Shrimp Price in Canada - 2023
Contents:
- Shrimp Price in Canada (CIF) - 2023
- Shrimp Price in Canada (FOB) - 2023
- Shrimp Imports in Canada
- Shrimp Exports in Canada
Shrimp Price in Canada (CIF) - 2023
The average shrimp import price stood at $9,275 per ton in June 2023, leveling off at the previous month. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in November 2022 when the average import price increased by 5.2% against the previous month. Over the period under review, average import prices hit record highs at $11,077 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Thailand ($11,575 per ton), while the price for China ($7,159 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+0.3%), while the prices for the other major suppliers experienced a decline.
Shrimp Price in Canada (FOB) - 2023
In June 2023, the average shrimp export price amounted to $7,881 per ton, growing by 37% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($10,540 per ton), while the average price for exports to Bulgaria ($2,915 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Canada
Shrimp imports into Canada was estimated at 61K tons in 2022, remaining constant against 2021 figures. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 9.6% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, shrimp imports stood at $578M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Shrimp in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 127 | 131 | 177 | 178 | 11.9% |
| Vietnam | 152 | 178 | 164 | 163 | 2.4% |
| China | 83.2 | 56.7 | 70.9 | 71.2 | -5.1% |
| Thailand | 68.6 | 47.0 | 51.1 | 54.9 | -7.2% |
| Indonesia | 22.4 | 20.4 | 29.6 | 29.7 | 9.9% |
| Ecuador | 15.7 | 17.1 | 25.3 | 25.4 | 17.4% |
| Peru | 8.7 | 15.5 | 15.1 | 15.2 | 20.4% |
| United States | 11.8 | 9.4 | 11.8 | 11.9 | 0.3% |
| Others | 15.9 | 19.9 | 28.8 | 30.0 | 23.6% |
| Total | 505 | 495 | 574 | 578 | 4.6% |
Top Suppliers of Shrimp to Canada in 2022:
- India (19.2K tons)
- Vietnam (14.8K tons)
- China (9.2K tons)
- Thailand (5.6K tons)
- Ecuador (3.7K tons)
- Indonesia (2.5K tons)
- Peru (1.4K tons)
- United States (1.3K tons)
Shrimp Exports in Canada
In 2022, shrimp exports from Canada expanded modestly to 55K tons, picking up by 4.7% on 2021. Over the period under review, exports, however, continue to indicate a mild downturn.
In value terms, shrimp exports expanded to $320M in 2022. Overall, exports, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 10% against the previous year.
| Export of Shrimp in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 140 | 120 | 119 | 121 | -4.7% |
| Denmark | 57.5 | 40.3 | 43.1 | 44.9 | -7.9% |
| United Kingdom | 25.4 | 22.2 | 41.2 | 40.0 | 16.3% |
| United States | 27.2 | 18.6 | 24.7 | 24.0 | -4.1% |
| Iceland | 10.4 | 20.3 | 22.7 | 22.0 | 28.4% |
| Ukraine | 9.6 | 10.7 | 15.6 | 15.2 | 16.6% |
| Japan | 22.9 | 12.2 | 10.9 | 14.7 | -13.7% |
| Morocco | 10.5 | 6.4 | 3.6 | 6.5 | -14.8% |
| Albania | 7.2 | 5.7 | 6.0 | 6.0 | -5.9% |
| Bulgaria | 6.0 | 6.2 | 4.5 | 5.3 | -4.1% |
| Others | 23.2 | 19.6 | 18.9 | 20.4 | -4.2% |
| Total | 340 | 282 | 310 | 320 | -2.0% |
Top Export Markets for Shrimp from Canada in 2022:
- China (22.7K tons)
- Denmark (7.8K tons)
- United Kingdom (4.9K tons)
- Ukraine (4.4K tons)
- Iceland (3.7K tons)
- United States (1.9K tons)
- Morocco (1.7K tons)
- Japan (1.6K tons)
- Albania (1.5K tons)
- Bulgaria (1.3K tons)
516
This report provides an in-depth analysis of the market for crab and crab meat in Canada.
645
This report provides an in-depth analysis of the frozen crustaceans market in Canada.
226
This report provides an in-depth analysis of the crabs, not frozen market in Canada.
295
This report provides an in-depth analysis of the frozen norway lobster market in Canada.
347
This report provides an in-depth analysis of the market for frozen crab and crab meat in Canada.
280
This report provides an in-depth analysis of the frozen lobster market in Canada.
1854
This report provides an in-depth analysis of the global market for crab and crab meat.
1456
This report provides an in-depth analysis of the global frozen crustaceans market.
338
This report provides an in-depth analysis of the global crabs, not frozen market.
394
This report provides an in-depth analysis of the global frozen norway lobster market.
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
915
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
411
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
2515
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
495
Explore the top import markets for Frozen Crab and Crab Meat, including the United States, Japan, China, and more. Discover key statistics and trends in the global crab meat industry.
130
Explore the top import markets for frozen lobster around the world and discover key statistics and trends in the global seafood industry.
1734
In value terms, molluscs imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuati...
1965
In value terms, molluscs exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
915
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
