Frozen Tilapia Fillets Price in Chile - 2023
Contents:
- Frozen Tilapia Fillets Price in Chile (CIF) - 2023
- Frozen Tilapia Fillets Price in Chile (FOB) - 2022
- Frozen Tilapia Fillets Imports in Chile
- Frozen Tilapia Fillets Exports in Chile
Frozen Tilapia Fillets Price in Chile (CIF) - 2023
In July 2023, the average frozen tilapia fillets import price amounted to $2,697 per ton, leveling off at the previous month. Overall, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 15% against the previous month. The import price peaked at $3,883 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -3.0% per month.
Frozen Tilapia Fillets Price in Chile (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $5,245 per ton, falling by -9.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2021 when the average export price increased by 23%. As a result, the export price reached the peak level of $5,769 per ton, and then reduced in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,376 per ton), while the average price for exports to Austria stood at $3,809 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.5%).
Frozen Tilapia Fillets Imports in Chile
In 2022, the amount of frozen tilapia fillets imported into Chile declined to 686 tons, reducing by -13.4% against 2021 figures. Overall, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of 792 tons, and then shrank in the following year.
In value terms, frozen tilapia fillets imports stood at $2.6M in 2022. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2021 when imports increased by 128%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Frozen Tilapia Fillets in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.1 | 1.0 | 2.4 | 2.5 | 6.0% |
| Costa Rica | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.2 | 1.1 | 2.6 | 2.6 | 5.7% |
Top Suppliers of Frozen Tilapia Fillets to Chile in 2022:
- China (660.1 tons)
- Costa Rica (16.4 tons)
Frozen Tilapia Fillets Exports in Chile
In 2022, overseas shipments of frozen tilapia fillets decreased by -4.1% to 856 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 9.2% against the previous year. As a result, the exports reached the peak of 893 kg, and then shrank in the following year.
In value terms, frozen tilapia fillets exports fell to $4.5K in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, the exports reached the peak of $5.2K, and then declined in the following year.
| Export of Frozen Tilapia Fillets in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.1 | 3.7 | 4.8 | 4.2 | 10.7% |
| Austria | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Trinidad and Tobago | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.3 | 3.8 | 5.2 | 4.5 | 10.9% |
Top Export Markets for Frozen Tilapia Fillets from Chile in 2022:
- United States (784.0 kg)
- Austria (72.0 kg)
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