In 2023, Brazil led global frozen catfish fillet imports with a notable share, followed by Mexico and the United Kingdom. Brazil's share saw a 6.18% year-on-year increase, indicating its growing demand. Meanwhile, the Netherlands and Germany experienced declines in their import shares, with Germany seeing a significant 7.02% drop. Additionally, Lithuania had the steepest decrease at nearly 30%, reflecting a notable decline in market demand or strategic shifts. South Korea and Denmark exhibited modest growth, while South American countries like Argentina remained relatively stable.
Future trends to watch include potential shifts in Asia-Pacific as emerging markets might increase their shares, and European countries might focus on sustainability and supply chain diversification, influencing demand patterns. Monitoring currency fluctuations and trade policies will be crucial for forecasting import behaviors.
Top countries in Frozen Catfish Fillets Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 23.88 | 2023 | +13.66% | +6.18% | View data |
| 2 | 2 Mexico | 21.7 | 2023 | +13.5% | +1.3% | View data |
| 3 | 3 United Kingdom | 11.2 | 2023 | +7.4% | +4.75% | View data |
| 4 | 4 Philippines | 10.97 | 2023 | +26.67% | +4.31% | View data |
| 5 | 5 Netherlands | 9.57 | 2023 | -3.08% | -3.41% | View data |
| 6 | 6 Japan | 5.66 | 2023 | +11.15% | -0.49% | View data |
| 7 | 7 Germany | 4.26 | 2023 | -19.58% | -7.02% | View data |
| 8 | 8 Colombia | 2.61 | 2023 | +1.3% | -5.85% | View data |
| 9 | 9 Russia | 2.26 | 2023 | -16.84% | -10.61% | View data |
| 10 | 10 South Korea | 1.05 | 2023 | +14.69% | +2.3% | View data |
