U.S.: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in the U.S.

The U.S. frozen catfish fillets market declined to $X in 2020, waning by -X% against the previous year. In general, consumption showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Frozen catfish fillets consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Frozen Catfish Fillets Production in the U.S.

In value terms, frozen catfish fillets production dropped remarkably to $X in 2020. In general, production recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Frozen Catfish Fillets Exports

Exports from the U.S.

In 2020, exports of frozen catfish fillets from the U.S. dropped rapidly to X tons, shrinking by -X% on 2019. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, frozen catfish fillets exports contracted sharply to $X in 2020. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for frozen catfish fillets exports from the U.S., with a X% share of total exports. Moreover, frozen catfish fillets exports to Vietnam exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. The third position in this ranking was occupied by Canada (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Vietnam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Canada (-X% per year).

In value terms, Vietnam ($X) remains the key foreign market for frozen catfish fillets exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Turks and Caicos Islands, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Vietnam totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Turks and Caicos Islands (-X% per year).

Export Prices by Country

The average frozen catfish fillets export price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Turks and Caicos Islands ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Turks and Caicos Islands, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Catfish Fillets Imports

Imports into the U.S.

In 2020, approx. X tons of frozen catfish fillets were imported into the U.S.; remaining relatively unchanged against the previous year. Overall, imports showed a slight setback. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen catfish fillets imports declined to $X in 2020. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Vietnam (X tons) was the main supplier of frozen catfish fillets to the U.S., accounting for a X% share of total imports. Moreover, frozen catfish fillets imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Vietnam stood at -X%.

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish fillets to the U.S., comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Vietnam stood at -X%.

Import Prices by Country

In 2020, the average frozen catfish fillets import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for Vietnam stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam.

Source: IndexBox Platform

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