U.S.: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in the U.S.

After five years of growth, the U.S. market for caviar (salmon) and caviar substitutes decreased by -2.9% to $X in 2021. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 +50.0% against 2014 indices. As a result, consumption reached the peak level of $X, and then shrank modestly in the following year.

Production of Caviar (Salmon) And Caviar Substitutes in the U.S.

In value terms, caviar (salmon) and caviar substitutes production contracted to $X in 2021. Overall, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 increased by +36.6% against 2014 indices. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from the U.S.

In 2021, shipments abroad of caviar (salmon) and caviar substitutes decreased by -4.5% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 81% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes exports reduced sharply to $X in 2021. Over the period under review, exports, however, showed modest growth. The pace of growth appeared the most rapid in 2014 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons), Germany (X tons) and Sweden (X tons) were the main destinations of caviar (salmon) and caviar substitutes exports from the United States, with a combined 48% share of total exports. Israel, Canada, Japan, Mexico, Denmark, France and Lithuania lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +46.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Germany ($X) and Israel ($X) constituted the largest markets for caviar (salmon) and caviar substitutes exported from the United States worldwide, with a combined 52% share of total exports. Sweden, Canada, Denmark, Mexico, Japan, France and Lithuania lagged somewhat behind, together comprising a further 40%.

Denmark, with a CAGR of +44.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, reducing by -11.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 30%. The export price peaked at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into the U.S.

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were imported into the United States; picking up by 80% against the previous year. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2021. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons), Iceland (X tons) and South Korea (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to the United States, together accounting for 62% of total imports. These countries were followed by Japan, China, Belarus, the Netherlands and Canada, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (salmon) and caviar substitutes suppliers to the United States were Taiwan (Chinese) ($X), Iceland ($X) and Japan ($X), together accounting for 67% of total imports. South Korea, China, the Netherlands, Canada and Belarus lagged somewhat behind, together comprising a further 26%.

The Netherlands, with a CAGR of +41.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, surging by 15% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, caviar (salmon) and caviar substitutes import price increased by +54.1% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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