Northern America: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in Northern America

The North American market for fresh or chilled salmonoids fillets surged to $X in 2022, growing by 35% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Fillets in Northern America

In value terms, fresh or chilled salmonoids fillets production amounted to $X in 2022 estimated in export price. In general, production, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 14% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in Northern America

In 2022, overseas shipments of fresh or chilled salmonoids fillets increased by 65% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets exports skyrocketed to $X in 2022. Overall, exports saw a slight increase. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) represented roughly 100% of total exports in 2022.

The United States experienced a relatively flat trend pattern with regard to volume of exports of fresh or chilled salmonoids fillets. From 2012 to 2022, the share of the United States increased by +2.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest fresh or chilled salmonoids fillets supplier in Northern America.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +1.4%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2014 an increase of 16%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.6% per year.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in Northern America

In 2022, overseas purchases of fresh or chilled salmonoids fillets increased by 25% to X tons, rising for the second consecutive year after three years of decline. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 191%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, fresh or chilled salmonoids fillets imports surged to $X in 2022. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 152%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) represented the largest importer of fresh or chilled salmonoids fillets, comprising 71% of total imports. It was distantly followed by Canada (X tons), committing a 29% share of total imports.

The United States was also the fastest-growing in terms of the fresh or chilled salmonoids fillets imports, with a CAGR of +24.7% from 2012 to 2022. Canada (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +52 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported fresh or chilled salmonoids fillets in Northern America, comprising 81% of total imports. The second position in the ranking was held by Canada ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +28.2%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by 15% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled salmonoids fillets import price decreased by -6.5% against 2019 indices. The growth pace was the most rapid in 2013 when the import price increased by 27%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.6%).

Source: IndexBox Platform

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