Frozen Tilapia Fillets Price in Peru - 2021
Contents:
- Frozen Tilapia Fillets Price in Peru (CIF) - 2021
- Frozen Tilapia Fillets Price in Peru (FOB) - 2022
- Frozen Tilapia Fillets Imports in Peru
- Frozen Tilapia Fillets Exports in Peru
Frozen Tilapia Fillets Price in Peru (CIF) - 2021
In April 2020, the average frozen tilapia fillets import price amounted to $2,488 per ton, remaining relatively unchanged against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2020 an increase of 2.2% month-to-month. As a result, import price attained the peak level of $2,517 per ton, and then shrank modestly in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2020 to April 2020, the rate of growth in terms of prices for China amounted to +0.1% per month.
Frozen Tilapia Fillets Price in Peru (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $7,220 per ton, increasing by 2.8% against the previous year. In general, the export price posted strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 48% against the previous year. The export price peaked at $9,096 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,250 per ton), while the average price for exports to Ecuador stood at $3,697 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+59.6%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Imports in Peru
In 2022, the amount of frozen tilapia fillets imported into Peru totaled 543 tons, growing by 1.5% compared with 2021. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports attained the peak of 552 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen tilapia fillets imports expanded modestly to $1.9M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of $1.9M; afterwards, it flattened through to 2022.
| Import of Frozen Tilapia Fillets in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 1.8 | 1.8 | 1.8 | 6.3% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 1.5 | 1.9 | 1.8 | 1.9 | 8.2% |
Top Suppliers of Frozen Tilapia Fillets to Peru in 2022:
- China (539.2 tons)
Frozen Tilapia Fillets Exports in Peru
In 2022, shipments abroad of frozen tilapia fillets decreased by -14.7% to 448 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year. As a result, the exports attained the peak of 525 tons, and then contracted in the following year.
In value terms, frozen tilapia fillets exports reduced to $3.2M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports reached the peak of $3.7M, and then shrank in the following year.
| Export of Frozen Tilapia Fillets in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 2.7 | 3.7 | 3.2 | 15.1% |
| Costa Rica | N/A | 0.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 2.8 | 3.7 | 3.2 | 15.1% |
Top Export Markets for Frozen Tilapia Fillets from Peru in 2022:
- United States (444.5 tons)
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