U.S.: Smoked Herring Market 2024

Smoked Herring Market Size in the U.S.

The U.S. smoked herring market dropped slightly to $X in 2022, reducing by X% against the previous year. In general, consumption showed a noticeable downturn. Smoked herring consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Smoked Herring Production in the U.S.

In value terms, smoked herring production declined to $X in 2022. In general, production showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Smoked Herring Exports

Exports from the U.S.

In 2022, overseas shipments of smoked herrings increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports showed a temperate increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, smoked herring exports surged to $X in 2022. In general, exports saw a moderate increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Jamaica (X tons) and Aruba (X kg) were the main destinations of smoked herring exports from the United States, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for smoked herring exported from the United States were Jamaica ($X), Canada ($X) and Aruba ($X), with a combined X% share of total exports.

Jamaica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 smoked herring export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Canada ($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 Venezuela (X%), while the prices for the other major destinations experienced mixed trend patterns.

Smoked Herring Imports

Imports into the U.S.

After three years of growth, supplies from abroad of smoked herrings decreased by X% to X tons in 2022. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume 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 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, smoked herring imports rose remarkably to $X in 2022. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Canada (X tons) constituted the largest smoked herring supplier to the United States, with a X% share of total imports. Moreover, smoked herring imports from Canada exceeded the figures recorded by the second-largest supplier, Sierra Leone (X tons), more than tenfold. The third position in this ranking was held by Guinea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sierra Leone (X% per year) and Guinea (X% per year).

In value terms, Canada ($X) constituted the largest supplier of smoked herrings to the United States, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Sierra Leone, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Sierra Leone (X% per year).

Import Prices by Country

The average smoked herring import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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