Northern America: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Northern America

After five years of growth, the North American market for caviar (salmon) and caviar substitutes decreased by -1.6% to $X in 2021. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.1% against 2015 indices. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Production of Caviar (Salmon) And Caviar Substitutes in Northern America

In value terms, caviar (salmon) and caviar substitutes production contracted to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +58.7% against 2015 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in Northern America

In 2021, overseas shipments of caviar (salmon) and caviar substitutes decreased by -6.1% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 with an increase of 67% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes exports shrank markedly to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 62%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, finishing at X tons, which was approx. 98% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of caviar (salmon) and caviar substitutes. Canada (-29.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +28 percentage points.

In value terms, the United States ($X) remains the largest caviar (salmon) and caviar substitutes supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +1.2%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, declining by -11.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+19.4%).

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in Northern America

In 2021, the amount of caviar (salmon) and caviar substitutes imported in Northern America surged to X tons, growing by 85% compared with the previous year. Overall, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes imports surged to $X in 2021. In general, imports recorded prominent growth. 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 about X tons, which amounted to 87% of total imports. It was distantly followed by Canada (X tons), mixing up a 13% share of total imports.

The United States was also the fastest-growing in terms of the caviar (salmon) and caviar substitutes imports, with a CAGR of +10.2% from 2012 to 2021. At the same time, Canada (+9.3%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported caviar (salmon) and caviar substitutes in Northern America, comprising 86% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +14.3%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2020 when the import price increased by 17% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.8%).

Source: IndexBox Platform

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