Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States (FOB) - 2022
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States (CIF) - 2023
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $3,952 per ton, picking up by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($3,994 per ton) and the Netherlands ($3,962 per ton), while the average price for exports to Germany ($2,739 per ton) and Italy ($3,925 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States (CIF) - 2023
The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $3,947 per ton in December 2023, surging by 5.7% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 29% month-to-month. As a result, import price attained the peak level of $4,852 per ton. From June 2023 to December 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 Africa ($7,386 per ton), while the price for China ($2,910 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 Chile (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States
For the third consecutive year, the United States recorded decline in shipments abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s, which decreased by -4.9% to 11K tons in 2022. Overall, exports saw a abrupt decline.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $45M in 2022. In general, exports saw a deep setback.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 20.8 | 14.8 | 19.4 | 29.0 | 11.7% |
| Spain | 9.9 | 9.3 | 12.0 | 12.0 | 6.6% |
| Italy | 8.0 | 14.5 | 4.9 | 2.9 | -28.7% |
| Germany | 12.6 | 3.4 | 1.4 | 0.4 | -68.3% |
| France | 3.7 | 1.0 | N/A | N/A | -73.0% |
| Others | 1.8 | 2.4 | 0.7 | 0.6 | -30.7% |
| Total | 56.8 | 45.3 | 38.4 | 44.9 | -7.5% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from the United States in 2022:
- Netherlands (7.3K tons)
- Spain (3.0K tons)
- Italy (0.7K tons)
- Germany (0.2K tons)
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States
In 2022, approx. 4.3K tons of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were imported into the United States; increasing by 6.9% on the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, imports reached the peak of 4.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s surged to $18M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.2% 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 +69.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1.2 | 4.1 | 5.0 | 6.8 | 78.3% |
| South Africa | 2.5 | 1.7 | 3.8 | 4.5 | 21.6% |
| Namibia | 0.2 | 0.1 | 0.1 | 2.1 | 119.0% |
| Chile | 2.7 | 2.8 | 1.4 | 2.0 | -9.5% |
| China | 2.3 | 3.3 | 1.5 | 1.3 | -17.3% |
| Ecuador | 1.7 | 1.3 | 1.0 | 0.7 | -25.6% |
| Peru | N/A | 0.3 | 0.1 | 0.4 | 15.5% |
| Others | 0.2 | 0.6 | 1.8 | 0.6 | 44.2% |
| Total | 10.9 | 14.3 | 14.7 | 18.4 | 19.1% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to the United States in 2022:
- Argentina (1743.6 tons)
- South Africa (768.4 tons)
- Chile (616.4 tons)
- Namibia (390.3 tons)
- China (362.0 tons)
- Ecuador (219.0 tons)
- Peru (118.1 tons)
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