U.S.: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in the U.S.

The U.S. market for frozen, dried and smoked fish totaled $X in 2022, picking up by X% against the previous year. The market 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. Frozen, dried and smoked fish consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Frozen, Dried And Smoked Fish in the U.S.

In value terms, frozen, dried and smoked fish production shrank to $X in 2022. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Frozen, dried and smoked fish production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Frozen, Dried And Smoked Fish

Exports from the U.S.

In 2022, overseas shipments of frozen, dried and smoked fish increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports expanded notably to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of frozen, dried and smoked fish exports from the United States, with a combined X% share of total exports. The Netherlands, Canada, Thailand, Lithuania, France, Germany, Spain, Vietnam and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen, dried and smoked fish exported from the United States were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total exports. The Netherlands, Canada, France, Thailand, Lithuania, Germany, Spain, Vietnam and Ukraine lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Ukraine ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into the U.S.

In 2022, overseas purchases of frozen, dried and smoked fish decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped slightly in the following year.

In value terms, frozen, dried and smoked fish imports expanded to $X in 2022. Over the period under review, total imports 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), India (X tons) and Vietnam (X tons) were the main suppliers of frozen, dried and smoked fish imports to the United States, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Canada ($X) and Ecuador ($X) were the largest frozen, dried and smoked fish suppliers to the United States, together comprising X% of total imports. Indonesia, China, Vietnam, Chile, Russia, Norway, Argentina, Mexico, Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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