U.S.: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in the U.S.

The U.S. fresh or chilled anchovies market declined to $X in 2021, reducing by -10.4% against the previous year. In general, consumption, however, showed a remarkable increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Fresh Or Chilled Anchovies in the U.S.

In value terms, fresh or chilled anchovies production stood at less than $X in 2021. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume decreased by 99.9% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Anchovies

Exports from the U.S.

After two years of decline, overseas shipments of fresh or chilled anchovieses increased by 10% to X tons in 2021. Overall, exports, however, continue to indicate a sharp setback. The growth pace was the most rapid in 2017 when exports increased by 412% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, fresh or chilled anchovies exports rose slightly to $X in 2021. Over the period under review, exports, however, recorded a sharp descent. The pace of growth was the most pronounced in 2017 with an increase of 325% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for fresh or chilled anchovies exports from the United States, accounting for a 47% share of total exports. Moreover, fresh or chilled anchovies exports to Australia exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.4% per year) and the UK (0.0% per year).

In value terms, Australia ($X) emerged as the key foreign market for fresh or chilled anchovieses exports from the United States, comprising 50% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Mexico (+5.3% per year).

Export Prices by Country

In 2021, the average fresh or chilled anchovies export price amounted to $X per ton, waning by -7.9% against the previous year. In general, the export price showed a pronounced decline. The growth pace was the most rapid in 2020 when the average export price increased by 21%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to New Zealand ($X per ton) and Nicaragua ($X per ton), while the average price for exports to Mexico ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-2.8%), while the prices for the other major destinations experienced a decline.

Imports of Fresh Or Chilled Anchovies

Imports into the U.S.

After four years of growth, supplies from abroad of fresh or chilled anchovieses decreased by -10% to X tons in 2021. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,037% against the previous year. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, fresh or chilled anchovies imports reduced to $X in 2021. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 1,097%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest fresh or chilled anchovies supplier to the United States, with a 78% share of total imports. Moreover, fresh or chilled anchovies imports from Argentina exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold. The third position in this ranking was held by Iceland (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina stood at +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+11.2% per year) and Iceland (0.0% per year).

In value terms, the largest fresh or chilled anchovies suppliers to the United States were Argentina ($X), Canada ($X) and Iceland ($X), with a combined 94% share of total imports.

Argentina, with a CAGR of +46.4%, 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

In 2021, the average fresh or chilled anchovies import price amounted to $X per ton, with an increase of 4.8% against the previous year. In general, the import price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 42%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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