Canada: Frozen Catfish Market 2022

Frozen Catfish Market Size in Canada

The Canadian frozen catfish market totaled $X in 2020, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Frozen Catfish Exports

Exports from Canada

In 2020, overseas shipments of frozen catfish increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen catfish exports stood at $X in 2020. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Vietnam (X tons) was the main destination for frozen catfish exports from Canada, with a X% share of total exports. Moreover, frozen catfish exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), sixfold.

From 2007 to 2020, the average annual growth rate of volume to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Hong Kong SAR (-X% per year).

In value terms, Vietnam ($X) remains the key foreign market for frozen catfish exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Vietnam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and China (-X% per year).

Export Prices by Country

In 2020, the average frozen catfish export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Catfish Imports

Imports into Canada

In 2020, the amount of frozen catfish imported into Canada rose to X tons, picking up by X% against the previous year's figure. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Imports peaked at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, frozen catfish imports reduced modestly to $X in 2020. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Vietnam (X tons) constituted the largest supplier of frozen catfish to Canada, accounting for a X% share of total imports. Moreover, frozen catfish imports from Vietnam exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold. The third position in this ranking was occupied by Thailand (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Thailand (+X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish to Canada, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The average frozen catfish import price stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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