Canada: Market for Dried Or Salted Fish 2025

Market Size for Dried Or Salted Fish in Canada

The Canadian dried or salted fish market declined to $X in 2021, falling by -6.2% against the previous year. In general, consumption showed a deep setback. The pace of growth appeared the most rapid in 2016 when the market value increased by 2.1%. Dried or salted fish consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Salted Fish in Canada

In value terms, dried or salted fish production rose markedly to $X in 2021 estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by 9.7%. Dried or salted fish production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports from Canada

For the third consecutive year, Canada recorded growth in overseas shipments of dried or salted fish, which increased by 4.9% to X tons in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dried or salted fish exports amounted to $X in 2021. Overall, exports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of 9.1% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Haiti (X tons) and Trinidad and Tobago (X tons) were the main destinations of dried or salted fish exports from Canada, together accounting for 86% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Haiti (with a CAGR of +11.1%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for dried or salted fish exports from Canada, comprising 71% of total exports. The second position in the ranking was taken by Haiti ($X), with a 9.2% share of total exports. It was followed by Trinidad and Tobago, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+3.2% per year) and Trinidad and Tobago (-13.9% per year).

Export Prices by Country

The average dried or salted fish export price stood at $X per ton in 2021, which is down by -4% against the previous year. Overall, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.4%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Salted Fish

Imports into Canada

In 2021, purchases abroad of dried or salted fish decreased by -25.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports saw a perceptible setback. The pace of growth was the most pronounced in 2015 with an increase of 20%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted markedly in the following year.

In value terms, dried or salted fish imports shrank notably to $X in 2021. Over the period under review, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2015 when imports increased by 26% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Norway (X tons) constituted the largest dried or salted fish supplier to Canada, with a 45% share of total imports. Moreover, dried or salted fish imports from Norway exceeded the figures recorded by the second-largest supplier, Iceland (X tons), twofold. The third position in this ranking was held by China (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Iceland (+0.3% per year) and China (-10.8% per year).

In value terms, Norway ($X), Iceland ($X) and China ($X) constituted the largest dried or salted fish suppliers to Canada, together accounting for 69% of total imports.

Among the main suppliers, Norway, with a CAGR of +5.6%, 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

In 2021, the average dried or salted fish import price amounted to $X per ton, growing by 12% against the previous year. Overall, the import price, however, showed a pronounced downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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