Frozen Tilapias Price in Panama - 2023
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Frozen Tilapias Price in Panama (FOB) - 2022
In 2022, the average frozen tilapias export price amounted to $2,140 per ton, surging by 3.7% against the previous year. Over the last six years, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2018 an increase of 8.4%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,151 per ton), while the average price for exports to the Dominican Republic stood at $1,980 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.8%).
Frozen Tilapias Exports in Panama
In 2022, exports of frozen tilapias from Panama surged to 303 tons, jumping by 62% compared with 2021 figures. In general, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen tilapias exports skyrocketed to $647K in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Tilapias in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 368 | 581 | 384 | 609 | 18.3% |
| Dominican Republic | 163 | N/A | N/A | 36.8 | -39.1% |
| Others | 0.2 | N/A | N/A | 1.8 | 108.0% |
| Total | 531 | 581 | 384 | 647 | 6.8% |
Top Export Markets for Frozen Tilapias from Panama in 2022:
- United States (283.0 tons)
- Dominican Republic (18.6 tons)
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