Price for Smoked Fish, Incl. Fillets in Canada - 2023
Contents:
- Price for Smoked Fish, Incl. Fillets in Canada (CIF) - 2022
- Price for Smoked Fish, Incl. Fillets in Canada (FOB) - 2022
- Imports of Smoked Fish, Incl. Fillets in Canada
- Exports of Smoked Fish, Incl. Fillets in Canada
Price for Smoked Fish, Incl. Fillets in Canada (CIF) - 2022
The average smoked fish, incl. fillets import price stood at $13,943 per ton in 2022, shrinking by -4.3% against the previous year. Overall, the import price recorded a mild downturn. The pace of growth appeared the most rapid in 2017 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $18,076 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Lithuania ($20,157 per ton), while the price for China ($4,810 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Smoked Fish, Incl. Fillets in Canada (FOB) - 2022
In 2022, the average smoked fish, incl. fillets export price amounted to $5,141 per ton, falling by -12.4% against the previous year. Over the period under review, the export price saw a pronounced descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 34%. Over the period under review, the average export prices attained the peak figure at $7,490 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.7% per year.
Imports of Smoked Fish, Incl. Fillets in Canada
In 2022, approx. 2.2K tons of smoked fish, incl. fillets were imported into Canada; increasing by 30% on the previous year. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, smoked fish, incl. fillets imports surged to $30M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Smoked Fish, Incl. Fillets in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 16.4 | 11.3 | 14.3 | 15.3 | -2.3% |
| Vietnam | 1.5 | 1.6 | 2.7 | 7.7 | 72.5% |
| Denmark | 0.8 | 0.5 | 1.8 | 2.8 | 51.8% |
| Lithuania | 1.7 | 3.4 | 3.4 | 2.2 | 9.0% |
| Philippines | 0.5 | 0.5 | 0.5 | 0.5 | 0.0% |
| Ghana | 0.3 | 0.6 | 0.4 | 0.4 | 10.1% |
| China | N/A | 0.2 | 0.1 | 0.4 | 41.4% |
| Others | 1.8 | 1.1 | 1.0 | 0.8 | -23.7% |
| Total | 23.0 | 19.2 | 24.2 | 30.1 | 9.4% |
Top Suppliers of Smoked Fish, Incl. Fillets to Canada in 2022:
- Norway (932.0 tons)
- Vietnam (646.2 tons)
- Denmark (154.8 tons)
- Lithuania (110.9 tons)
- China (88.9 tons)
- Philippines (62.3 tons)
- Ghana (56.1 tons)
Exports of Smoked Fish, Incl. Fillets in Canada
In 2022, approx. 194 tons of smoked fish, incl. fillets were exported from Canada; growing by 56% compared with the year before. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, smoked fish, incl. fillets exports skyrocketed to $996K in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Smoked Fish, Incl. Fillets in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 555 | 791 | 652 | 991 | 21.3% |
| Others | 11.3 | N/A | 75.3 | 5.1 | -23.3% |
| Total | 566 | 791 | 728 | 996 | 20.7% |
Top Export Markets for Smoked Fish, Incl. Fillets from Canada in 2022:
- United States (193.2 tons)
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