Northern America: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Northern America

After five years of growth, the North American caviar (sturgeon) market decreased by -1.3% to $X in 2021. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined modestly in the following year.

Caviar (Sturgeon) Production in Northern America

In value terms, caviar (sturgeon) production amounted to $X in 2021 estimated in export price. Overall, production, however, saw strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 102%. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2021.

Caviar (Sturgeon) Exports

Exports in Northern America

In 2021, overseas shipments of caviar (sturgeon) decreased by -19.2% to X tons, falling for the fifth consecutive year after three years of growth. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 65%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, caviar (sturgeon) exports declined to $X in 2021. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 42%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States was the main exporting country with an export of around X tons, which resulted at 70% of total exports. It was distantly followed by Canada (X tons), achieving a 30% share of total exports.

The United States was also the fastest-growing in terms of the caviar (sturgeon) exports, with a CAGR of -13.1% from 2012 to 2021. Canada (-16.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +7.5 percentage points.

In value terms, the United States ($X) remains the largest caviar (sturgeon) supplier in Northern America, comprising 76% of total exports. The second position in the ranking was held by Canada ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to -6.2%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, rising by 14% against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.0%).

Caviar (Sturgeon) Imports

Imports in Northern America

Caviar (sturgeon) imports surged to X tons in 2021, increasing by 82% against the previous year's figure. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 87%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, caviar (sturgeon) imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the largest importing country with an import of around X tons, which amounted to 89% of total imports. It was distantly followed by Canada (X tons), constituting an 11% share of total imports.

The United States was also the fastest-growing in terms of the caviar (sturgeon) imports, with a CAGR of +24.6% from 2012 to 2021. At the same time, Canada (+21.6%) displayed positive paces of growth. The United States (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -2.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported caviar (sturgeon) in Northern America, comprising 91% of total imports. The second position in the ranking was taken by Canada ($X), with an 8.7% share of total imports.

In the United States, caviar (sturgeon) imports expanded at an average annual rate of +19.4% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, growing by 18% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the import price increased by 31% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.2%).

Source: IndexBox Platform

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