U.S. - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingImport of Preserved Sardines in the United States Declines to $16M in November 2023
U.S. Preserved Sardines Imports
In November 2023, purchases abroad of sardines (prepared or preserved) decreased by -15.7% to 3.3K tons for the first time since July 2023, thus ending a three-month rising trend. Overall, imports showed a perceptible curtailment. The pace of growth was the most pronounced in September 2023 when imports increased by 44% m-o-m.
In value terms, preserved sardines imports fell remarkably to $16M (IndexBox estimates) in November 2023. In general, imports showed a noticeable downturn. The growth pace was the most rapid in September 2023 with an increase of 42% m-o-m.
| COUNTRY | Import Value of Preserved Sardines in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| Morocco | 11.0 | 3.3 | 6.1 | 4.0 | 7.1 | 4.9 | 3.6 | 3.5 | 3.7 | 3.3 | 5.7 | 6.4 | 5.1 |
| Poland | 5.4 | 5.0 | 4.2 | 3.8 | 4.6 | 3.6 | 4.4 | 4.0 | 2.3 | 2.0 | 3.9 | 4.3 | 3.4 |
| Vietnam | 0.3 | 1.3 | 0.4 | 0.2 | 0.3 | 1.4 | 0.5 | 1.0 | 0.6 | 0.8 | 1.5 | 1.5 | 1.4 |
| Thailand | 2.1 | 1.6 | 1.5 | 1.3 | 1.4 | 1.0 | 0.9 | 1.9 | 1.4 | 1.7 | 1.6 | 1.2 | 1.3 |
| Ecuador | 0.7 | 1.8 | 1.2 | 0.9 | 0.9 | 0.9 | 0.9 | 1.4 | 0.4 | 0.9 | 1.3 | 1.6 | 1.2 |
| Canada | 1.0 | 0.6 | 0.9 | 0.3 | 0.9 | 0.6 | 1.3 | 0.8 | 0.9 | 1.2 | 1.0 | 1.3 | 0.9 |
| China | 0.3 | 0.3 | 0.3 | 0.5 | 0.1 | 0.5 | 0.4 | 0.5 | 0.3 | 0.3 | 0.6 | 0.4 | 0.4 |
| Others | 1.5 | 1.9 | 1.2 | 1.4 | 1.9 | 1.8 | 1.6 | 2.0 | 1.8 | 1.8 | 1.5 | 2.0 | 2.0 |
| Total | 22.3 | 15.8 | 15.8 | 12.4 | 17.3 | 14.7 | 13.7 | 15.0 | 11.3 | 12.0 | 17.1 | 18.7 | 15.7 |
Imports by Country
Morocco (782 tons), Poland (550 tons) and Ecuador (535 tons) were the main suppliers of preserved sardines imports to the United States, with a combined 56% share of total imports. Thailand, China, Vietnam and Canada lagged somewhat behind, together accounting for a further 31%.
From November 2022 to November 2023, the biggest increases were in Vietnam (with a CAGR of +11.5%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Morocco ($5.1M), Poland ($3.4M) and Vietnam ($1.4M) appeared to be the largest preserved sardines suppliers to the United States, together accounting for 63% of total imports.
In terms of the main suppliers, Vietnam, with a CAGR of +14.1%, saw 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 November 2023, the preserved sardines price stood at $4,714 per ton (CIF, US), leveling off at the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 22% against the previous month. As a result, import price reached the peak level of $5,147 per ton. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Canada ($9,064 per ton), while the price for China ($1,159 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the preserved sardines market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
