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U.S. - Inedible Fish Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInedible Fish Products Price in the United States - 2023
Contents:
- Inedible Fish Products Price in the United States (FOB) - 2022
- Inedible Fish Products Price in the United States (CIF) - 2023
- Inedible Fish Products Exports in the United States
- Inedible Fish Products Imports in the United States
Inedible Fish Products Price in the United States (FOB) - 2022
In 2022, the average inedible fish products export price amounted to $9,780 per ton, with an increase of 19% against the previous year. Over the period under review, the export price saw a buoyant increase. The growth pace was the most rapid in 2017 when the average export price increased by 40%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($44,527 per ton), while the average price for exports to Taiwan (Chinese) ($796 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 Japan (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Inedible Fish Products Price in the United States (CIF) - 2023
The average inedible fish products import price stood at $1,333 per ton in June 2023, surging by 7.2% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 33% month-to-month. As a result, import price attained the peak level of $1,587 per ton. From February 2023 to June 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 June 2023, the country with the highest price was South Korea ($2,766 per ton), while the price for France ($820 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Inedible Fish Products Exports in the United States
In 2022, approx. 12K tons of inedible fish products were exported from the United States; which is down by -13.3% compared with 2021 figures. Over the period under review, exports showed a noticeable curtailment. The growth pace was the most rapid in 2021 when exports increased by 15%. As a result, the exports attained the peak of 14K tons, and then reduced in the following year.
In value terms, inedible fish products exports expanded slightly to $116M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 15%. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Inedible Fish Products in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 22.2 | 17.6 | 22.3 | 22.9 | 1.0% |
Vietnam | 12.6 | 6.5 | 10.3 | 12.9 | 0.8% |
Ecuador | 18.4 | 10.8 | 6.4 | 10.6 | -16.8% |
India | 10.4 | 10.7 | 17.7 | 9.8 | -2.0% |
Turkey | 2.4 | 3.4 | 5.2 | 8.9 | 54.8% |
Thailand | 1.0 | 2.6 | 1.9 | 6.1 | 82.7% |
Japan | 6.2 | 5.0 | 4.3 | 5.0 | -6.9% |
Mexico | 2.5 | 1.9 | 6.2 | 3.7 | 14.0% |
China | 2.9 | 3.0 | 2.0 | 2.8 | -1.2% |
Colombia | 2.3 | 2.3 | 1.8 | 2.2 | -1.5% |
Bahamas | 0.4 | 0.5 | 0.7 | 0.7 | 20.5% |
Taiwan (Chinese) | 0.8 | 0.6 | 0.6 | 0.4 | -20.6% |
Germany | 0.6 | 0.5 | 0.5 | 0.3 | -20.6% |
Others | 30.9 | 32.3 | 32.4 | 29.3 | -1.8% |
Total | 113 | 97.8 | 112 | 116 | 0.9% |
Top Export Markets for Inedible Fish Products from the United States in 2022:
- China (2878.5 tons)
- Mexico (2179.9 tons)
- Japan (1733.7 tons)
- Canada (1014.8 tons)
- Vietnam (477.9 tons)
- Taiwan (Chinese) (476.5 tons)
- Ecuador (469.3 tons)
- Turkey (225.6 tons)
- India (219.6 tons)
- Bahamas (211.5 tons)
- Colombia (208.0 tons)
- Thailand (194.2 tons)
- Germany (88.1 tons)
Inedible Fish Products Imports in the United States
For the fourth consecutive year, the United States recorded growth in purchases abroad of inedible fish products, which increased by 0.7% to 69K tons in 2022. The total import volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, inedible fish products imports surged to $90M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Inedible Fish Products in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 20.9 | 19.0 | 30.6 | 28.5 | 10.9% |
Iceland | 4.2 | 4.1 | 6.3 | 7.8 | 22.9% |
Denmark | 4.7 | 5.1 | 5.8 | 6.8 | 13.1% |
Norway | 2.0 | 1.7 | 1.3 | 6.1 | 45.0% |
Indonesia | 0.1 | 0.5 | 3.6 | 5.2 | 273.3% |
Argentina | 0.9 | 1.5 | 4.1 | 4.8 | 74.7% |
United Kingdom | 0.5 | 1.7 | 0.5 | 4.4 | 106.5% |
Mexico | 0.9 | 1.6 | 2.4 | 2.6 | 42.4% |
Germany | 2.2 | 1.7 | 1.7 | 2.2 | 0.0% |
France | 0.8 | 1.2 | 1.3 | 1.9 | 33.4% |
South Korea | 0.2 | 0.2 | 0.3 | 1.4 | 91.3% |
Taiwan (Chinese) | 4.5 | 3.6 | 2.2 | 1.1 | -37.5% |
Others | 12.4 | 14.0 | 16.7 | 17.6 | 12.4% |
Total | 54.2 | 55.9 | 76.7 | 90.3 | 18.5% |
Top Suppliers of Inedible Fish Products to the United States in 2022:
- Canada (25.1K tons)
- Iceland (9.9K tons)
- Denmark (5.5K tons)
- Norway (3.6K tons)
- United Kingdom (3.5K tons)
- Indonesia (3.3K tons)
- Mexico (2.6K tons)
- Germany (2.4K tons)
- France (1.7K tons)
- Argentina (1.7K tons)
- South Korea (1.2K tons)
- Taiwan (Chinese) (0.7K tons)
This report provides an in-depth analysis of the inedible fish products 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 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)
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
-
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
-
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
-
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
-
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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