U.S. - Frozen Tilapias - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Tilapias Price in the United States - 2023
Contents:
- Frozen Tilapias Price in the United States (CIF) - 2023
- Frozen Tilapias Price in the United States (FOB) - 2023
- Frozen Tilapias Imports in the United States
- Frozen Tilapias Exports in the United States
Frozen Tilapias Price in the United States (CIF) - 2023
In September 2023, the average frozen tilapias import price amounted to $1,783 per ton, remaining stable against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 6.4% m-o-m. Over the period under review, average import prices reached the peak figure at $1,982 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Brazil ($2,369 per ton), while the price for China ($1,531 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.0%), while the prices for the other major suppliers experienced a decline.
Frozen Tilapias Price in the United States (FOB) - 2023
The average frozen tilapias export price stood at $2,020 per ton in September 2023, with a decrease of -47.1% against the previous month. Overall, the export price, however, showed a mild expansion. The growth pace was the most rapid in March 2023 when the average export price increased by 266% month-to-month. As a result, the export price reached the peak level of $6,553 per ton. From April 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Antigua and Barbuda ($5,325 per ton), while the average price for exports to Jamaica ($1,301 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+112.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapias Imports in the United States
In 2022, after three years of growth, there was significant decline in overseas purchases of frozen tilapias, when their volume decreased by -14.8% to 40K tons. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of 46K tons, and then dropped in the following year.
In value terms, frozen tilapias imports declined to $84M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $85M, leveling off in the following year.
Import of Frozen Tilapias in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 40.8 | 34.8 | 45.5 | 40.9 | 0.1% |
Taiwan (Chinese) | 18.9 | 21.3 | 28.4 | 25.6 | 10.6% |
Brazil | 0.3 | 0.5 | 4.4 | 7.9 | 197.5% |
Thailand | 2.0 | 1.0 | 2.4 | 3.4 | 19.3% |
Vietnam | 3.2 | 1.5 | 2.5 | 2.7 | -5.5% |
Colombia | N/A | 0.4 | N/A | 2.1 | 129.1% |
Others | 0.6 | 0.1 | 1.5 | 1.4 | 32.6% |
Total | 65.8 | 59.7 | 84.6 | 84.1 | 8.5% |
Top Suppliers of Frozen Tilapias to the United States in 2022:
- China (21.9K tons)
- Taiwan (Chinese) (10.6K tons)
- Brazil (3.1K tons)
- Thailand (1.8K tons)
- Vietnam (1.0K tons)
- Colombia (0.6K tons)
Frozen Tilapias Exports in the United States
In 2022, after two years of decline, there was significant growth in shipments abroad of frozen tilapias, when their volume increased by 126% to 390 tons. In general, exports, however, recorded a deep reduction.
In value terms, frozen tilapias exports surged to $1M in 2022. Overall, exports, however, continue to indicate a deep downturn.
Export of Frozen Tilapias in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Venezuela | N/A | N/A | 5.8 | 269 | 4537.9% |
Italy | 11.5 | N/A | 3.4 | 90.5 | 98.9% |
Taiwan (Chinese) | 134 | 10.8 | N/A | 72.0 | -18.7% |
Spain | 2.9 | N/A | N/A | 65.9 | 183.2% |
Antigua and Barbuda | 18.9 | 11.1 | 33.1 | 61.6 | 48.3% |
Vietnam | 46.6 | 63.2 | N/A | 58.7 | 8.0% |
China | 62.0 | 45.3 | 3.5 | 56.4 | -3.1% |
Belgium | N/A | N/A | N/A | 47.8 | 0% |
Aruba | 36.0 | N/A | 44.0 | 47.6 | 9.8% |
Hong Kong SAR | N/A | N/A | N/A | 45.2 | 0% |
Haiti | 23.2 | 35.1 | 48.8 | 44.2 | 24.0% |
Guatemala | 238 | 205 | 71.1 | 17.2 | -58.3% |
Panama | 334 | 63.1 | N/A | N/A | -81.1% |
Others | 448 | 413 | 240 | 136 | -32.8% |
Total | 1,355 | 847 | 449 | 1,012 | -9.3% |
Top Export Markets for Frozen Tilapias from the United States in 2022:
- Venezuela (204.8 tons)
- Taiwan (Chinese) (24.1 tons)
- China (23.4 tons)
- Vietnam (20.0 tons)
- Hong Kong SAR (17.9 tons)
- Spain (15.1 tons)
- Belgium (13.6 tons)
- Guatemala (10.1 tons)
- Italy (9.1 tons)
- Antigua and Barbuda (9.1 tons)
- Aruba (8.5 tons)
- Haiti (5.9 tons)
This report provides an in-depth analysis of the frozen tilapias market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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