Frozen Tilapia Fillets Price in Mexico - 2023
Contents:
- Frozen Tilapia Fillets Price in Mexico (CIF) - 2023
- Frozen Tilapia Fillets Price in Mexico (FOB) - 2022
- Frozen Tilapia Fillets Imports in Mexico
- Frozen Tilapia Fillets Exports in Mexico
Frozen Tilapia Fillets Price in Mexico (CIF) - 2023
In February 2023, the average frozen tilapia fillets import price amounted to $2,241 per ton, dropping by -3.8% against the previous month. Over the period under review, the import price showed a pronounced reduction. The import price peaked at $3,199 per ton in April 2022; however, from May 2022 to February 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2022 to February 2023, the rate of growth in terms of prices for China amounted to -2.5% per month.
Frozen Tilapia Fillets Price in Mexico (FOB) - 2022
The average frozen tilapia fillets export price stood at $5,846 per ton in 2022, growing by 3.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 39%. As a result, the export price reached the peak level of $7,600 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.8% per year.
Frozen Tilapia Fillets Imports in Mexico
In 2022, supplies from abroad of frozen tilapia fillets decreased by -4% to 65K tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +12.9% over the period from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 67K tons, and then dropped slightly in the following year.
In value terms, frozen tilapia fillets imports reached $188M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2020 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Frozen Tilapia Fillets in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 154 | 177 | 188 | 10.5% | |
| Others | 0.5 | 0.4 | 0.5 | 0.0% | |
| Total | 155 | 177 | 188 | 10.1% | |
Top Suppliers of Frozen Tilapia Fillets to Mexico in 2022:
- China (64.2K tons)
Frozen Tilapia Fillets Exports in Mexico
After two years of decline, shipments abroad of frozen tilapia fillets increased by 44% to 1.5K tons in 2022. Over the period under review, exports, however, saw a abrupt shrinkage.
In value terms, frozen tilapia fillets exports skyrocketed to $8.5M in 2022. In general, exports, however, recorded a abrupt shrinkage.
| Export of Frozen Tilapia Fillets in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.7 | 11.2 | 5.5 | 8.4 | -17.0% |
| Others | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Total | 14.9 | 11.3 | 5.7 | 8.5 | -17.1% |
Top Export Markets for Frozen Tilapia Fillets from Mexico in 2022:
- United States (1437.0 tons)
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