Frozen Tilapia Fillets Price in Spain - 2023
Contents:
- Frozen Tilapia Fillets Price in Spain (CIF) - 2023
- Frozen Tilapia Fillets Price in Spain (FOB) - 2023
- Frozen Tilapia Fillets Imports in Spain
- Frozen Tilapia Fillets Exports in Spain
Frozen Tilapia Fillets Price in Spain (CIF) - 2023
In June 2023, the average frozen tilapia fillets import price amounted to $3,066 per ton, reducing by -7.8% against the previous month. Overall, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in April 2023 an increase of 14% against the previous month. Over the period under review, average import prices attained the maximum at $4,672 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -3.4% per month.
Frozen Tilapia Fillets Price in Spain (FOB) - 2023
In June 2023, the average frozen tilapia fillets export price amounted to $5,166 per ton, waning by -6.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 13% m-o-m. As a result, the export price attained the peak level of $5,528 per ton, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Equatorial Guinea ($7,216 per ton), while the average price for exports to Portugal ($3,649 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Equatorial Guinea (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Imports in Spain
In 2022, after two years of decline, there was significant growth in purchases abroad of frozen tilapia fillets, when their volume increased by 117% to 3.6K tons. Overall, imports, however, saw a pronounced slump.
In value terms, frozen tilapia fillets imports soared to $16M in 2022. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Tilapia Fillets in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.3 | 5.0 | 6.0 | 16.0 | 12.3% |
| Netherlands | 0.3 | N/A | 0.2 | 0.1 | -30.7% |
| Others | 0.3 | N/A | N/A | 0.2 | -12.6% |
| Total | 11.9 | 5.0 | 6.2 | 16.3 | 11.1% |
Top Suppliers of Frozen Tilapia Fillets to Spain in 2022:
- Netherlands (undefinedK tons)
- China (3.5K tons)
Frozen Tilapia Fillets Exports in Spain
In 2022, approx. 95 tons of frozen tilapia fillets were exported from Spain; growing by 103% compared with 2021. In general, exports, however, continue to indicate a perceptible curtailment.
In value terms, frozen tilapia fillets exports soared to $455K in 2022. Over the period under review, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Tilapia Fillets in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 40.1 | 9.2 | 12.0 | 202 | 71.4% |
| Maldives | 35.2 | N/A | 9.9 | 59.3 | 19.0% |
| Equatorial Guinea | 23.4 | 36.7 | 13.1 | 44.0 | 23.4% |
| Italy | 16.8 | 21.1 | 49.7 | 43.6 | 37.4% |
| Cabo Verde | 97.5 | 25.7 | 13.9 | 43.1 | -23.8% |
| Andorra | 13.4 | 6.5 | 8.7 | 36.6 | 39.8% |
| Slovenia | N/A | N/A | N/A | 21.3 | 0% |
| Cuba | 107 | N/A | 84.3 | N/A | -11.2% |
| Others | 22.0 | 15.3 | 8.6 | 4.6 | -40.6% |
| Total | 355 | 114 | 200 | 455 | 8.6% |
Top Export Markets for Frozen Tilapia Fillets from Spain in 2022:
- Cuba (undefined tons)
- Portugal (44.5 tons)
- Maldives (11.9 tons)
- Cabo Verde (9.4 tons)
- Italy (8.7 tons)
- Equatorial Guinea (7.9 tons)
- Andorra (6.6 tons)
- Slovenia (5.0 tons)
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