Canada: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in Canada

The Canadian market for fresh or chilled salmonoids fillets skyrocketed to $X in 2022, with an increase of 50% against the previous year. Overall, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Fresh or chilled salmonoids fillets consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Fillets in Canada

In value terms, fresh or chilled salmonoids fillets production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible contraction. The growth pace was the most rapid in 2015 when the production volume increased by 20%. Fresh or chilled salmonoids fillets production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports from Canada

For the third year in a row, Canada recorded decline in overseas shipments of fresh or chilled salmonoids fillets, which decreased by -25.6% to X kg in 2022. Over the period under review, exports showed a sharp slump. The growth pace was the most rapid in 2016 with an increase of 79% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets exports declined remarkably to $X in 2022. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 92% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for fresh or chilled salmonoids fillets exports from Canada, with a 89% share of total exports. Moreover, fresh or chilled salmonoids fillets exports to the United States exceeded the volume sent to the second major destination, France (X kg), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -26.2%.

In value terms, the United States ($X) remains the key foreign market for fresh or chilled salmonoids fillets exports from Canada, comprising 96% of total exports. The second position in the ranking was held by France ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -24.8%.

Export Prices by Country

The average export price for fresh or chilled salmonoids fillets stood at $X per ton in 2022, waning by -1.8% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled salmonoids fillets export price increased by +81.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.0%).

Imports of Fresh Or Chilled Salmonoids Fillets

Imports into Canada

In 2022, purchases abroad of fresh or chilled salmonoids fillets increased by 49% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, saw a mild decrease. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets imports skyrocketed to $X in 2022. Overall, imports recorded moderate growth. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main fresh or chilled salmonoids fillets supplier to Canada, with a 95% share of total imports. Moreover, fresh or chilled salmonoids fillets imports from the United States exceeded the figures recorded by the second-largest supplier, Iceland (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -1.3%.

In value terms, the United States ($X) constituted the largest supplier of fresh or chilled salmonoids fillets to Canada, comprising 88% of total imports. The second position in the ranking was held by Iceland ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +3.2%.

Import Prices by Country

In 2022, the average import price for fresh or chilled salmonoids fillets amounted to $X per ton, increasing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iceland ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.5%).

Source: IndexBox Platform

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