Frozen Tilapia Fillets Price in Thailand - 2023
Contents:
- Frozen Tilapia Fillets Price in Thailand (CIF) - 2022
- Frozen Tilapia Fillets Price in Thailand (FOB) - 2022
- Frozen Tilapia Fillets Imports in Thailand
- Frozen Tilapia Fillets Exports in Thailand
Frozen Tilapia Fillets Price in Thailand (CIF) - 2022
In 2022, the average frozen tilapia fillets import price amounted to $5,935 per ton, with an increase of 21% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($11,651 per ton), while the price for China ($5,006 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Tilapia Fillets Price in Thailand (FOB) - 2022
The average frozen tilapia fillets export price stood at $6,720 per ton in 2022, jumping by 22% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +3.9% per year.
Frozen Tilapia Fillets Imports in Thailand
In 2022, approx. 788 tons of frozen tilapia fillets were imported into Thailand; picking up by 3.8% against 2021. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 43%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, frozen tilapia fillets imports surged to $4.7M in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 50%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Frozen Tilapia Fillets in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 1.0 | 1.6 | 2.8 | 29.1% |
| Indonesia | 1.1 | 1.1 | 1.6 | 1.0 | -3.1% |
| Taiwan (Chinese) | 0.2 | 0.4 | 0.5 | 0.9 | 65.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.7 | 2.5 | 3.7 | 4.7 | 20.3% |
Top Suppliers of Frozen Tilapia Fillets to Thailand in 2022:
- China (563.2 tons)
- Indonesia (149.4 tons)
- Taiwan (Chinese) (75.3 tons)
Frozen Tilapia Fillets Exports in Thailand
In 2022, exports of frozen tilapia fillets from Thailand shrank rapidly to 119 tons, dropping by -30.9% compared with the year before. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 146% against the previous year. As a result, the exports attained the peak of 172 tons, and then contracted sharply in the following year.
In value terms, frozen tilapia fillets exports reduced rapidly to $797K in 2022. In general, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 133% against the previous year. As a result, the exports reached the peak of $945K, and then contracted markedly in the following year.
| Export of Frozen Tilapia Fillets in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 712 | 398 | 806 | 796 | 3.8% |
| United States | N/A | N/A | 132 | N/A | 0% |
| Others | 12.2 | 7.2 | 7.5 | 0.4 | -68.0% |
| Total | 724 | 405 | 945 | 797 | 3.3% |
Top Export Markets for Frozen Tilapia Fillets from Thailand in 2022:
- Italy (118.5 tons)
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