Northern America: Preserved Salmon Market 2024

Preserved Salmon Market Size in Northern America

In 2021, the North American preserved salmon market increased by 6.8% to $X, rising for the sixth year in a row after three years of decline. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +97.4% against 2015 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the near future.

Preserved Salmon Production in Northern America

In value terms, preserved salmon production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined modestly in the following year.

Preserved Salmon Exports

Exports in Northern America

In 2021, preserved salmon exports in Northern America fell sharply to X tons, which is down by -24.2% against the previous year's figure. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, preserved salmon exports reduced rapidly to $X in 2021. In general, exports saw a noticeable setback. The growth pace was the most rapid in 2020 when exports increased by 19%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States represented the key exporter of salmon (prepared or preserved) in Northern America, with the volume of exports amounting to X tons, which was near 82% of total exports in 2021. It was distantly followed by Canada (X tons), generating an 18% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to preserved salmon exports from the United States stood at -8.1%. Canada (-5.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +3.1 percentage points.

In value terms, the United States ($X) remains the largest preserved salmon supplier in Northern America, comprising 78% of total exports. The second position in the ranking was held by Canada ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at -3.9%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 2.1% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved salmon export price increased by +58.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%).

Preserved Salmon Imports

Imports in Northern America

In 2021, the amount of salmon (prepared or preserved) imported in Northern America stood at X tons, approximately mirroring 2020. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved salmon imports amounted to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 24%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the United States (X tons) and Canada (X tons) was the main importer of salmon (prepared or preserved) in Northern America, comprising 100% of total import.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +7.8%).

In value terms, the largest preserved salmon importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +7.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.8%).

Source: IndexBox Platform

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