Canada: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Canada

The Canadian market for herring, salted or in brine contracted slightly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Herring, salted or in brine consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Herring, Salted Or In Brine in Canada

In value terms, herring, salted or in brine production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 64% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Herring, Salted Or In Brine

Exports from Canada

In 2022, approx. X tons of herring, salted or in brine were exported from Canada; growing by 4.4% against 2021 figures. Over the period under review, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 858%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, herring, salted or in brine exports stood at $X in 2022. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 757%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for herring, salted or in brine exports from Canada, with a 90% share of total exports. Moreover, herring, salted or in brine exports to Haiti exceeded the volume sent to the second major destination, the Dominican Republic (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Haiti stood at +25.1%.

In value terms, Haiti ($X) remains the key foreign market for herring, salted or in brine exports from Canada, comprising 88% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti stood at +19.7%.

Export Prices by Country

In 2022, the average export price for herring, salted or in brine amounted to $X per ton, shrinking by -3.9% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 13%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the Dominican Republic amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (-2.8%).

Imports of Herring, Salted Or In Brine

Imports into Canada

In 2022, the amount of herring, salted or in brine imported into Canada surged to X tons, with an increase of 29% on the year before. Over the period under review, imports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of 77% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, herring, salted or in brine imports skyrocketed to $X in 2022. In general, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 72%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Iceland (X tons) constituted the largest supplier of herring, salted or in brine to Canada, with a 74% share of total imports. Moreover, herring, salted or in brine imports from Iceland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Iceland stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.3% per year) and the United States (+8.3% per year).

In value terms, Iceland ($X) constituted the largest supplier of herring, salted or in brine to Canada, comprising 76% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Iceland amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.3% per year) and the United States (+3.0% per year).

Import Prices by Country

The average import price for herring, salted or in brine stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 5.7%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iceland ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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