U.S.: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in the U.S.

The U.S. battered fish fillet market was estimated at $X in 2021, surging by 3.2% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +10.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.5% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in the U.S.

In value terms, battered fish fillet production stood at $X in 2021. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 42% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from the U.S.

In 2021, overseas shipments of fish fillets in batter or breadcrumbs were finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 20%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, battered fish fillet exports rose notably to $X in 2021. Overall, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for battered fish fillet exports from the United States, with a 80% share of total exports. Moreover, battered fish fillet exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), sevenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.0% per year) and Taiwan (Chinese) (+8.4% per year).

In value terms, Canada ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from the United States, comprising 83% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.7% share of total exports. It was followed by Taiwan (Chinese), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+15.0% per year) and Taiwan (Chinese) (+8.7% per year).

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, rising by 5.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2017 an increase of 18%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($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 Mexico (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into the U.S.

In 2021, approx. X tons of fish fillets in batter or breadcrumbs were imported into the United States; declining by -13% compared with 2020 figures. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2016 with an increase of 52% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, battered fish fillet imports shrank to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.7% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 36%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), Canada (X tons) and China (X tons) were the main suppliers of battered fish fillet imports to the United States, with a combined 66% share of total imports. Thailand, the Philippines, Indonesia and Israel lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +129.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Vietnam ($X) and China ($X) constituted the largest battered fish fillet suppliers to the United States, with a combined 65% share of total imports. These countries were followed by Thailand, the Philippines, Israel and Indonesia, which together accounted for a further 20%.

Indonesia, with a CAGR of +117.0%, 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 battered fish fillet import price stood at $X per ton in 2021, increasing by 7% against the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8.2%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :