Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States - 2023
Contents:
- Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States (CIF) - 2023
- Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States (FOB) - 2023
- Imports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States
- Exports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States
Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States (CIF) - 2023
The average import price for fish fillets; frozen, haddock (melanogrammus aeglefinus)s stood at $6,621 per ton in December 2023, surging by 2.3% against the previous month. Overall, the import price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in October 2023 when the average import price increased by 10% m-o-m. Over the period under review, average import prices reached the maximum at $8,847 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Iceland ($9,584 per ton), while the price for Norway ($3,505 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Norway (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States (FOB) - 2023
The average export price for fish fillets; frozen, haddock (melanogrammus aeglefinus)s stood at $7,939 per ton in December 2023, picking up by 139% against the previous month. Over the period under review, export price indicated slight growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for fish fillets; frozen, haddock (melanogrammus aeglefinus)s increased by +138.6% against November 2023 indices. The export price peaked at $9,856 per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Saudi Arabia ($9,130 per ton), while the average price for exports to Canada totaled $6,006 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States
In 2022, approx. 20K tons of fish fillets; frozen, haddock (melanogrammus aeglefinus)s were imported into the United States; picking up by 50% on the year before. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s surged to $158M 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 +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 65.4 | 66.1 | 49.8 | 97.2 | 14.1% |
| Iceland | 21.9 | 24.8 | 25.2 | 44.0 | 26.2% |
| Poland | 0.5 | 0.5 | 2.3 | 3.7 | 94.9% |
| Norway | 7.9 | 5.3 | 4.4 | 3.4 | -24.5% |
| Indonesia | N/A | N/A | N/A | 2.8 | 0% |
| Russia | 5.9 | 3.2 | 4.1 | 1.4 | -38.1% |
| Canada | 4.5 | 2.4 | 1.0 | 1.2 | -35.6% |
| Others | 0.3 | 2.2 | 1.0 | 4.6 | 148.4% |
| Total | 106 | 104 | 87.7 | 158 | 14.2% |
Top Suppliers of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) to the United States in 2022:
- China (13.0K tons)
- Iceland (4.9K tons)
- Norway (0.7K tons)
- Poland (0.4K tons)
- Indonesia (0.4K tons)
- Canada (0.2K tons)
- Russia (0.2K tons)
Exports of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States
In 2022, shipments abroad of fish fillets; frozen, haddock (melanogrammus aeglefinus)s decreased by -32.9% to 130 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 157% against the previous year. As a result, the exports attained the peak of 510 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fish fillets; frozen, haddock (melanogrammus aeglefinus)s fell notably to $1M in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 175%. As a result, the exports attained the peak of $3.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 941 | 2,484 | 1,224 | 763 | -6.8% |
| Saudi Arabia | 337 | 355 | 131 | 143 | -24.9% |
| Bermuda | 31.4 | 12.8 | 27.5 | 46.1 | 13.7% |
| Pakistan | N/A | N/A | N/A | 39.8 | 0% |
| China | N/A | 631 | N/A | N/A | 0% |
| Others | 42.3 | 239 | 23.7 | 22.0 | -19.6% |
| Total | 1,351 | 3,722 | 1,406 | 1,014 | -9.1% |
Top Export Markets for Fish Fillets; Frozen, Haddock (Melanogrammus Aeglefinus) from the United States in 2022:
- Canada (87.9 tons)
- Saudi Arabia (24.8 tons)
- Pakistan (8.4 tons)
- Bermuda (3.9 tons)
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