Canada: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Canada

After two years of growth, the Canadian market for frozen, dried and smoked fish decreased by X% to $X in 2023. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Production of Frozen, Dried And Smoked Fish in Canada

In value terms, frozen, dried and smoked fish production rose rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Canada

In 2023, the amount of frozen, dried and smoked fish exported from Canada fell to X tons, shrinking by X% compared with the previous year's figure. In general, exports saw a mild downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish exports declined notably to $X in 2023. Overall, total exports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main destinations of frozen, dried and smoked fish exports from Canada, with a combined X% share of total exports. The Dominican Republic, Lithuania, Denmark, France, Haiti, the UK, Vietnam, Ukraine and Iceland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2023, falling by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen, dried and smoked fish export price decreased by X% against 2021 indices. 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 reached the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Canada

After two years of growth, supplies from abroad of frozen, dried and smoked fish decreased by X% to X tons in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then contracted dramatically in the following year.

In value terms, frozen, dried and smoked fish imports fell dramatically to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then dropped sharply in the following year.

Imports by Country

China (X tons), the United States (X tons) and Vietnam (X tons) were the main suppliers of frozen, dried and smoked fish imports to Canada, with a combined X% share of total imports. India, Norway, Chile, Iceland, Ecuador, Indonesia, Thailand, Argentina, Taiwan (Chinese) and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish suppliers to Canada were China ($X), the United States ($X) and India ($X), together comprising X% of total imports. Vietnam, Chile, Norway, Indonesia, Ecuador, Thailand, Argentina, Iceland, Taiwan (Chinese) and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average import price for frozen, dried and smoked fish amounted to $X per ton, reducing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, 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 Russia ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform