Canada: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Canada

The Canadian market for fresh or chilled salmonoids meat rose rapidly to $X in 2022, increasing by 6.4% against the previous year. Overall, consumption, however, faced a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Meat in Canada

In value terms, fresh or chilled salmonoids meat production totaled less than $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 761%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from Canada

In 2022, overseas shipments of fresh or chilled salmonoids meat increased by 14% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2018 when exports increased by 660% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat exports surged to $X in 2022. Overall, exports, however, continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2018 when exports increased by 767%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for fresh or chilled salmonoids meat exports from Canada, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -20.1%.

In value terms, the United States ($X) also remains the key foreign market for fresh or chilled salmonoids meat exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -28.7%.

Export Prices by Country

In 2022, the average export price for fresh or chilled salmonoids meat amounted to $X per ton, surging by 3.8% against the previous year. Over the period under review, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -10.7% per year.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into Canada

In 2022, purchases abroad of fresh or chilled salmonoids meat increased by 36% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2021 when imports increased by 337%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids meat imports skyrocketed to $X in 2022. Overall, imports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2014 with an increase of 322%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Chile (X tons) and Iceland (X tons) were the main suppliers of fresh or chilled salmonoids meat imports to Canada, with a combined 92% share of total imports. New Zealand, Ireland and Norway lagged somewhat behind, together comprising a further 7.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +1,190.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), the United States ($X) and Iceland ($X) appeared to be the largest fresh or chilled salmonoids meat suppliers to Canada, together comprising 91% of total imports. Ireland, New Zealand and Norway lagged somewhat behind, together accounting for a further 9.1%.

Among the main suppliers, New Zealand, with a CAGR of +1,944.2%, 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 2022, the average import price for fresh or chilled salmonoids meat amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 when the average import price increased by 22%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+58.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :