Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada - 2024
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada (CIF) - 2024
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada (FOB) - 2024
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada (CIF) - 2024
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $5,059 per ton in September 2023, dropping by -5.8% against the previous month. Over the period from January 2023 to September 2023, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 14% m-o-m. The import price peaked at $5,371 per ton in August 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($17,487 per ton), while the price for Norway ($3,467 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada (FOB) - 2024
In September 2023, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $4,142 per ton, with a decrease of -32.1% against the previous month. Overall, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in July 2023 an increase of 109% m-o-m. As a result, the export price reached the peak level of $7,761 per ton. From August 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Switzerland ($10,059 per ton), while the average price for exports to the United States ($3,387 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada
In 2022, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into Canada reduced markedly to 43K tons, declining by -21.4% compared with 2021 figures. In general, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports attained the peak of 54K tons, and then reduced remarkably in the following year.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s shrank to $145M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 9.4% against the previous year. As a result, imports attained the peak of $147M, and then reduced modestly in the following year.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 64.6 | 70.6 | 80.7 | 69.3 | 2.4% |
| United States | 30.8 | 36.5 | 36.0 | 39.7 | 8.8% |
| Mexico | 4.7 | 9.3 | 13.3 | 13.5 | 42.1% |
| Denmark | 1.1 | 2.4 | 6.0 | 4.5 | 59.9% |
| Norway | 1.4 | 1.1 | 1.5 | 3.3 | 33.1% |
| Japan | 1.6 | N/A | N/A | 3.0 | 23.3% |
| India | N/A | 0.6 | N/A | 2.4 | 100.0% |
| Chile | 9.8 | 5.0 | 1.6 | 1.3 | -49.0% |
| Others | 8.8 | 8.8 | 7.8 | 8.4 | -1.5% |
| Total | 123 | 134 | 147 | 145 | 5.6% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Canada in 2022:
- Peru (18.1K tons)
- United States (13.6K tons)
- Mexico (5.1K tons)
- Denmark (1.6K tons)
- Norway (1.2K tons)
- Japan (1.0K tons)
- India (0.7K tons)
- Chile (0.6K tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada
After three years of growth, shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -52.8% to 3.4K tons in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 24%.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s contracted to $25M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 14%.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.7 | 9.2 | 11.0 | 11.7 | 3.0% |
| Netherlands | 2.9 | 8.9 | 8.0 | 8.9 | 45.3% |
| Switzerland | 0.8 | 1.7 | 1.3 | 1.9 | 33.4% |
| Spain | 1.7 | 0.4 | 1.4 | 0.2 | -51.0% |
| Norway | 2.2 | 5.2 | 3.0 | N/A | 16.8% |
| Others | 5.8 | 2.1 | 3.5 | 1.9 | -31.1% |
| Total | 24.1 | 27.5 | 28.1 | 24.5 | 0.6% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Canada in 2022:
- United States (1925.1 tons)
- Netherlands (1004.4 tons)
- Switzerland (182.7 tons)
- Spain (128.1 tons)
412
This report provides an in-depth analysis of the market for fish fat and oil in Canada.
809
This report provides an in-depth analysis of the global market for fish fat and oil.
412
This report provides an in-depth analysis of the market for fish fat and oil in Canada.
809
This report provides an in-depth analysis of the global market for fish fat and oil.
616
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
616
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
