Frozen Tilapia Fillets Price in Azerbaijan - 2023
Contents:
Frozen Tilapia Fillets Price in Azerbaijan (CIF) - 2022
In 2022, the average frozen tilapia fillets import price amounted to $1,593 per ton, shrinking by -19.8% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 an increase of 71% against the previous year. The import price peaked at $2,419 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to +14.4% per year.
Frozen Tilapia Fillets Imports in Azerbaijan
In 2022, imports of frozen tilapia fillets into Azerbaijan skyrocketed to 102 tons, picking up by 46% on the previous year's figure. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 74%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, frozen tilapia fillets imports skyrocketed to $162K in 2022. The total import value increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 38%. As a result, imports reached the peak of $163K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Frozen Tilapia Fillets in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 118 | 163 | 138 | 162 | 11.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 118 | 163 | 138 | 162 | 11.1% |
Top Suppliers of Frozen Tilapia Fillets to Azerbaijan in 2022:
- China (102.0 tons)
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