Frozen Tilapia Fillets Price in Myanmar - 2022
Contents:
Frozen Tilapia Fillets Price in Myanmar (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $1,805 per ton, remaining relatively unchanged against the previous year. Overall, the export price recorded a pronounced setback. The growth pace was the most rapid in 2016 when the average export price increased by 23%. The export price peaked at $4,456 per ton in 2017; however, from 2018 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 Canada ($3,240 per ton), while the average price for exports to the United States totaled $1,544 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+27.4%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Tilapia Fillets Exports in Myanmar
After three years of growth, shipments abroad of frozen tilapia fillets decreased by -21.7% to 7.6 tons in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 325%.
In value terms, frozen tilapia fillets exports dropped notably to $14K in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 375% against the previous year.
| Export of Frozen Tilapia Fillets in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.0 | 7.7 | 7.6 | 10.0 | 71.0% |
| Canada | 0.1 | 0.5 | 1.7 | 3.8 | 236.2% |
| Kuwait | N/A | N/A | 0.8 | N/A | 0% |
| Singapore | N/A | 1.7 | 7.6 | N/A | 347.1% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 2.1 | 9.9 | 17.7 | 13.8 | 87.3% |
Top Export Markets for Frozen Tilapia Fillets from Myanmar in 2022:
- United States (6.5 tons)
- Canada (1.2 tons)
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