Frozen Tilapia Fillets Price in Panama - 2023

Contents:

1. Frozen Tilapia Fillets Price in Panama (CIF) - 2023
2. Frozen Tilapia Fillets Price in Panama (FOB) - 2022
3. Frozen Tilapia Fillets Imports in Panama
4. Frozen Tilapia Fillets Exports in Panama

Frozen Tilapia Fillets Price in Panama (CIF) - 2023

In June 2023, the average frozen tilapia fillets import price amounted to $3,817 per ton, surging by 17% against the previous month. In general, the import price, however, showed a pronounced slump. The pace of growth was the most pronounced in April 2023 when the average import price increased by 143% against the previous month. As a result, import price attained the peak level of $7,521 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -2.3% per month.

Frozen Tilapia Fillets Price in Panama (FOB) - 2022

In 2022, the average frozen tilapia fillets export price amounted to $3,900 per ton, increasing by 12% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 19%. As a result, the export price reached the peak level of $4,141 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,901 per ton), while the average price for exports to Costa Rica totaled $3,900 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.1%).

Frozen Tilapia Fillets Imports in Panama

In 2022, the amount of frozen tilapia fillets imported into Panama declined dramatically to 190 tons, dropping by -55.3% compared with 2021 figures. Overall, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 303%.

In value terms, frozen tilapia fillets imports contracted markedly to $855K in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 323% against the previous year.

Top Suppliers of Frozen Tilapia Fillets to Panama in 2022:

1. China (189.3 tons)

Frozen Tilapia Fillets Exports in Panama

In 2022, overseas shipments of frozen tilapia fillets decreased by -77.6% to 5.5 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a sharp curtailment. The pace of growth was the most pronounced in 2020 with an increase of 252% against the previous year. As a result, the exports reached the peak of 71 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen tilapia fillets exports shrank significantly to $21K in 2022. In general, exports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 231%. As a result, the exports reached the peak of $277K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Frozen Tilapia Fillets from Panama in 2022:

1. United States (3.9 tons)
2. Costa Rica (1.6 tons)

Source: IndexBox Market Intelligence Platform