atlantic salmon and danube salmon supplier to Canada, with a X% share of total imports. Moreover, imports of frozen atlantic salmon and danube salmon from Chile exceeded the figures recorded by the second-largest supplier, Norway (X tons), fivefold. The third position in this ranking was held by Japan (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+X% per year) and Japan (+X% per year).

In value terms, Chile ($X), Norway ($X) and Japan ($X) constituted the largest frozen atlantic salmon and danube salmon suppliers to Canada, together accounting for X% of total imports.

Japan, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for frozen atlantic salmon and danube salmon amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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