Frozen Tilapia Fillets Price in Brazil - 2023
Contents:
- Frozen Tilapia Fillets Price in Brazil (FOB) - 2022
- Frozen Tilapia Fillets Price in Brazil (CIF) - 2022
- Frozen Tilapia Fillets Exports in Brazil
- Frozen Tilapia Fillets Imports in Brazil
Frozen Tilapia Fillets Price in Brazil (FOB) - 2022
The average frozen tilapia fillets export price stood at $5,722 per ton in 2022, declining by -2.4% against the previous year. In general, the export price showed a abrupt slump. The growth pace was the most rapid in 2020 an increase of 62% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,048 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,091 per ton), while the average price for exports to Libya ($3,754 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 Albania (+5.6%), while the prices for the other major destinations experienced a decline.
Frozen Tilapia Fillets Price in Brazil (CIF) - 2022
The average frozen tilapia fillets import price stood at $5,634 per ton in 2022, increasing by 6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2018 an increase of 49%. As a result, import price attained the peak level of $6,312 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.0% per year.
Frozen Tilapia Fillets Exports in Brazil
In 2022, approx. 755 tons of frozen tilapia fillets were exported from Brazil; picking up by 103% compared with 2021 figures. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 482% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, frozen tilapia fillets exports soared to $4.3M in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 657%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Frozen Tilapia Fillets in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 309 | 90.7 | 1,989 | 3,623 | 127.2% |
| Libya | N/A | N/A | 56.8 | 320 | 463.4% |
| Canada | 30.9 | 75.9 | 33.5 | 112 | 53.6% |
| Albania | N/A | N/A | 12.5 | 58.5 | 368.0% |
| Others | 82.7 | 122 | 92.7 | 207 | 35.8% |
| Total | 423 | 289 | 2,185 | 4,320 | 117.0% |
Top Export Markets for Frozen Tilapia Fillets from Brazil in 2022:
- United States (594.8 tons)
- Libya (85.2 tons)
- Canada (19.6 tons)
- Albania (13.0 tons)
Frozen Tilapia Fillets Imports in Brazil
After two years of decline, overseas purchases of frozen tilapia fillets increased by 83% to 11 tons in 2022. In general, imports, however, faced a deep slump.
In value terms, frozen tilapia fillets imports soared to $64K in 2022. Over the period under review, imports, however, recorded a abrupt slump.
| Import of Frozen Tilapia Fillets in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 102 | 93.4 | 32.7 | 63.6 | -14.6% |
| Others | N/A | 1.1 | N/A | N/A | 0% |
| Total | 102 | 94.5 | 32.7 | 63.6 | -14.6% |
Top Suppliers of Frozen Tilapia Fillets to Brazil in 2022:
- United States (11.3 tons)
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