Frozen Tilapia Fillets Price in Russia - 2022
Contents:
- Frozen Tilapia Fillets Price in Russia (CIF) - 2022
- Frozen Tilapia Fillets Price in Russia (FOB) - 2022
- Frozen Tilapia Fillets Imports in Russia
- Frozen Tilapia Fillets Exports in Russia
Frozen Tilapia Fillets Price in Russia (CIF) - 2022
The average frozen tilapia fillets import price stood at $4,239 per ton in January 2022, rising by 5.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.4%. The most prominent rate of growth was recorded in June 2021 when the average import price increased by 10% against the previous month. The import price peaked in January 2022.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2021 to January 2022, the rate of growth in terms of prices for China amounted to +3.4% per month.
Frozen Tilapia Fillets Price in Russia (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $3,932 per ton, reducing by -4.7% against the previous year. In general, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 20%. Over the period under review, the average export prices reached the peak figure at $5,045 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($4,177 per ton), while the average price for exports to Belarus ($3,698 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 Kazakhstan (+1.7%), while the prices for the other major destinations experienced a decline.
Frozen Tilapia Fillets Imports in Russia
Frozen tilapia fillets imports into Russia dropped modestly to 5.4K tons in 2022, with a decrease of -4.2% on 2021 figures. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 9.1% against the previous year.
In value terms, frozen tilapia fillets imports dropped to $16M in 2022. Over the period under review, imports showed a perceptible descent. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. As a result, imports reached the peak of $19M, and then fell in the following year.
| Import of Frozen Tilapia Fillets in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.5 | 13.9 | 18.6 | 16.1 | -4.5% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 18.5 | 13.9 | 18.7 | 16.3 | -4.1% |
Top Suppliers of Frozen Tilapia Fillets to Russia in 2022:
- China (5.3K tons)
Frozen Tilapia Fillets Exports in Russia
In 2022, approx. 188 tons of frozen tilapia fillets were exported from Russia; waning by -15.7% compared with the previous year. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year.
In value terms, frozen tilapia fillets exports dropped sharply to $740K in 2022. Overall, exports saw a pronounced decline. The pace of growth was the most pronounced in 2021 when exports increased by 65%. As a result, the exports reached the peak of $921K, and then dropped remarkably in the following year.
| Export of Frozen Tilapia Fillets in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 294 | 247 | 323 | 535 | 22.1% |
| Belarus | 285 | 204 | 415 | 159 | -17.7% |
| Kazakhstan | 216 | 94.3 | 154 | 45.6 | -40.5% |
| Others | 37.3 | 12.7 | 29.0 | N/A | -11.8% |
| Total | 833 | 558 | 921 | 740 | -3.9% |
Top Export Markets for Frozen Tilapia Fillets from Russia in 2022:
- Ukraine (134.3 tons)
- Belarus (42.9 tons)
- Kazakhstan (10.9 tons)
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