Frozen Tilapia Fillets Price in Canada - 2023
Contents:
- Frozen Tilapia Fillets Price in Canada (CIF) - 2023
- Frozen Tilapia Fillets Price in Canada (FOB) - 2022
- Frozen Tilapia Fillets Imports in Canada
- Frozen Tilapia Fillets Exports in Canada
Frozen Tilapia Fillets Price in Canada (CIF) - 2023
The average frozen tilapia fillets import price stood at $4,552 per ton in June 2023, with an increase of 41% against the previous month. Overall, the import price, however, showed a slight shrinkage. The import price peaked at $6,924 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Indonesia ($9,689 per ton), while the price for Taiwan (Chinese) ($2,970 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+2.3%), while the prices for the other major suppliers experienced a decline.
Frozen Tilapia Fillets Price in Canada (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $8,595 per ton, rising by 12% against the previous year. Overall, the export price posted pronounced growth. The growth pace was the most rapid in 2015 when the average export price increased by 109% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.3% per year.
Frozen Tilapia Fillets Imports in Canada
Frozen tilapia fillets imports into Canada soared to 4.2K tons in 2022, picking up by 31% against the previous year. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen tilapia fillets imports surged to $25M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Tilapia Fillets in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.1 | 10.3 | 12.5 | 16.7 | 14.6% |
| Indonesia | 3.5 | 3.3 | 3.6 | 4.9 | 11.9% |
| Taiwan (Chinese) | 1.8 | 1.6 | 1.4 | 2.1 | 5.3% |
| Others | 0.4 | 0.4 | 0.7 | 0.9 | 31.0% |
| Total | 16.8 | 15.6 | 18.2 | 24.6 | 13.6% |
Top Suppliers of Frozen Tilapia Fillets to Canada in 2022:
- China (3.2K tons)
- Indonesia (0.6K tons)
- Taiwan (Chinese) (0.4K tons)
Frozen Tilapia Fillets Exports in Canada
In 2022, the amount of frozen tilapia fillets exported from Canada reached 304 tons, therefore, remained relatively stable against the previous year's figure. In general, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 445% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, frozen tilapia fillets exports totaled $2.6M in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 364%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Frozen Tilapia Fillets in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 1.3 | 2.3 | 2.6 | 105.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.3 | 1.3 | 2.3 | 2.6 | 105.4% |
Top Export Markets for Frozen Tilapia Fillets from Canada in 2022:
- United States (303.7 tons)
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