Price for Fish Meal; Fit for Human Consumption in Canada - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Canada (CIF) - 2022
- Price for Fish Meal; Fit for Human Consumption in Canada (FOB) - 2022
- Imports of Fish Meal; Fit for Human Consumption in Canada
- Exports of Fish Meal; Fit for Human Consumption in Canada
Price for Fish Meal; Fit for Human Consumption in Canada (CIF) - 2022
The average import price for fish meal; fit for human consumptia stood at $665 per ton in 2022, falling by -5.2% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12%. The import price peaked at $857 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($2,246 per ton), while the price for Taiwan (Chinese) ($322 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Meal; Fit for Human Consumption in Canada (FOB) - 2022
In 2022, the average export price for fish meal; fit for human consumptia amounted to $1,719 per ton, rising by 19% against the previous year. Overall, the export price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 54% against the previous year. The export price peaked at $4,300 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,734 per ton), while the average price for exports to Singapore ($551 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Fish Meal; Fit for Human Consumption in Canada
Imports of fish meal; fit for human consumptia into Canada skyrocketed to 813 tons in 2022, increasing by 136% on 2021 figures. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 824% against the previous year. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fish meal; fit for human consumptia skyrocketed to $541K in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 934%. As a result, imports attained the peak of $840K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fish Meal; Fit for Human Consumption in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 59.3 | 22.0 | 205 | 415.1% |
| Norway | 30.3 | 299 | 63.5 | 94.2 | 45.9% |
| Ghana | 1.8 | 126 | 26.7 | 39.5 | 180.0% |
| New Zealand | 2.7 | 68.3 | 23.3 | 34.4 | 133.6% |
| United States | 4.7 | 19.9 | 21.7 | 32.1 | 89.7% |
| France | 5.5 | 102 | 21.6 | 32.0 | 79.9% |
| Vietnam | 3.8 | 35.4 | 16.2 | 23.9 | 84.6% |
| Taiwan (Chinese) | 4.5 | 7.6 | 18.0 | 18.9 | 61.3% |
| Others | 26.6 | 123 | 28.3 | 60.3 | 31.4% |
| Total | 81.2 | 840 | 241 | 541 | 88.2% |
Top Suppliers of Fish Meal; Fit for Human Consumption to Canada in 2022:
- China (347.0 tons)
- Norway (104.3 tons)
- Ghana (62.9 tons)
- Taiwan (Chinese) (58.6 tons)
- New Zealand (54.6 tons)
- France (54.2 tons)
- United States (51.0 tons)
- Vietnam (37.9 tons)
Exports of Fish Meal; Fit for Human Consumption in Canada
In 2022, the amount of fish meal; fit for human consumptia exported from Canada surged to 3.4 tons, rising by 51% compared with 2021. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 372% against the previous year. As a result, the exports attained the peak of 4.3 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fish meal; fit for human consumptia surged to $5.8K in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 291% against the previous year. As a result, the exports reached the peak of $8.5K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Fish Meal; Fit for Human Consumption in Canada (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 828 | 3,222 | 1,366 | 3,091 | 55.1% |
| Hong Kong SAR | 791 | 2,599 | 930 | 1,786 | 31.2% |
| Singapore | 401 | 851 | 127 | 575 | 12.8% |
| China | 101 | 361 | 141 | 294 | 42.8% |
| Germany | 6.0 | 31.0 | 25.0 | 47.0 | 98.6% |
| Norway | N/A | N/A | 517 | N/A | 0% |
| Japan | N/A | 1,292 | N/A | N/A | 0% |
| Others | 38.0 | 101 | 133 | 55.0 | 13.1% |
| Total | 2,165 | 8,457 | 3,239 | 5,848 | 39.3% |
Top Export Markets for Fish Meal; Fit for Human Consumption from Canada in 2022:
- Hong Kong SAR (1178.0 kg)
- Singapore (1043.0 kg)
- United States (653.0 kg)
- China (393.0 kg)
- Germany (58.0 kg)
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