Northern America: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Northern America

After two years of decline, the North American frozen atlantic halibut market increased by X% to $X in 2020. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Frozen Atlantic Halibut Production in Northern America

In value terms, frozen atlantic halibut production stood at $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Production By Country in Northern America

Canada (X tons) remains the largest frozen atlantic halibut producing country in Northern America, comprising approx. X% of total volume.

From 2007 to 2020, the average annual growth rate of volume in Canada stood at +X%.

Frozen Atlantic Halibut Exports

Exports in Northern America

In 2020, overseas shipments of frozen atlantic halibut decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. from 2010 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen atlantic halibut exports contracted rapidly to $X in 2020. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada represented the key exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by the U.S. (X tons), committing a X% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of frozen atlantic halibut. the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Canada increased by +X% percentage points, while the U.S. (-X p.p.) saw their share reduced.

In value terms, Canada ($X) remains the largest frozen atlantic halibut supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.

In Canada, frozen atlantic halibut exports remained relatively stable over the period from 2007-2020.

Export Prices by Country

The frozen atlantic halibut export price in Northern America stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Frozen Atlantic Halibut Imports

Imports in Northern America

In 2020, the amount of frozen atlantic halibut imported in Northern America dropped remarkably to X tons, with a decrease of -X% against 2019. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports declined remarkably to $X in 2020. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. The level of import peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

The U.S. represented the key importer of frozen atlantic halibut in Northern America, with the volume of imports resulting at X tons, which was near X% of total imports in 2020. It was distantly followed by Canada (X tons), committing a X% share of total imports.

The U.S. experienced a relatively flat trend pattern with regard to volume of imports of frozen atlantic halibut. Canada (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the U.S. ($X) constitutes the largest market for imported frozen atlantic halibut in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., frozen atlantic halibut imports contracted by an average annual rate of -X% over the period from 2007-2020.

Import Prices by Country

In 2020, the frozen atlantic halibut import price in Northern America amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Platform

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