Frozen Tilapia Fillets Price in Indonesia - 2022

Frozen Tilapia Fillets Price in Indonesia (FOB) - 2022

The average frozen tilapia fillets export price stood at $7,017 per ton in March 2022, increasing by 3.8% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 when the average export price increased by 7.4% m-o-m. Over the period under review, the average export prices reached the peak figure in March 2022.

There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was the United States ($7,297 per ton), while the average price for exports to Taiwan (Chinese) ($4,249 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Tilapia Fillets Price in Indonesia (CIF) - 2022

In 2022, the average frozen tilapia fillets import price amounted to $4,205 per ton, waning by -1.8% against the previous year. Overall, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $7,700 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -2.5% per year.

Frozen Tilapia Fillets Exports in Indonesia

In 2022, overseas shipments of frozen tilapia fillets decreased by -12.1% to 8.9K tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 0.5% against the previous year. As a result, the exports reached the peak of 11K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen tilapia fillets exports fell modestly to $63M in 2022. Over the period under review, exports recorded a slight reduction. The growth pace was the most rapid in 2020 when exports increased by 16%. As a result, the exports reached the peak of $76M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Frozen Tilapia Fillets in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	46.3	45.0	36.3	39.3	-5.3%
Canada	2.8	11.9	7.5	7.6	39.5%
Netherlands	5.0	4.8	3.0	3.9	-7.9%
Germany	2.3	3.7	2.0	2.4	1.4%
Taiwan (Chinese)	1.6	3.4	1.9	2.2	11.2%
Poland	1.4	1.5	1.6	1.6	4.6%
Singapore	1.9	1.7	1.3	1.5	-7.6%
Others	4.1	3.9	11.1	4.1	0.0%
Total	65.3	75.9	64.7	62.6	-1.4%

Top Export Markets for Frozen Tilapia Fillets from Indonesia in 2022:

United States (5.2K tons)
Canada (1.0K tons)
Taiwan (Chinese) (0.7K tons)
Netherlands (0.6K tons)
Germany (0.4K tons)
Singapore (0.2K tons)
Poland (0.2K tons)

Frozen Tilapia Fillets Imports in Indonesia

In 2022, the amount of frozen tilapia fillets imported into Indonesia shrank remarkably to 4.6 tons, waning by -20% against the previous year. In general, imports faced a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 67%.

In value terms, frozen tilapia fillets imports dropped remarkably to $19K in 2022. Over the period under review, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 76%.