Frozen Tilapia Fillets Price in Latvia - 2023

Contents:

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

Frozen Tilapia Fillets Price in Latvia (CIF) - 2022

In 2022, the average frozen tilapia fillets import price amounted to $4,613 per ton, jumping by 27% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Estonia ($6,400 per ton) and the Netherlands ($4,845 per ton), while the price for Poland ($4,381 per ton) and Lithuania ($4,511 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Tilapia Fillets Price in Latvia (FOB) - 2022

In 2022, the average frozen tilapia fillets export price amounted to $4,812 per ton, increasing by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 when the average export price increased by 25%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($6,031 per ton), while the average price for exports to Lithuania ($4,775 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Tilapia Fillets Imports in Latvia

In 2022, approx. 81 tons of frozen tilapia fillets were imported into Latvia; growing by 15% against 2021. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen tilapia fillets imports skyrocketed to $374K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Frozen Tilapia Fillets to Latvia in 2022:

1. China (38.9 tons)
2. Lithuania (24.7 tons)
3. Poland (10.6 tons)
4. Netherlands (6.7 tons)

Frozen Tilapia Fillets Exports in Latvia

For the fourth year in a row, Latvia recorded growth in shipments abroad of frozen tilapia fillets, which increased by 196% to 59 tons in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen tilapia fillets exports soared to $283K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Lithuania (55.9 tons)
2. Germany (1.6 tons)
3. Estonia (0.5 tons)

Source: IndexBox Market Intelligence Platform