Canada: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Canada

In 2021, the Canadian meat and fish extracts market decreased by -32.6% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Canada

In value terms, meat and fish extracts production fell notably to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by 140%. Meat and fish extracts production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from Canada

Meat and fish extracts exports from Canada skyrocketed to X tons in 2021, picking up by 376% on 2020 figures. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, meat and fish extracts exports surged to $X in 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 439%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Belgium (X tons), the United States (X tons) and the UK (X tons) were the main destinations of meat and fish extracts exports from Canada, together accounting for 98% 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 Belgium (with a CAGR of +83.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for extracts and juices of meat, fish, crustaceans and molluscs exports from Canada, comprising 85% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by the UK, with a 0.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +70.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+88.1% per year) and the UK (+11.0% per year).

Export Prices by Country

The average meat and fish extracts export price stood at $X per ton in 2021, falling by -68.9% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 210% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then fell markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 Cuba (+43.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into Canada

In 2021, after four years of decline, there was significant growth in purchases abroad of extracts and juices of meat, fish, crustaceans and molluscs, when their volume increased by 10% to X tons. Over the period under review, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 20%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, meat and fish extracts imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest meat and fish extracts supplier to Canada, with a 65% share of total imports. Moreover, meat and fish extracts imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+75.9% per year) and Thailand (-2.4% per year).

In value terms, the United States ($X) constituted the largest supplier of extracts and juices of meat, fish, crustaceans and molluscs to Canada, comprising 82% of total imports. The second position in the ranking was held by Belgium ($X), with a 6.4% share of total imports. It was followed by Denmark, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+64.6% per year) and Denmark (+911.8% per year).

Import Prices by Country

In 2021, the average meat and fish extracts import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2019 an increase of 12% against the previous year. The import price peaked at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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