Report Update: Nov 1, 2024

U.S. - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights

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Frozen Fish And Seafood Prices in the United States

U.S. Frozen Fish And Seafood Import Price per Ton in July 2022

In July 2022, the frozen fish and seafood price per ton stood at $9.3K (CIF, US), shrinking by -6.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 19% against the previous month. As a result, import price attained the peak level of $12.3K per ton. From June 2022 to July 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was Canada ($21.0K per ton), while the price for Russia ($2.4K per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Frozen Fish And Seafood Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was frozen crustaceans ($10.6K per ton), while the price for frozen whole fish ($4.8K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by frozen fish meat (+3.6%), while the prices for the other products experienced mixed trend patterns.

U.S. Frozen Fish And Seafood Imports

In August 2022, imports of frozen fish and seafood into the United States dropped slightly to 137K tons, therefore, remained relatively stable against July 2022 figures. Overall, imports showed a mild descent. The pace of growth was the most pronounced in May 2022 with an increase of 22% against the previous month. As a result, imports attained the peak of 162K tons. From June 2022 to August 2022, the growth of imports remained at a lower figure.

In value terms, frozen fish and seafood imports fell to $1.2B (IndexBox estimates) in August 2022. Over the period under review, imports saw a noticeable decline. The pace of growth was the most pronounced in May 2022 when imports increased by 45% against the previous month. As a result, imports reached the peak of $2B. From June 2022 to August 2022, the growth of imports remained at a lower figure.

U.S. Frozen Fish And Seafood Imports by Type

Frozen crustaceans (61K tons), frozen fish fillet (52K tons) and frozen whole fish (14K tons) were the main products of frozen fish and seafood imports to the United States, together accounting for 92% of total imports.

From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by frozen fish fillet (with a CAGR of -0.1%), while imports for the other products experienced a decline.

In value terms, frozen crustaceans ($647M), frozen fish fillet ($441M) and molluscs (scallops, mussels, cuttle fish, squid and octopus) ($73M) constituted the most imported types of frozen fish and seafood in the United States, together accounting for 94% of total imports.

U.S. Frozen Fish And Seafood Imports by Country

China (24K tons), India (20K tons) and Ecuador (19K tons) were the main suppliers of frozen fish and seafood imports to the United States, together accounting for 46% of total imports. Vietnam, Canada, Indonesia, Chile, Argentina, Mexico, Norway, Taiwan (Chinese) and Russia lagged somewhat behind, together comprising a further 41%.

From January 2022 to July 2022, the biggest increases were in Canada (with a CAGR of +22.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood suppliers to the United States were Canada ($222M), India ($173M) and Ecuador ($144M), together accounting for 42% of total imports.

Canada, with a CAGR of +23.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for frozen fish and seafood 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 10201330 - Frozen whole salt water fish
Prodcom 10201360 - Frozen whole fresh water fish
Prodcom 10201400 - Frozen fish fillets
Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
Prodcom 10201600 - Frozen fish livers and roes

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023