Frozen Tilapia Fillets Price in Italy - 2023
Contents:
- Frozen Tilapia Fillets Price in Italy (CIF) - 2023
- Frozen Tilapia Fillets Price in Italy (FOB) - 2022
- Frozen Tilapia Fillets Imports in Italy
- Frozen Tilapia Fillets Exports in Italy
Frozen Tilapia Fillets Price in Italy (CIF) - 2023
In June 2023, the average frozen tilapia fillets import price amounted to $4,046 per ton, shrinking by -9.9% against the previous month. Overall, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 17% month-to-month. Over the period under review, average import prices reached the maximum at $5,150 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat 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 Denmark ($6,925 per ton), while the price for Vietnam ($3,775 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 Denmark (+0.0%), while the prices for the other major suppliers experienced a decline.
Frozen Tilapia Fillets Price in Italy (FOB) - 2022
The average frozen tilapia fillets export price stood at $9,997 per ton in 2022, growing by 49% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 increased by +107.6% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($10,669 per ton) and Croatia ($8,680 per ton), while the average price for exports to Germany ($7,159 per ton) and Austria ($7,821 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Imports in Italy
In 2022, approx. 1K tons of frozen tilapia fillets were imported into Italy; surging by 44% compared with 2021. Overall, imports, however, continue to indicate a perceptible setback.
In value terms, frozen tilapia fillets imports surged to $5.3M in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Frozen Tilapia Fillets in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,759 | 669 | 1,109 | 1,781 | 0.4% |
| Thailand | 745 | 468 | 857 | 1,191 | 16.9% |
| Vietnam | 813 | 356 | 686 | 954 | 5.5% |
| Denmark | 470 | 420 | 566 | 786 | 18.7% |
| Netherlands | 134 | 102 | 224 | 311 | 32.4% |
| Spain | 151 | 128 | 69.5 | 179 | 5.8% |
| Others | 86.4 | 103 | 146 | 110 | 8.4% |
| Total | 4,159 | 2,246 | 3,658 | 5,312 | 8.5% |
Top Suppliers of Frozen Tilapia Fillets to Italy in 2022:
- China (438.3 tons)
- Vietnam (260.3 tons)
- Thailand (146.3 tons)
- Denmark (78.9 tons)
- Netherlands (52.5 tons)
- Spain (28.3 tons)
Frozen Tilapia Fillets Exports in Italy
For the fourth consecutive year, Italy recorded growth in overseas shipments of frozen tilapia fillets, which increased by 26% to 19 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 224%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, frozen tilapia fillets exports surged to $195K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 244%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Frozen Tilapia Fillets in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 6.7 | 19.5 | 58.2 | 157 | 186.2% |
| Hungary | 0.2 | 6.0 | 6.1 | 16.4 | 334.4% |
| Germany | 4.9 | 0.4 | 2.0 | 6.4 | 9.3% |
| Austria | 5.1 | 1.4 | 0.6 | 6.2 | 6.7% |
| Croatia | 5.0 | 0.2 | 0.9 | 5.5 | 3.2% |
| Slovakia | 1.6 | 0.2 | 0.1 | 1.6 | 0.0% |
| Netherlands | N/A | N/A | 32.2 | N/A | 0% |
| Others | 0.7 | 2.4 | 3.8 | 1.8 | 37.0% |
| Total | 24.2 | 30.2 | 104 | 195 | 100.5% |
Top Export Markets for Frozen Tilapia Fillets from Italy in 2022:
- Romania (14.7 tons)
- Hungary (2.0 tons)
- Germany (0.9 tons)
- Austria (0.8 tons)
- Croatia (0.6 tons)
- Slovakia (0.3 tons)
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