Northern America: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Northern America

In 2020, the North American frozen salmonoids market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. The level of consumption peaked in 2020 and is expected to retain growth in the near future.

Frozen Salmonoids Production in Northern America

In value terms, frozen salmonoids production expanded slightly to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level at $X in 2011; however, from 2012 to 2020, production failed to regain the momentum.

Production By Country in Northern America

The U.S. (X tons) remains the largest frozen salmonoids producing country in Northern America, accounting for X% of total volume. Moreover, frozen salmonoids production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in the U.S. was relatively modest.

Frozen Salmonoids Exports

Exports in Northern America

In 2020, shipments abroad of frozen salmonoids decreased by -X% to X tons, falling for the second year in a row after three years of growth. Overall, exports showed a dramatic downturn. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, frozen salmonoids exports fell sharply to $X in 2020. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, the U.S. (X tons) was the main exporter of frozen salmonoids, comprising X% of total exports. It was distantly followed by Canada (X tons), comprising a X% share of total exports.

Exports from the U.S. decreased at an average annual rate of -X% from 2007 to 2020. Canada (-X%) illustrated a downward trend over the same period. Canada (+X p.p.) significantly strengthened its position in terms of the total exports, while the U.S. saw its share reduced by -X% from 2007 to 2020, respectively.

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

In the U.S., frozen salmonoids exports shrank by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

The frozen salmonoids export price in Northern America stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2014; however, from 2015 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 the U.S. ($X per ton), while Canada stood at $X per ton.

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

Frozen Salmonoids Imports

Imports in Northern America

After three years of growth, overseas purchases of frozen salmonoids decreased by -X% to X tons in 2020. Over the period under review, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen salmonoids imports reduced remarkably to $X in 2020. In general, imports recorded a significant decline. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Canada represented the main importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by the U.S. (X tons), constituting an X% share of total imports. Bermuda (X tons) and Greenland (X tons) took a minor share of total imports.

Canada experienced a relatively flat trend pattern with regard to volume of imports of frozen salmonoids. At the same time, Greenland (+X%) and Bermuda (+X%) displayed positive paces of growth. Moreover, Greenland emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. While the share of Canada (+X p.p.), Bermuda (+X p.p.) and Greenland (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of the U.S. (-X p.p.) displayed negative dynamics.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Canada was relatively modest. In the other countries, the average annual rates were as follows: the U.S. (-X% per year) and Bermuda (+X% per year).

Import Prices by Country

The frozen salmonoids import price in Northern America stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the import price saw a pronounced contraction. The growth pace was the most rapid in 2019 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2010; however, from 2011 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 Greenland ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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