Frozen Tilapia Fillets Price in the UK - 2023
Contents:
- Frozen Tilapia Fillets Price in the UK (CIF) - 2023
- Frozen Tilapia Fillets Price in the UK (FOB) - 2022
- Frozen Tilapia Fillets Imports in the UK
- Frozen Tilapia Fillets Exports in the UK
Frozen Tilapia Fillets Price in the UK (CIF) - 2023
In June 2023, the average frozen tilapia fillets import price amounted to $4,154 per ton, shrinking by -14.2% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 220% month-to-month. As a result, import price attained the peak level of $11,791 per ton. From April 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($12,884 per ton), while the price for China ($2,553 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Tilapia Fillets Price in the UK (FOB) - 2022
The average frozen tilapia fillets export price stood at $5,176 per ton in 2022, with an increase of 31% against the previous year. Overall, the export price showed a mild expansion. The growth pace was the most rapid in 2014 an increase of 296% against the previous year. As a result, the export price attained the peak level of $17,074 per ton. From 2015 to 2022, the average 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 France ($12,910 per ton), while the average price for exports to Ireland ($4,342 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 Cyprus (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Imports in the UK
In 2022, the amount of frozen tilapia fillets imported into the UK surged to 1.1K tons, picking up by 53% compared with the year before. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.5% against 2020 indices.
In value terms, frozen tilapia fillets imports skyrocketed to $6M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Tilapia Fillets in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 2.7 | 2.0 | 3.7 | 18.9% |
| Netherlands | 0.9 | 1.3 | 1.3 | 2.1 | 32.6% |
| Denmark | 0.3 | N/A | N/A | 0.2 | -12.6% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 3.5 | 4.1 | 3.5 | 6.0 | 19.7% |
Top Suppliers of Frozen Tilapia Fillets to the UK in 2022:
- China (950.4 tons)
- Netherlands (152.0 tons)
- Denmark (30.4 tons)
Frozen Tilapia Fillets Exports in the UK
In 2022, overseas shipments of frozen tilapia fillets decreased by -14.7% to 32 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 340% against the previous year. As a result, the exports reached the peak of 37 tons, and then contracted in the following year.
In value terms, frozen tilapia fillets exports rose markedly to $165K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 158%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Frozen Tilapia Fillets in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 15.5 | 5.9 | 75.9 | 107 | 90.4% |
| France | 12.8 | 26.3 | 19.1 | 26.8 | 27.9% |
| Greece | 11.5 | 12.0 | 14.7 | 20.6 | 21.4% |
| Iceland | 8.7 | 10.6 | 7.7 | 10.8 | 7.5% |
| Netherlands | N/A | N/A | 29.7 | N/A | 0% |
| Others | 0.2 | 2.3 | N/A | N/A | 1050.0% |
| Total | 48.7 | 57.0 | 147 | 165 | 50.2% |
Top Export Markets for Frozen Tilapia Fillets from the UK in 2022:
- Ireland (24.5 tons)
- Greece (4.3 tons)
- France (2.1 tons)
- Iceland (0.9 tons)
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