Canada: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Canada

In 2021, the Canadian frozen fish meat market decreased by -25.6% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a perceptible slump. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Frozen Fish Meat Production in Canada

In value terms, frozen fish meat production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 76% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Frozen Fish Meat Exports

Exports from Canada

In 2021, the amount of frozen fish meat exported from Canada soared to X tons, surging by 54% against the previous year. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 153%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, frozen fish meat exports surged to $X in 2021. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 229%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for frozen fish meat exports from Canada, accounting for a 39% share of total exports. Moreover, frozen fish meat exports to the United States exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. France (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+14.7% per year) and France (+33.1% per year).

In value terms, the largest markets for frozen fish meat exported from Canada were the United States ($X), the UK ($X) and France ($X), with a combined 71% share of total exports. Ukraine, Poland, Spain, Germany, China, Bulgaria, Nigeria, South Africa and Vietnam lagged somewhat behind, together comprising a further 25%.

Spain, with a CAGR of +1,125.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen fish meat export price amounted to $X per ton, surging by 7% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 30% 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 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 Nigeria (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fish Meat Imports

Imports into Canada

After three years of growth, supplies from abroad of frozen fish meat decreased by -6.6% to X tons in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 12% against the previous year. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, frozen fish meat imports stood at $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest frozen fish meat supplier to Canada, accounting for a 42% share of total imports. Moreover, frozen fish meat imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Vietnam (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.0% per year) and Vietnam (+4.2% per year).

In value terms, China ($X) constituted the largest supplier of frozen fish meat to Canada, comprising 40% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by Vietnam, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.5% per year) and Vietnam (+12.3% per year).

Import Prices by Country

The average frozen fish meat import price stood at $X per ton in 2021, rising by 8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2017 when the average import price increased by 28%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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