U.S.: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in the U.S.

The U.S. fish meals and pellet market rose modestly to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Fish meals and pellet consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish in the U.S.

In value terms, fish meals and pellet production totaled $X in 2022. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from the U.S.

In 2022, fish meals and pellet exports from the United States reduced markedly to X tons, dropping by X% against the previous year. Over the period under review, exports faced a dramatic contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fish meals and pellet exports surged to $X in 2022. Overall, exports saw a deep setback. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for fish meals and pellet exports from the United States, with a X% share of total exports. Moreover, fish meals and pellet exports to Japan exceeded the volume sent to the second major destination, Estonia (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Brazil (X% per year).

In value terms, Japan ($X) remains the key foreign market for flours, meals and pellets of fish exports from the United States, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average fish meals and pellet export price amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Brazil ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish

Imports into the U.S.

In 2022, fish meals and pellet imports into the United States fell significantly to X tons, which is down by X% on the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, fish meals and pellet imports contracted slightly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tons), South Korea (X tons) and Iceland (X tons) were the main suppliers of fish meals and pellet imports to the United States, with a combined X% share of total imports. Denmark, Norway, the UK, France, Canada, China, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), South Korea ($X) and Denmark ($X) constituted the largest fish meals and pellet suppliers to the United States, together accounting for X% of total imports.

Among the main suppliers, Denmark, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fish meals and pellet import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :