Canada: Market for Dried Or Smoked Fish 2025

Market Size for Dried Or Smoked Fish in Canada

The Canadian dried or smoked fish market fell to $X in 2021, waning by -7% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when the market value increased by 4.1%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Dried Or Smoked Fish in Canada

In value terms, dried or smoked fish production stood at $X in 2021 estimated in export price. Overall, production recorded a deep contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Smoked Fish

Exports from Canada

In 2021, approx. X tons of dried or smoked fish were exported from Canada; approximately reflecting 2020 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, dried or smoked fish exports totaled $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 9.9% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The Dominican Republic (X tons), the United States (X tons) and Haiti (X tons) were the main destinations of dried or smoked fish exports from Canada, together comprising 80% of total exports. Trinidad and Tobago, Japan, Spain and Jamaica lagged somewhat behind, together accounting for a further 9%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for dried or smoked fish exports from Canada, comprising 44% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 20% share of total exports. It was followed by Haiti, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+3.3% per year) and Haiti (+4.4% per year).

Export Prices by Country

In 2021, the average dried or smoked fish export price amounted to $X per ton, increasing by 3.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Haiti ($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 Dominican Republic (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Or Smoked Fish

Imports into Canada

After five years of growth, supplies from abroad of dried or smoked fish decreased by -19.3% to X tons in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then declined notably in the following year.

In value terms, dried or smoked fish imports totaled $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 16%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Norway (X tons), China (X tons) and Iceland (X tons) were the main suppliers of dried or smoked fish imports to Canada, with a combined 62% share of total imports. The United States, Lithuania, Portugal, Vietnam, Faroe Islands and Poland lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +88.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), China ($X) and Lithuania ($X) appeared to be the largest dried or smoked fish suppliers to Canada, with a combined 61% share of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of +107.7%, recorded 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 smoked fish import price amounted to $X per ton, surging by 24% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 74%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average 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 Lithuania ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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