Northern America: Frozen Catfish Market 2022

Frozen Catfish Market Size in Northern America

In 2020, the North American frozen catfish market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a significant expansion. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is likely to continue growth in years to come.

Frozen Catfish Production in Northern America

In value terms, frozen catfish production declined slightly to $X in 2011 estimated in export prices. Over the period under review, production showed a noticeable setback. The growth pace was the most rapid in 2008 with a decrease of -X% y-o-y. The level of production peaked at $X in 2007; however, from 2008 to 2011, production failed to regain the momentum.

Production By Country in Northern America

The country with the largest volume of frozen catfish production was the U.S. (X tons), accounting for X% of total volume.

In the U.S., frozen catfish production shrank by an average annual rate of -X% over the period from 2007-2011.

Frozen Catfish Exports

Exports in Northern America

Frozen catfish exports declined sharply to X tons in 2020, which is down by -X% compared with the previous year's figure. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen catfish exports fell sharply to $X in 2020. Over the period under review, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. The level of export peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, the U.S. (X tons) was the key exporter of frozen catfish, constituting X% of total exports. It was distantly followed by Canada (X tons), achieving a X% share of total exports.

The U.S. was also the fastest-growing in terms of the frozen catfish exports, with a CAGR of +X% from 2007 to 2020. Canada (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Canada (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) remains the largest frozen catfish supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in the U.S. stood at -X%.

Export Prices by Country

In 2020, the frozen catfish export price in Northern America amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2013 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Frozen Catfish Imports

Imports in Northern America

In 2020, overseas purchases of frozen catfish increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. The volume of import peaked in 2020 and is expected to retain growth in years to come.

In value terms, frozen catfish imports surged to $X in 2020. In general, imports showed a strong increase. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

Imports by Country

The U.S. was the major importer of frozen catfish in Northern America, with the volume of imports accounting for X tons, which was near X% of total imports in 2020. It was distantly followed by Canada (X tons), mixing up a X% share of total imports.

The U.S. was also the fastest-growing in terms of the frozen catfish imports, with a CAGR of +X% from 2007 to 2020. At the same time, Canada (+X%) displayed positive paces of growth. While the share of the U.S. (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Canada (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) constitutes the largest market for imported frozen catfish in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., frozen catfish imports expanded at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

In 2020, the frozen catfish import price in Northern America amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price recorded a slight decline. The growth pace was the most rapid in 2017 an increase of X% year-to-year. The level of import peaked at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($X per ton), while Canada stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :