Frozen Tilapia Fillets Price in Nigeria - 2022
Contents:
Frozen Tilapia Fillets Price in Nigeria (CIF) - 2022
The average frozen tilapia fillets import price stood at $6,552 per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2019 an increase of 7.5% against the previous year. Over the period under review, average import prices attained the maximum at $6,636 per ton in 2021, and then shrank in the following year.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +3.6% per year.
Frozen Tilapia Fillets Imports in Nigeria
In 2022, the amount of frozen tilapia fillets imported into Nigeria contracted to 1.3 tons, waning by -8.8% compared with the year before. In general, imports showed a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 21%.
In value terms, frozen tilapia fillets imports dropped to $8.6K in 2022. Overall, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 25%.
| Import of Frozen Tilapia Fillets in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 9.8 | 7.6 | 9.5 | 8.6 | -4.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.8 | 7.6 | 9.5 | 8.6 | -4.3% |
Top Suppliers of Frozen Tilapia Fillets to Nigeria in 2022:
- South Africa (1.3 tons)
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