Northern America: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Northern America

The North American dried or smoked fish market amounted to $X in 2021, increasing by 1.7% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 decreased by -1.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in Northern America

In value terms, dried or smoked fish production rose slightly to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 decreased by -2.1% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 25% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Dried Or Smoked Fish

Exports in Northern America

In 2021, after two years of growth, there was decline in shipments abroad of dried or smoked fish, when their volume decreased by -1% to X tons. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, dried or smoked fish exports reached $X in 2021. Overall, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 6.8%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Canada (X tons) represented the largest exporter of dried or smoked fish, achieving 89% of total exports. It was distantly followed by the United States (X tons), making up an 11% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of dried or smoked fish. The United States (-19.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +35 percentage points.

In value terms, Canada ($X) remains the largest dried or smoked fish supplier in Northern America, comprising 88% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Canada was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting 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 the United States (+7.2%).

Imports of Dried Or Smoked Fish

Imports in Northern America

In 2021, supplies from abroad of dried or smoked fish decreased by -7.2% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 13% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, dried or smoked fish imports rose notably to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 9.3% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

The United States represented the key importer of dried or smoked fish in Northern America, with the volume of imports resulting at X tons, which was approx. 73% of total imports in 2021. It was distantly followed by Canada (X tons), generating a 26% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of dried or smoked fish. Canada experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported dried or smoked fish in Northern America, comprising 78% of total imports. The second position in the ranking was taken by Canada ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +2.2%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, increasing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 amounted to $X per ton.

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

Source: IndexBox Platform

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