Canada: Frozen Eels Market 2022

Frozen Eels Market Size in Canada

The Canadian frozen eels market soared to $X in 2020, growing by X% against 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). Over the period under review, consumption recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Frozen eels consumption peaked in 2020 and is expected to retain growth in years to come.

Frozen Eels Exports

Exports from Canada

Frozen eels exports from Canada shrank rapidly to X tons in 2020, waning by -X% compared with the previous year. In general, exports showed a abrupt descent. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen eels exports declined notably to $X in 2020. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2014 to 2020, the growth exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for frozen eels exports from Canada, with a X% share of total exports. Moreover, frozen eels exports to South Korea exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was occupied by the UK (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to South Korea amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and the UK (-X% per year).

In value terms, South Korea ($X) remains the key foreign market for frozen eels exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to South Korea stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-X% per year) and the U.S. (-X% per year).

Export Prices by Country

The average frozen eels export price stood at $X per ton in 2020, jumping by X% against the previous year. Overall, export price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Poland ($X per ton), while the average price for exports to Hong Kong SAR ($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 South Korea, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Eels Imports

Imports into Canada

In 2020, supplies from abroad of frozen eels decreased by -X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen eels imports shrank significantly to $X in 2020. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest frozen eels supplier to Canada, accounting for a X% share of total imports. Moreover, frozen eels imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), sevenfold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Indonesia (+X% per year).

In value terms, China ($X) constituted the largest supplier of frozen eels to Canada, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Malaysia (X% per year).

Import Prices by Country

The average frozen eels import price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia (+X% per year), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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