Frozen Tilapia Fillets Price in Colombia - 2022
Contents:
- Frozen Tilapia Fillets Price in Colombia (CIF) - 2022
- Frozen Tilapia Fillets Price in Colombia (FOB) - 2022
- Frozen Tilapia Fillets Imports in Colombia
- Frozen Tilapia Fillets Exports in Colombia
Frozen Tilapia Fillets Price in Colombia (CIF) - 2022
In February 2022, the average frozen tilapia fillets import price amounted to $3,367 per ton, picking up by 18% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +3.6%. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 31% against the previous month. Over the period under review, average import prices attained the maximum in February 2022.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2021 to February 2022, the rate of growth in terms of prices for China amounted to +3.7% per month.
Frozen Tilapia Fillets Price in Colombia (FOB) - 2022
The average frozen tilapia fillets export price stood at $5,701 per ton in 2022, with an increase of 2% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen tilapia fillets export price decreased by -3.9% against 2020 indices. The growth pace was the most rapid in 2015 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $8,216 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($6,450 per ton), while the average price for exports to the United States ($5,586 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Imports in Colombia
Frozen tilapia fillets imports into Colombia rose rapidly to 1.2K tons in 2022, picking up by 9.9% compared with the year before. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 decreased by -8.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 70%. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, frozen tilapia fillets imports totaled $3.5M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 decreased by -2.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year. As a result, imports reached the peak of $3.6M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Frozen Tilapia Fillets in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.1 | 3.5 | 3.3 | 3.4 | 17.4% |
| Vietnam | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 2.2 | 3.6 | 3.4 | 3.5 | 16.7% |
Top Suppliers of Frozen Tilapia Fillets to Colombia in 2022:
- China (1123.5 tons)
- Vietnam (27.8 tons)
Frozen Tilapia Fillets Exports in Colombia
After three years of growth, shipments abroad of frozen tilapia fillets decreased by -26.1% to 225 tons in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 110%. As a result, the exports attained the peak of 305 tons, and then reduced markedly in the following year.
In value terms, frozen tilapia fillets exports dropped rapidly to $1.3M in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 98%. As a result, the exports attained the peak of $1.7M, and then fell rapidly in the following year.
| Export of Frozen Tilapia Fillets in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 433 | 557 | 1,358 | 1,023 | 33.2% |
| Canada | 4.3 | 39.6 | 239 | 180 | 247.2% |
| Ecuador | N/A | 111 | 109 | 81.8 | -14.2% |
| Peru | N/A | 134 | N/A | N/A | 0% |
| Others | 3.9 | 22.0 | 0.3 | N/A | -72.3% |
| Total | 441 | 864 | 1,706 | 1,285 | 42.8% |
Top Export Markets for Frozen Tilapia Fillets from Colombia in 2022:
- United States (183.2 tons)
- Canada (27.9 tons)
- Ecuador (14.3 tons)
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