Live Fish Price in the United States - 2023
Contents:
- Live Fish Price in the United States (CIF) - 2023
- Live Fish Price in the United States (FOB) - 2023
- Live Fish Imports in the United States
- Live Fish Exports in the United States
Live Fish Price in the United States (CIF) - 2023
The average live fish import price stood at $13,660 per ton in July 2023, with an increase of 3.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 11% m-o-m. As a result, import price attained the peak level of $15,542 per ton. From February 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($27,219 per ton), while the price for the Philippines ($4,832 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Live Fish Price in the United States (FOB) - 2023
In July 2023, the average live fish export price amounted to $5,102 per ton, reducing by -32.5% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 107% against the previous month. Over the period under review, the average export prices reached the maximum at $17,269 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was the United Arab Emirates ($7,866 per ton), while the average price for exports to Canada ($4,216 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Live Fish Imports in the United States
For the fourth year in a row, the United States recorded growth in overseas purchases of live fish, which increased by 0.4% to 4K tons in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 +38.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, live fish imports dropped modestly to $82M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year.
| Import of Live Fish in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 14.1 | 11.2 | 17.3 | 16.8 | 6.0% |
| Singapore | 10.1 | 7.8 | 10.6 | 9.6 | -1.7% |
| Indonesia | 7.9 | 6.3 | 6.8 | 7.1 | -3.5% |
| Japan | 4.2 | 4.6 | 5.8 | 6.0 | 12.6% |
| Thailand | 9.9 | 5.8 | 7.2 | 5.9 | -15.8% |
| Sri Lanka | 5.5 | 4.2 | 6.0 | 5.6 | 0.6% |
| Taiwan (Chinese) | 3.2 | 3.1 | 3.4 | 3.8 | 5.9% |
| Philippines | 5.8 | 2.3 | 3.7 | 3.1 | -18.8% |
| Australia | 2.6 | 0.8 | 2.2 | 2.9 | 3.7% |
| Canada | 0.7 | 0.8 | 1.4 | 1.5 | 28.9% |
| Vietnam | 2.7 | 1.6 | 1.9 | 1.4 | -19.7% |
| Ecuador | 0.5 | 0.8 | 1.0 | 1.4 | 40.9% |
| Bangladesh | 0.7 | 0.2 | 0.4 | 1.0 | 12.6% |
| Others | 14.7 | 10.0 | 14.8 | 15.6 | 2.0% |
| Total | 82.8 | 59.4 | 82.5 | 81.8 | -0.4% |
Top Suppliers of Live Fish to the United States in 2022:
- South Korea (721.5 tons)
- Indonesia (381.2 tons)
- Singapore (346.9 tons)
- Sri Lanka (299.6 tons)
- Thailand (262.3 tons)
- Philippines (214.1 tons)
- Ecuador (161.9 tons)
- Taiwan (Chinese) (157.0 tons)
- Australia (137.9 tons)
- Bangladesh (114.1 tons)
- Canada (110.0 tons)
- Japan (109.0 tons)
- Vietnam (89.2 tons)
Live Fish Exports in the United States
For the fourth consecutive year, the United States recorded growth in shipments abroad of live fish, which increased by 85% to 6.5K tons in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, live fish exports surged to $56M in 2022. Over the period under review, exports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 32%.
| Export of Live Fish in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 18.2 | 15.7 | 16.8 | 26.6 | 13.5% |
| Hong Kong SAR | 24.8 | 9.1 | 20.3 | 16.1 | -13.4% |
| South Korea | 8.2 | 6.2 | 5.2 | 8.5 | 1.2% |
| United Arab Emirates | 0.1 | 0.1 | 0.1 | 1.4 | 141.0% |
| Others | 6.9 | 4.2 | 4.3 | 3.8 | -18.0% |
| Total | 58.2 | 35.3 | 46.6 | 56.4 | -1.0% |
Top Export Markets for Live Fish from the United States in 2022:
- Canada (4.8K tons)
- South Korea (1.2K tons)
- Hong Kong SAR (0.2K tons)
- United Arab Emirates (0.1K tons)
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