Canada: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Canada

The Canadian seafood meals and pellets market fell slightly to $X in 2022, waning by X% against the previous year. In general, consumption recorded a pronounced contraction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Canada

In value terms, seafood meals and pellets production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Seafood meals and pellets production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Canada

Seafood meals and pellets exports from Canada soared to X tons in 2022, growing by X% against 2021. Over the period under review, exports, however, faced a abrupt contraction. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, seafood meals and pellets exports surged to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Japan (X tons) and the United States (X tons) were the main destinations of seafood meals and pellets exports from Canada, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, China ($X), the United States ($X) and Japan ($X) constituted the largest markets for seafood meals and pellets exported from Canada worldwide, together comprising X% of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price saw a pronounced descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced a decline.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Canada

Seafood meals and pellets imports into Canada contracted to X tons in 2022, dropping by X% compared with 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, seafood meals and pellets imports rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Mexico (X tons), the United States (X tons) and Denmark (X tons) were the main suppliers of seafood meals and pellets imports to Canada, together accounting for X% of total imports. Norway, Chile, Peru and Iceland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest seafood meals and pellets suppliers to Canada were Mexico ($X), the United States ($X) and Denmark ($X), with a combined X% share of total imports. Norway, Chile, Peru and Iceland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Norway, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Norway ($X per ton) and Denmark ($X per ton), while the price for Peru ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :