U.S. - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingU.S. Frozen Fish Meat Export Plummets 66% to 4.6K Tons in November 2022
U.S. Frozen Fish Meat Exports
Frozen fish meat exports from the United States declined significantly to 4.6K tons in November 2022, falling by -65.9% on the previous month. In general, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in February 2022 with an increase of 576% against the previous month. Over the period under review, the exports reached the maximum at 41K tons in August 2022; however, from September 2022 to November 2022, the exports failed to regain momentum.
In value terms, frozen fish meat exports fell notably to $15M (IndexBox estimates) in November 2022. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in February 2022 with an increase of 587% m-o-m. The exports peaked at 129K tons in August 2022; however, from September 2022 to November 2022, the exports failed to regain momentum.
Exports by Country
Lithuania (1.4K tons), Japan (839 tons) and Canada (556 tons) were the main destinations of frozen fish meat exports from the United States, with a combined 62% share of total exports.
From January 2022 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +47.0%), while the other leaders experienced more modest paces of growth.
In value terms, Lithuania ($5.1M) emerged as the key foreign market for frozen fish meat exports from the United States, comprising 33% of total exports. The second position in the ranking was held by Japan ($2.5M), with a 16% share of total exports. It was followed by Canada, with a 12% share.
From January 2022 to November 2022, the average monthly rate of growth in terms of value to Lithuania amounted to +50.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+16.0% per month) and Canada (-8.9% per month).
Export Prices by Country
In November 2022, the frozen fish meat price amounted to $3,374 per ton (FOB, US), stabilizing at the previous month. Over the last ten months, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in June 2022 when the average export price increased by 13% against the previous month. The export price peaked in November 2022.
Average prices varied somewhat for the major external markets. In November 2022, the highest price was recorded for prices to China ($3,927 per ton) and France ($3,780 per ton), while the average price for exports to Japan ($2,999 per ton) and Spain ($3,162 per ton) were amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Factors Affecting Frozen Fish Meat Price
Frozen fish meat is a popular food item in the United States. The price of frozen fish meat is determined by a variety of factors, including production costs, transportation costs, and market conditions.
Recently, the price of frozen fish meat in the U.S. has been on the rise. This is due to the increasing cost of raw materials and transportation. As a result, many businesses that use frozen fish meat as an ingredient have had to raise their prices in order to keep up with the market. This has led to some customers switching to other suppliers or alternatives.
However, frozen fish still remains a popular choice for many because of its convenience and shelf life. With the right marketing and pricing strategy, businesses can continue to sell frozen fish meat successfully in the U.S. market.
This report provides an in-depth analysis of the frozen fish meat 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 2030.
Product coverage:
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
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:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
