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U.S. - Fresh Or Chilled Fish Fillets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFresh Fish Fillet Price in the United States - 2023
Contents:
- Fresh Fish Fillet Price in the United States (CIF) - 2023
- Fresh Fish Fillet Price in the United States (FOB) - 2023
- Fresh Fish Fillet Imports in the United States
- Fresh Fish Fillet Exports in the United States
Fresh Fish Fillet Price in the United States (CIF) - 2023
In August 2023, the average fresh fish fillet import price amounted to $12,309 per ton, stabilizing at the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average import price increased by 6.3% against the previous month. As a result, import price reached the peak level of $13,628 per ton. From March 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Norway ($16,340 per ton), while the price for Colombia ($6,659 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Honduras (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Fresh Fish Fillet Price in the United States (FOB) - 2023
In August 2023, the average fresh fish fillet export price amounted to $13,099 per ton, surging by 4.8% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Canada.
From August 2022 to August 2023, the rate of growth in terms of prices for Canada amounted to +0.7% per month.
Fresh Fish Fillet Imports in the United States
For the fourth year in a row, the United States recorded growth in supplies from abroad of fresh or chilled fish fillets, which increased by 3.6% to 262K tons in 2022. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, fresh fish fillet imports expanded notably to $3.4B in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Fresh Fish Fillet in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 1,567 | 1,326 | 1,785 | 2,007 | 8.6% |
Norway | 327 | 274 | 389 | 511 | 16.0% |
Iceland | 145 | 125 | 152 | 181 | 7.7% |
Canada | 159 | 168 | 187 | 170 | 2.3% |
Netherlands | 64.4 | 35.9 | 70.0 | 89.3 | 11.5% |
Colombia | 45.0 | 50.5 | 52.0 | 73.6 | 17.8% |
Faroe Islands | 15.1 | 9.9 | 38.0 | 66.9 | 64.2% |
Germany | 49.2 | 49.5 | 48.6 | 63.7 | 9.0% |
Honduras | 46.7 | 41.3 | 47.0 | 51.2 | 3.1% |
Costa Rica | 40.5 | 20.8 | 25.9 | 31.0 | -8.5% |
Others | 236 | 153 | 200 | 193 | -6.5% |
Total | 2,695 | 2,253 | 2,993 | 3,439 | 8.5% |
Top Suppliers of Fresh Fish Fillet to the United States in 2022:
- Chile (151.2K tons)
- Norway (32.8K tons)
- Canada (12.4K tons)
- Iceland (12.1K tons)
- Colombia (10.6K tons)
- Honduras (8.1K tons)
- Netherlands (6.4K tons)
- Faroe Islands (4.7K tons)
- Costa Rica (4.1K tons)
- Germany (4.0K tons)
Fresh Fish Fillet Exports in the United States
After three years of growth, shipments abroad of fresh or chilled fish fillets decreased by -8.7% to 17K tons in 2022. The total export volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 13%.
In value terms, fresh fish fillet exports contracted slightly to $207M in 2022. The total export value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. As a result, the exports attained the peak of $217M, and then declined slightly in the following year.
Export of Fresh Fish Fillet in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 156 | 183 | 210 | 198 | 8.3% |
Others | 9.7 | 5.4 | 7.1 | 8.7 | -3.6% |
Total | 166 | 188 | 217 | 207 | 7.6% |
Top Export Markets for Fresh Fish Fillet from the United States in 2022:
- Canada (15.7K tons)
This report provides an in-depth analysis of the fresh fish fillet 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 10201100 - Fresh or chilled fish fillets and other fish meat without bones
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
-
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
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In October 2022, the fresh fish fillet price amounted to $11.7 per kg (CIF, US), falling by -6.4% against the previous month.
Explore the top import markets for fresh fish fillet and their key statistics. Learn about the countries with the highest import values for fresh fish fillet, such as the United States, France, and Sweden. Find market insights and opportunities on the IndexBox platform.
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