Frozen Tilapia Fillets Price in Norway - 2023
Contents:
- Frozen Tilapia Fillets Price in Norway (CIF) - 2022
- Frozen Tilapia Fillets Price in Norway (FOB) - 2022
- Frozen Tilapia Fillets Imports in Norway
- Frozen Tilapia Fillets Exports in Norway
Frozen Tilapia Fillets Price in Norway (CIF) - 2022
The average frozen tilapia fillets import price stood at $8,488 per ton in 2022, with an increase of 16% against the previous year. Overall, the import price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2015 an increase of 45%. The import price peaked at $12,184 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($37,736 per ton), while the price for Sweden ($2,647 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Tilapia Fillets Price in Norway (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $4,998 per ton, declining by -3.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13%. The export price peaked at $5,659 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Austria.
From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to +24.0% per year.
Frozen Tilapia Fillets Imports in Norway
After three years of growth, purchases abroad of frozen tilapia fillets decreased by -36.8% to 17 tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of 27 tons, and then dropped notably in the following year.
In value terms, frozen tilapia fillets imports reduced dramatically to $144K in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. As a result, imports attained the peak of $196K, and then shrank dramatically in the following year.
| Import of Frozen Tilapia Fillets in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 16.1 | 43.9 | 38.6 | 66.9% |
| Taiwan (Chinese) | 31.6 | 36.0 | 36.6 | 34.0 | 2.5% |
| Germany | 45.3 | 38.5 | 32.8 | 16.7 | -28.3% |
| Belgium | 7.9 | 10.6 | 14.3 | 15.0 | 23.8% |
| Denmark | 6.5 | 6.4 | 14.5 | 12.8 | 25.3% |
| Netherlands | 8.8 | 14.4 | 9.8 | 10.8 | 7.1% |
| Vietnam | 1.3 | 3.3 | 6.6 | 5.8 | 64.6% |
| Sweden | 1.6 | 1.5 | 1.1 | 1.4 | -4.4% |
| Others | 7.3 | 3.4 | 36.8 | 9.1 | 7.6% |
| Total | 119 | 130 | 196 | 144 | 6.6% |
Top Suppliers of Frozen Tilapia Fillets to Norway in 2022:
- China (6.9 tons)
- Netherlands (2.8 tons)
- Belgium (2.7 tons)
- Taiwan (Chinese) (1.5 tons)
- Vietnam (0.9 tons)
- Germany (0.8 tons)
- Denmark (0.5 tons)
- Sweden (0.5 tons)
Frozen Tilapia Fillets Exports in Norway
In 2022, after three years of growth, there was significant decline in overseas shipments of frozen tilapia fillets, when their volume decreased by -12.8% to 16 tons. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports attained the peak of 18 tons, and then reduced in the following year.
In value terms, frozen tilapia fillets exports dropped remarkably to $79K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +49.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports attained the peak of $94K, and then declined sharply in the following year.
| Export of Frozen Tilapia Fillets in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 51.0 | 56.3 | 3.5 | 78.7 | 15.6% |
| Finland | N/A | 7.3 | N/A | N/A | 0% |
| Poland | N/A | N/A | 23.7 | N/A | 0% |
| Israel | N/A | N/A | 66.4 | N/A | 0% |
| Others | 1.5 | N/A | N/A | N/A | 0% |
| Total | 52.5 | 63.7 | 93.6 | 78.7 | 14.4% |
Top Export Markets for Frozen Tilapia Fillets from Norway in 2022:
- Austria (15.7 tons)
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