U.S.: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in the U.S.

The U.S. market for herring, salted or in brine skyrocketed to $X in 2022, rising by 50% against the previous year. In general, consumption, however, showed a mild downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Herring, Salted Or In Brine in the U.S.

In value terms, herring, salted or in brine production skyrocketed to $X in 2022. Overall, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Herring, Salted Or In Brine

Exports from the U.S.

In 2022, overseas shipments of herring, salted or in brine increased by 34% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate a tangible increase. The growth pace was the most rapid in 2021 when exports increased by 1,730%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, herring, salted or in brine exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a pronounced increase. The growth pace was the most rapid in 2021 when exports increased by 1,512% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Aruba (X tons) were the main destinations of herring, salted or in brine exports from the United States.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +4,694.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) emerged as the key foreign market for herring, salted or in brine exports from the United States, comprising 80% of total exports. The second position in the ranking was taken by Canada ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to +2,696.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+5.4% per year) and Aruba (+466.1% per year).

Export Prices by Country

The average export price for herring, salted or in brine stood at $X per ton in 2022, surging by 194% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Herring, Salted Or In Brine

Imports into the U.S.

In 2022, supplies from abroad of herring, salted or in brine increased by 44% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2019 when imports increased by 182%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, herring, salted or in brine imports surged to $X in 2022. Over the period under review, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of 97%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest supplier of herring, salted or in brine to the United States, with a 68% share of total imports. Moreover, herring, salted or in brine imports from the Philippines exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Canada (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+136.7% per year) and Canada (-6.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of herring, salted or in brine to the United States, comprising 58% of total imports. The second position in the ranking was held by the Philippines ($X), with a 24% share of total imports. It was followed by Canada, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +120.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-14.5% per year) and Canada (-10.4% per year).

Import Prices by Country

The average import price for herring, salted or in brine stood at $X per ton in 2022, increasing by 26% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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