Northern America: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Northern America

In 2023, after four years of growth, there was significant decline in the North American frozen whole fish market, when its value decreased by X% to $X. In general, consumption, however, showed a prominent expansion. The level of consumption peaked at $X in 2022, and then fell in the following year.

Frozen Whole Fish Production in Northern America

In value terms, frozen whole fish production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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Frozen Whole Fish Exports

Exports in Northern America

After two years of growth, shipments abroad of frozen whole fish decreased by X% to X tons in 2023. Over the period under review, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, frozen whole fish exports shrank to $X in 2023. Overall, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, the United States (X tons) was the key exporter of frozen whole fish, achieving X% of total exports. It was distantly followed by Canada (X tons), achieving an X% share of total exports.

The United States was also the fastest-growing in terms of the frozen whole fish exports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest frozen whole fish supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States totaled X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then fell in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Frozen Whole Fish Imports

Imports in Northern America

In 2023, imports of frozen whole fish in Northern America contracted to X tons, reducing by X% on the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, frozen whole fish imports dropped sharply to $X in 2023. Total imports indicated a measured 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then declined remarkably in the following year.

Imports by Country

The United States was the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Canada (X tons), mixing up a X% share of total imports.

The United States was also the fastest-growing in terms of the frozen whole fish imports, with a CAGR of X% from 2012 to 2023. Canada experienced a relatively flat trend pattern. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported frozen whole fish in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, frozen whole fish imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, with a decrease of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform