Northern America: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Northern America

The North American market for herring, salted or in brine soared to $X in 2022, growing by 22% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; afterwards, it flattened through to 2022.

Production of Herring, Salted Or In Brine in Northern America

In value terms, herring, salted or in brine production expanded to $X in 2022 estimated in export price. In general, production showed a pronounced decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by 65% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Herring, Salted Or In Brine

Exports in Northern America

In 2022, the amount of herring, salted or in brine exported in Northern America rose modestly to X tons, with an increase of 4.8% compared with 2021 figures. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 677%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, herring, salted or in brine exports expanded remarkably to $X in 2022. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 457%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada dominates exports structure, recording X tons, which was near 98% of total exports in 2022. The United States (X tons) followed a long way behind the leaders.

Canada was also the fastest-growing in terms of the herring, salted or in brine exports, with a CAGR of +19.3% from 2012 to 2022. At the same time, the United States (+3.5%) displayed positive paces of growth. Canada (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -5.6% from 2012 to 2022, respectively.

In value terms, Canada ($X) remains the largest herring, salted or in brine supplier in Northern America, comprising 92% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.4% share of total exports.

In Canada, herring, salted or in brine exports expanded at an average annual rate of +13.0% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, growing by 2.1% against the previous year. In general, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 30% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%).

Imports of Herring, Salted Or In Brine

Imports in Northern America

In 2022, approx. X tons of herring, salted or in brine were imported in Northern America; increasing by 38% on the year before. Total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 80%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, herring, salted or in brine imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a noticeable shrinkage. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the key importer of herring, salted or in brine in Northern America, with the volume of imports reaching X tons, which was near 65% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 35% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +4.3%).

In value terms, the largest herring, salted or in brine importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of -4.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, picking up by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-2.6%).

Source: IndexBox Platform

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