Canada: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Canada

The Canadian fish meals and pellet market soared to $X in 2021, with an increase of 80% against the previous year. Overall, consumption, however, saw a deep slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish in Canada

In value terms, fish meals and pellet production stood at $X in 2021 estimated in export price. In general, production saw a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 37%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Canada

In 2021, shipments abroad of flours, meals and pellets of fish was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 56%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, fish meals and pellet exports rose to $X in 2021. Over the period under review, exports, however, recorded a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of 56% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for fish meals and pellet exports from Canada, with a 60% share of total exports. Moreover, fish meals and pellet exports to Japan exceeded the volume sent to the second major destination, China (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.8% per year) and the United States (+10.2% per year).

In value terms, Japan ($X) remains the key foreign market for flours, meals and pellets of fish exports from Canada, comprising 61% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports. It was followed by the United States, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-13.2% per year) and the United States (+0.9% per year).

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, shrinking by -5.7% against the previous year. Overall, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12%. 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.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 France (+27.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours, Meals And Pellets Of Fish

Imports into Canada

In 2021, fish meals and pellet imports into Canada fell notably to X tons, dropping by -27.7% on 2020 figures. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 405% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fish meals and pellet imports surged to $X in 2021. In general, imports showed a slight downturn. The pace of growth was the most pronounced in 2020 when imports increased by 164% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of fish meals and pellet to Canada, accounting for a 60% share of total imports. Moreover, fish meals and pellet imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by Ghana (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +41.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.6% per year) and Ghana (+87.7% per year).

In value terms, the United States ($X) constituted the largest supplier of flours, meals and pellets of fish to Canada, comprising 76% of total imports. The second position in the ranking was held by Iceland ($X), with a 6.8% share of total imports. It was followed by China, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Iceland (-2.2% per year) and China (-15.3% per year).

Import Prices by Country

In 2021, the average fish meals and pellet import price amounted to $X per ton, rising by 147% against the previous year. In general, the import price enjoyed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Iceland ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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