Price for Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in the Philippines - 2023
Contents:
- Price for Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in the Philippines (CIF) - 2022
- Imports of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in the Philippines
Price for Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in the Philippines (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, nile perch (lates niloticus)s amounted to $7,193 per ton, which is down by -2.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 295%. The import price peaked at $49,130 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +0.6% per year.
Imports of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in the Philippines
After three years of growth, overseas purchases of fish fillets; frozen, nile perch (lates niloticus)s decreased by -16.1% to 6.1 tons in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 304%. As a result, imports attained the peak of 7.3 tons, and then fell dramatically in the following year.
In value terms, imports of fish fillets; frozen, nile perch (lates niloticus)s fell dramatically to $44K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, imports attained the peak of $54K, and then dropped sharply in the following year.
| Import of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 23.9 | 31.2 | 53.5 | 44.1 | 22.7% |
| Others | 1.0 | 0.8 | 0.6 | N/A | -22.5% |
| Total | 24.9 | 32.0 | 54.2 | 44.1 | 21.0% |
Top Suppliers of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) to the Philippines in 2022:
- Vietnam (6.1 tons)
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