U.S.: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in the U.S.

The U.S. frozen atlantic halibut market dropped remarkably to $X in 2020, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a dramatic slump. Frozen atlantic halibut consumption peaked at $X in 2019, and then reduced remarkably in the following year.

Frozen Atlantic Halibut Exports

Exports from the U.S.

In 2020, frozen atlantic halibut exports from the U.S. shrank significantly to X tons, reducing by -X% against the year before. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut exports shrank remarkably to $X in 2020. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

China (X tons), Canada (X tons) and South Korea (X tons) were the main destinations of frozen atlantic halibut exports from the U.S., with a combined X% share of total exports. Colombia lagged somewhat behind, comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia, while exports for the other leaders experienced a decline.

In value terms, Canada ($X), China ($X) and Colombia ($X) were the largest markets for frozen atlantic halibut exported from the U.S. worldwide, with a combined X% share of total exports.

Among the main countries of destination, Colombia recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average frozen atlantic halibut export price stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Colombia, while the prices for the other major destinations experienced a decline.

Frozen Atlantic Halibut Imports

Imports into the U.S.

Frozen atlantic halibut imports into the U.S. fell significantly to X tons in 2020, waning by -X% against 2019 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. Imports peaked at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, frozen atlantic halibut imports fell dramatically to $X in 2020. Overall, imports saw a mild slump. The pace of growth appeared the most rapid in 2019 when imports increased by X% year-to-year. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Russia (X tons), Canada (X tons) and Denmark (X tons) were the main suppliers of frozen atlantic halibut imports to the U.S., with a combined X% share of total imports. Taiwan (Chinese), Greenland, Norway and China lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Taiwan (Chinese) (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen atlantic halibut suppliers to the U.S. were Russia ($X), Canada ($X) and Denmark ($X), with a combined X% share of total imports. These countries were followed by Taiwan (Chinese), Greenland, Norway and China, which together accounted for a further X (Chinese) (+X% per year) recorded the highest rates of growth with regard to 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 2020, the average frozen atlantic halibut import price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were China ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Greenland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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