Frozen Tilapia Fillets Price in the Philippines - 2022
Contents:
- Frozen Tilapia Fillets Price in the Philippines (CIF) - 2022
- Frozen Tilapia Fillets Imports in the Philippines
Frozen Tilapia Fillets Price in the Philippines (CIF) - 2022
The average frozen tilapia fillets import price stood at $3,392 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 39% against the previous year. As a result, import price attained the peak level of $3,520 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($4,283 per ton), while the price for Brazil ($1,129 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Tilapia Fillets Imports in the Philippines
For the third year in a row, the Philippines recorded decline in supplies from abroad of frozen tilapia fillets, which decreased by 0% to 5.3 tons in 2022. In general, imports recorded a precipitous slump. The smallest decline of -77.4% was in 2020.
In value terms, frozen tilapia fillets imports amounted to $18K in 2022. Overall, imports saw a precipitous curtailment. The smallest decline of -78.2% was in 2020.
| Import of Frozen Tilapia Fillets in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | 3.9 | N/A | 15.3 | 98.1% |
| Turkey | N/A | N/A | N/A | 1.7 | 0% |
| Brazil | N/A | 0.3 | N/A | 1.1 | 91.5% |
| China | 166 | 32.1 | N/A | N/A | -80.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 166 | 36.3 | N/A | 18.1 | -52.2% |
Top Suppliers of Frozen Tilapia Fillets to the Philippines in 2022:
- Taiwan (Chinese) (3.6 tons)
- Brazil (1.0 tons)
- Turkey (0.8 tons)
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