Canada: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Canada

The Canadian frozen freshwater fish market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a noticeable reduction. Frozen freshwater fish consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Frozen Freshwater Fish Production in Canada

In value terms, frozen freshwater fish production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Frozen Freshwater Fish Exports

Exports from Canada

In 2022, the amount of frozen freshwater fish exported from Canada dropped to X tons, which is down by X% compared with 2021. Overall, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, frozen freshwater fish exports stood at $X in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Japan (X tons) and China (X tons) were the main destinations of frozen freshwater fish exports from Canada, together accounting for X% of total exports. Finland, South Korea, the Netherlands, the UK, Vietnam, Israel, Germany, Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen freshwater fish exported from Canada were the United States ($X), Japan ($X) and the UK ($X), together comprising X% of total exports. The Netherlands, China, South Korea, Finland, Hong Kong SAR, Germany, Vietnam, Israel and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen freshwater fish export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Israel ($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.

Frozen Freshwater Fish Imports

Imports into Canada

In 2022, after two years of decline, there was growth in purchases abroad of frozen freshwater fish, when their volume increased by X% to X tons. Overall, imports showed a modest increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen freshwater fish imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of frozen freshwater fish to Canada, accounting for a X% share of total imports. Moreover, frozen freshwater fish imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Myanmar (X tons), with an X% share.

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

In value terms, China ($X) constituted the largest supplier of frozen freshwater fish to Canada, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average frozen freshwater fish import price stood at $X per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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