Extracts and juices of meat, fish and aquatic invertebrates market in Northern America

Earlier Report Observations

The market for meat and fish extracts in Northern America began the period at a high of $27.8 million in 2018, supported by a sharp 8.5% increase in global imports that year, which boosted domestic supply. However, the market contracted over the next three years, falling to $12.9 million by 2021 as production fluctuated and trade patterns shifted.

A rebound occurred in 2022, with market size growing to $16.6 million. This recovery was partly driven by Chinese retaliatory tariffs on U.S. fishery products, which reduced export volumes and made more product available for the domestic market. Additionally, the commercial fishing industry in the U.S. remained economically significant, with landings valued at $5.9 billion in 2022, underpinning the supply base.

In 2023, the market dipped slightly to $15.7 million. International trade dynamics continued to play a role, with Mexico emerging as a key trading partner for aquatic products, influencing regional sales flows. Throughout the period, the United States maintained its position as a major global exporter and importer of these extracts and juices.

Production extracts and juices of meat, fish and aquatic invertebrates in Northern America

In kind, 2017-2020, t

Top producers of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

World map of production of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

Northern America's production of extracts and juices of meat, fish, and aquatic invertebrates has grown for the third year in a row. In 2020, the region produced 2,316 tonnes, showing little change from the previous year. Over the 2017-2020 period, production rose by 29.5%, with an average annual growth rate of 9.0%.

Annual dynamics of production in Northern America in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the output of extracts and juices of meat, fish, and aquatic invertebrates in Northern America was valued at 16,390 thousand US dollars, up 13.7% from the year before. From 2017 to 2020, production increased by 34.4%, averaging 10.4% per year. The highest value was recorded in 2018 at 17,591 thousand US dollars, which saw the largest increase of 44.3%. The largest decline occurred in 2019, with an 18.0% drop.

Annual dynamics of production in Northern America in value, 2017-2020, K $ US

Exports extracts and juices of meat, fish and aquatic invertebrates from Northern America

Exports in kind, t

The export market showed an unstable trend over the period. In 2018, exports hit a low of 579 tonnes, while in 2019, they peaked at 1,576 tonnes, marking a 2.7-fold difference. In 2020, Northern America exported 1,309 tonnes, a significant decrease of 17.0% compared to 2019. The largest increase was recorded in 2019, with a jump of 172.1%.

Annual dynamics of product's exports from Northern America in kind, 2017-2020, t

From 2017 to 2020, Northern America's exports of extracts and juices of meat, fish, and aquatic invertebrates had a diverse range of buyers. Cuba accounted for 9.9% of exports in volume, Belgium for 3.9%, and France for 3.5%, together making up 17.3% of the total. Many other countries held smaller but notable shares.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Northern America in kind, 2017-2020

Exports in value, K $ US

Export values fluctuated significantly during this timeframe. In 2017, exports were at their lowest, while in 2019, they reached a high of 9,821 thousand US dollars, a 2.5-fold variation. In 2020, shipments abroad totaled 9,259 thousand US dollars, down 5.7% from the previous year. The largest increase occurred in 2019, with a rise of 120.2%.

Annual dynamics of product's exports from Northern America in value, 2017-2020, K $ US

Between 2017 and 2020, Cuba was the leading buyer of extracts and juices of meat, fish, and aquatic invertebrates from Northern America in value terms, accounting for 0.6% of total exports.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Northern America in value, 2017-2020

Imports extracts and juices of meat, fish and aquatic invertebrates to Northern America

Imports in kind, t

Import volumes were volatile over the observed period. In 2019, imports fell to a low of 381 tonnes, while in 2017, they reached a high, with a peak-to-trough ratio of 17 times. In 2020, imports into Northern America totaled 387 tonnes, a slight increase of 1.4% from 2019. The largest decline was in 2019, with an 81.2% drop.

Annual dynamics of product's imports to Northern America in kind, 2017-2020, t

The import sources for extracts and juices of meat, fish, and aquatic invertebrates in Northern America were widely dispersed from 2017 to 2020. Thailand contributed 5.3% of imports in volume, the Philippines 4.1%, and China 2.9%, together forming just 12.3% of total flows. The remaining 87.7% came from a broad array of other countries.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Northern America in kind, 2017-2020

Imports in value, K $ US

Northern America's imports of extracts and juices of meat, fish, and aquatic invertebrates declined for the third consecutive year. In 2020, imports amounted to 10,618 thousand US dollars, down 27.0% from the previous year. Between 2017 and 2020, imports decreased by 28.7%, equivalent to an annualized rate of 10.7%.

Annual dynamics of product's imports to Northern America in value, 2017-2020, K $ US

From 2017 to 2020, the main suppliers to Northern America were Denmark, accounting for 2.4% of imports in value, Thailand with 1.4%, and the Philippines with 0.9%. Together, they made up 4.8% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Northern America in value, 2017-2020