Frozen Tilapia Fillets Price in Japan - 2023

Contents:

1. Frozen Tilapia Fillets Price in Japan (CIF) - 2023
2. Frozen Tilapia Fillets Price in Japan (FOB) - 2022
3. Frozen Tilapia Fillets Imports in Japan
4. Frozen Tilapia Fillets Exports in Japan

Frozen Tilapia Fillets Price in Japan (CIF) - 2023

The average frozen tilapia fillets import price stood at $10,628 per ton in July 2023, which is down by -31% against the previous month. In general, import price indicated a tangible expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, frozen tilapia fillets import price increased by +14.1% against February 2023 indices. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 54% month-to-month. As a result, import price attained the peak level of $15,400 per ton, and then contracted sharply in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Indonesia ($12,750 per ton), while the price for Vietnam ($4,665 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Tilapia Fillets Price in Japan (FOB) - 2022

In 2022, the average frozen tilapia fillets export price amounted to $2,804 per ton, picking up by 21% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 85%. Over the period under review, the average export prices reached the peak figure at $7,169 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($4,154 per ton), while the average price for exports to Switzerland stood at $2,737 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.8%).

Frozen Tilapia Fillets Imports in Japan

In 2022, after two years of decline, there was significant growth in supplies from abroad of frozen tilapia fillets, when their volume increased by 21% to 150 tons. Overall, imports, however, showed a deep contraction.

In value terms, frozen tilapia fillets imports surged to $1.6M in 2022. In general, imports, however, showed a abrupt slump.

Top Suppliers of Frozen Tilapia Fillets to Japan in 2022:

1. Taiwan (Chinese) (68.3 tons)
2. United States (41.3 tons)
3. Indonesia (25.5 tons)
4. Brazil (7.0 tons)
5. Vietnam (6.2 tons)

Frozen Tilapia Fillets Exports in Japan

Frozen tilapia fillets exports from Japan shrank to 832 kg in 2022, remaining relatively unchanged against the previous year. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. As a result, the exports attained the peak of 843 kg, and then fell modestly in the following year.

In value terms, frozen tilapia fillets exports skyrocketed to $2.3K in 2022. Overall, exports recorded a deep reduction.

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

1. Switzerland (792.0 kg)
2. Singapore (40.0 kg)

Source: IndexBox Market Intelligence Platform