Frozen Tilapia Fillets Price in China - 2023
Contents:
- Frozen Tilapia Fillets Price in China (FOB) - 2023
- Frozen Tilapia Fillets Price in China (CIF) - 2021
- Frozen Tilapia Fillets Exports in China
- Frozen Tilapia Fillets Imports in China
Frozen Tilapia Fillets Price in China (FOB) - 2023
The average frozen tilapia fillets export price stood at $3,007 per ton in June 2023, which is down by -3.2% against the previous month. In general, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in January 2023 an increase of 2% m-o-m. Over the period under review, the average export prices hit record highs at $4,147 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($3,981 per ton), while the average price for exports to Peru ($2,490 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-0.3%), while the prices for the other major destinations experienced a decline.
Frozen Tilapia Fillets Price in China (CIF) - 2021
The average frozen tilapia fillets import price stood at $6,959 per ton in June 2020, dropping by -23.2% against the previous month. Over the period under review, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in April 2020 an increase of 48% m-o-m. As a result, import price attained the peak level of $9,185 per ton. From May 2020 to June 2020, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From January 2020 to June 2020, the rate of growth in terms of prices for Indonesia amounted to -4.9% per month.
Frozen Tilapia Fillets Exports in China
After two years of decline, shipments abroad of frozen tilapia fillets increased by 4.2% to 27K tons in 2022. Overall, exports, however, recorded a sharp curtailment.
In value terms, frozen tilapia fillets exports soared to $104M in 2022. Over the period under review, exports, however, showed a significant curtailment.
| Export of Frozen Tilapia Fillets in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 12.5 | 13.3 | 16.6 | 17.4 | 11.7% |
| Germany | 3.6 | 3.1 | 4.2 | 11.9 | 49.0% |
| Spain | 9.7 | 4.0 | 5.8 | 11.6 | 6.1% |
| United States | 111 | 16.6 | 12.1 | 9.1 | -56.6% |
| Canada | 8.3 | 6.0 | 6.2 | 8.3 | 0.0% |
| Netherlands | 4.5 | 3.3 | 4.9 | 7.6 | 19.1% |
| Poland | 6.7 | 4.8 | 8.0 | 6.7 | 0.0% |
| Mexico | 22.4 | 6.2 | 4.6 | 4.8 | -40.2% |
| Costa Rica | 6.3 | 3.7 | 3.1 | 4.4 | -11.3% |
| United Kingdom | 2.6 | 2.5 | 2.2 | 3.6 | 11.5% |
| Italy | 2.2 | 0.6 | 1.3 | 2.8 | 8.4% |
| Colombia | 1.8 | 3.5 | 3.4 | 1.7 | -1.9% |
| Peru | 1.5 | 1.5 | 1.8 | 1.6 | 2.2% |
| Others | 42.0 | 13.9 | 14.6 | 12.1 | -34.0% |
| Total | 235 | 83.0 | 89.0 | 104 | -23.8% |
Top Export Markets for Frozen Tilapia Fillets from China in 2022:
- Russia (4.9K tons)
- Spain (3.4K tons)
- Germany (2.7K tons)
- United States (2.1K tons)
- Netherlands (2.1K tons)
- Poland (2.1K tons)
- Canada (1.4K tons)
- Mexico (1.4K tons)
- Costa Rica (1.3K tons)
- United Kingdom (1.0K tons)
- Italy (0.7K tons)
- Colombia (0.5K tons)
- Peru (0.5K tons)
Frozen Tilapia Fillets Imports in China
In 2022, the amount of frozen tilapia fillets imported into China soared to 118 tons, with an increase of 30% compared with 2021 figures. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 164%. As a result, imports reached the peak of 145 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, frozen tilapia fillets imports surged to $446K in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 181%. As a result, imports attained the peak of $628K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Frozen Tilapia Fillets in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.1 | 0.3 | N/A | 446 | 1546.1% |
| United States | 120 | 353 | N/A | N/A | 194.2% |
| Costa Rica | 39.3 | N/A | N/A | N/A | 0% |
| Indonesia | 63.3 | 247 | N/A | N/A | 290.2% |
| Singapore | N/A | N/A | 153 | N/A | 0% |
| Honduras | N/A | N/A | 111 | N/A | 0% |
| Others | N/A | 27.0 | N/A | N/A | 0% |
| Total | 223 | 628 | 264 | 446 | 26.0% |
Top Suppliers of Frozen Tilapia Fillets to China in 2022:
- Brazil (118.4 tons)
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