Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada - 2024
Contents:
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada (CIF) - 2024
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada (FOB) - 2024
- Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada
- Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada (CIF) - 2024
In January 2024, the average import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s amounted to $9,100 per ton, jumping by 16% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 an increase of 18% against the previous month. Over the period under review, average import prices attained the maximum at $9,635 per ton in June 2023; however, from July 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Iceland ($12,491 per ton), while the price for China ($6,675 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Norway (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada (FOB) - 2024
The average export price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $10,054 per ton in January 2024, which is down by -18.5% against the previous month. Over the period under review, the export price showed a slight contraction. The pace of growth was the most pronounced in September 2023 when the average export price increased by 60% month-to-month. Over the period under review, the average export prices hit record highs at $16,203 per ton in May 2023; however, from June 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was the United States ($12,843 per ton), while the average price for exports to Portugal totaled $4,248 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada
In 2022, overseas purchases of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s decreased by -11.9% to 6.3K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of 7.2K tons, and then declined in the following year.
In value terms, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s soared to $53M in 2022. The total import value increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.0 | 23.1 | 19.8 | 25.9 | 2.6% |
| United States | 4.9 | 3.5 | 8.9 | 6.2 | 8.2% |
| Norway | 3.5 | 4.8 | 6.7 | 5.8 | 18.3% |
| Iceland | 2.1 | 2.5 | 4.0 | 5.1 | 34.4% |
| Indonesia | 0.3 | 1.8 | 2.8 | 4.8 | 152.0% |
| Vietnam | 1.0 | 0.5 | 0.4 | 2.1 | 28.1% |
| Greenland | N/A | 0.1 | N/A | 0.8 | 182.8% |
| Others | 1.5 | 2.5 | 2.8 | 2.8 | 23.1% |
| Total | 37.3 | 38.8 | 45.4 | 53.5 | 12.8% |
Top Suppliers of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) to Canada in 2022:
- China (3352.4 tons)
- United States (652.1 tons)
- Indonesia (644.8 tons)
- Norway (534.5 tons)
- Iceland (418.4 tons)
- Vietnam (264.6 tons)
- Greenland (159.3 tons)
Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada
Exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s from Canada contracted slightly to 1.6K tons in 2022, flattening at 2021 figures. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of 1.6K tons, and then declined in the following year.
In value terms, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s surged to $17M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 56%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.8 | 8.2 | 13.8 | 14.9 | 8.1% |
| China | 0.1 | 0.1 | N/A | 0.7 | 91.3% |
| Netherlands | N/A | N/A | N/A | 0.3 | 0% |
| Portugal | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Spain | N/A | 0.5 | N/A | 0.2 | -36.8% |
| United Kingdom | 0.5 | N/A | N/A | 0.1 | -41.5% |
| Others | 0.7 | 0.3 | 0.5 | 0.1 | -47.7% |
| Total | 13.0 | 9.2 | 14.3 | 16.6 | 8.5% |
Top Export Markets for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) from Canada in 2022:
- United States (1304.9 tons)
- China (86.8 tons)
- Netherlands (83.3 tons)
- Portugal (70.6 tons)
- Spain (50.3 tons)
- United Kingdom (11.9 tons)
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