Frozen Tilapia Fillets Price in Lithuania - 2023
Contents:
- Frozen Tilapia Fillets Price in Lithuania (CIF) - 2022
- Frozen Tilapia Fillets Price in Lithuania (FOB) - 2022
- Frozen Tilapia Fillets Imports in Lithuania
- Frozen Tilapia Fillets Exports in Lithuania
Frozen Tilapia Fillets Price in Lithuania (CIF) - 2022
The average frozen tilapia fillets import price stood at $4,215 per ton in 2022, surging by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($4,913 per ton), while the price for Bulgaria ($3,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Tilapia Fillets Price in Lithuania (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $4,411 per ton, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2014 when the average export price increased by 34%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($5,236 per ton), while the average price for exports to Latvia ($4,317 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 the Czech Republic (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Imports in Lithuania
In 2022, imports of frozen tilapia fillets into Lithuania expanded rapidly to 214 tons, increasing by 8.9% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year.
In value terms, frozen tilapia fillets imports soared to $901K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +98.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Frozen Tilapia Fillets in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 510 | 213 | 405 | 371 | -10.1% |
| Latvia | 68.3 | 62.5 | 81.0 | 265 | 57.1% |
| Poland | 108 | 114 | 152 | 220 | 26.8% |
| Bulgaria | N/A | N/A | N/A | 32.1 | 0% |
| Vietnam | N/A | 53.3 | 34.5 | N/A | -35.3% |
| Germany | 44.7 | N/A | 1.6 | N/A | -81.1% |
| Others | 0.1 | 10.8 | 0.7 | 12.9 | 405.3% |
| Total | 731 | 453 | 675 | 901 | 7.2% |
Top Suppliers of Frozen Tilapia Fillets to Lithuania in 2022:
- China (92.6 tons)
- Poland (54.8 tons)
- Latvia (54.0 tons)
- Bulgaria (10.0 tons)
Frozen Tilapia Fillets Exports in Lithuania
In 2022, the amount of frozen tilapia fillets exported from Lithuania contracted dramatically to 43 tons, with a decrease of -16.1% compared with 2021. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 1.6%.
In value terms, frozen tilapia fillets exports contracted to $188K in 2022. Over the period under review, exports continue to indicate a deep setback. The smallest decline of -0.6% was in 2021.
| Export of Frozen Tilapia Fillets in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 141 | 132 | 96.3 | 121 | -5.0% |
| Estonia | 61.9 | 40.4 | 50.0 | 50.8 | -6.4% |
| Czech Republic | 58.0 | 23.8 | 50.7 | 16.1 | -34.8% |
| Others | 1.4 | 2.3 | 0.4 | N/A | -46.5% |
| Total | 262 | 198 | 197 | 188 | -10.5% |
Top Export Markets for Frozen Tilapia Fillets from Lithuania in 2022:
- Latvia (28.1 tons)
- Estonia (11.5 tons)
- Czech Republic (3.1 tons)
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