Northern America: Frozen Freshwater Fish Market 2025

Frozen Freshwater Fish Market Size in Northern America

In 2021, the North American frozen freshwater fish market increased by 15% to $X, rising for the fifth consecutive year after three years of decline. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.9% against 2016 indices. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Frozen Freshwater Fish Production in Northern America

In value terms, frozen freshwater fish production amounted to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 decreased by -2.2% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 25%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Frozen Freshwater Fish Exports

Exports in Northern America

For the third year in a row, Northern America recorded decline in shipments abroad of frozen freshwater fish, which decreased by -3.2% to X tons in 2021. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 8.6%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen freshwater fish exports declined modestly to $X in 2021. Overall, exports saw a perceptible decrease. The growth pace was the most rapid in 2018 when exports increased by 6.1% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States represented the main exporter of frozen freshwater fish in Northern America, with the volume of exports resulting at X tons, which was near 90% of total exports in 2021. It was distantly followed by Canada (X tons), mixing up a 10% share of total exports.

The United States was also the fastest-growing in terms of the frozen freshwater fish exports, with a CAGR of -5.4% from 2012 to 2021. Canada (-9.9%) illustrated a downward trend over the same period. While the share of the United States (+4.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-4.9 p.p.) displayed negative dynamics.

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

In the United States, frozen freshwater fish exports shrank by an average annual rate of -4.2% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the export price increased by 14%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.4%).

Frozen Freshwater Fish Imports

Imports in Northern America

For the fourth year in a row, Northern America recorded growth in purchases abroad of frozen freshwater fish, which increased by 11% to X tons in 2021. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 13%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, frozen freshwater fish imports skyrocketed to $X in 2021. The total import 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States dominates imports structure, finishing at X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up a 9% share of total imports.

The United States was also the fastest-growing in terms of the frozen freshwater fish imports, with a CAGR of +4.2% from 2012 to 2021. Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +2.8 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported frozen freshwater fish in Northern America, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +4.4%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 5.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 9.6% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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 Canada (+2.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :