Report Update Nov 1, 2024

U.S. - Frozen Catfish - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Frozen Catfish Market 2022

Frozen Catfish Market Size in the U.S.

The U.S. frozen catfish market skyrocketed to $X in 2020, jumping 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). Overall, consumption saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Frozen catfish consumption peaked in 2020 and is likely to continue growth in years to come.

Frozen Catfish Exports

Exports from the U.S.

In 2020, frozen catfish exports from the U.S. reduced remarkably to X tons, waning by -X% against the previous year's figure. Over the period under review, exports, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen catfish exports declined significantly to $X in 2020. In general, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for frozen catfish exports from the U.S., with a X% share of total exports. Moreover, frozen catfish exports to Mexico exceeded the volume sent to the second major destination, Australia (X tons), sixfold. The third position in this ranking was occupied by Vietnam (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Vietnam (X% per year).

In value terms, Mexico ($X) remains the key foreign market for frozen catfish exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2020, the average frozen catfish export price amounted to $X per ton, declining by -X% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Aruba ($X per ton), while the average price for exports to Australia ($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 Mexico, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Catfish Imports

Imports into the U.S.

In 2020, frozen catfish imports into the U.S. skyrocketed to X tons, rising by X% against the previous year's figure. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen catfish imports skyrocketed to $X in 2020. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Vietnam (X tons) was the main frozen catfish supplier to the U.S., with a X% share of total imports. Moreover, frozen catfish imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Vietnam totaled +X%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam amounted to +X%.

Import Prices by Country

The average frozen catfish import price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price recorded a mild slump. The pace of growth was the most pronounced in 2018 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per ton), while the price for Vietnam stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen catfish in the world?

The countries with the highest volumes of frozen catfish consumption in 2020 were Vietnam, Colombia and Thailand, with a combined 45% share of global consumption. Saudi Arabia, Cote d'Ivoire, Cameroon, Denmark, Democratic Republic of the Congo, the U.S., Qatar, China, Russia and South Korea lagged somewhat behind, together comprising a further 30%.

What are the largest producers of frozen catfish in the world?

Vietnam remains the largest frozen catfish producing country worldwide, accounting for 75% of total volume. Moreover, frozen catfish production in Vietnam exceeded the figures recorded by the second-largest producer, China, more than tenfold. The third position in this ranking was occupied by Thailand, with a 5.4% share.

What are the leading suppliers of frozen catfish to the U.S.?

In value terms, Vietnam constituted the largest supplier of frozen catfish to the U.S., comprising 87% of total imports. The second position in the ranking was occupied by Thailand, with a 8.5% share of total imports.

What are the leading importers of frozen catfish from the U.S.?

In value terms, Mexico remains the key foreign market for frozen catfish exports from the U.S., comprising 73% of total exports. The second position in the ranking was occupied by Australia, with a 5.9% share of total exports. It was followed by Vietnam, with a 5.2% share.

What is the average export price for frozen catfish in the U.S.?

In 2020, the average frozen catfish export price amounted to $2,182 per ton, with a decrease of -18.2% against the previous year.

What is the average import price for frozen catfish in the U.S.?

In 2020, the average frozen catfish import price amounted to $2,792 per ton, with a decrease of -7.4% against the previous year.

This report provides an in-depth analysis of the frozen catfish market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
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How to increase your profit margins
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023