Northern America: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Northern America

In 2021, the North American fish meals and pellet market decreased by -3.1% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +15.2% 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 +29.3% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish in Northern America

In value terms, fish meals and pellet production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 67%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports in Northern America

In 2021, approx. X tons of flours, meals and pellets of fish were exported in Northern America; increasing by 4.6% on the year before. Over the period under review, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 67%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, fish meals and pellet exports fell to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States was the key exporter of flours, meals and pellets of fish in Northern America, with the volume of exports resulting at X tons, which was approx. 65% of total exports in 2021. It was distantly followed by Canada (X tons), generating a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of -0.7%).

In value terms, the largest fish meals and pellet supplying countries in Northern America were Canada ($X) and the United States ($X).

Among the main exporting countries, Canada, with a CAGR of -1.8%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, which is down by -11.3% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fish meals and pellet export price increased by +21.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 226%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: 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 (+7.6%).

Imports of Flours, Meals And Pellets Of Fish

Imports in Northern America

In 2021, fish meals and pellet imports in Northern America declined modestly to X tons, shrinking by -3.4% on the previous year's figure. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 96%. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, fish meals and pellet imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Canada was the main importer of flours, meals and pellets of fish in Northern America, with the volume of imports recording X tons, which was near 63% of total imports in 2021. It was distantly followed by the United States (X tons), making up a 36% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of +2.3%).

In value terms, the United States ($X) constitutes the largest market for imported flours, meals and pellets of fish in Northern America, comprising 77% of total imports. The second position in the ranking was taken by Canada ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +1.1%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 132% against the previous year. In general, the import price showed a remarkable increase. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+9.7%).

Source: IndexBox Platform

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