Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore - 2023

Contents:

  1. Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore (CIF) - 2022
  2. Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore (FOB) - 2022
  3. Imports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore
  4. Exports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore

Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore (CIF) - 2022

In 2022, the average import price for fish fillets; fresh or chilled, tilapias (oreochromis spp.)s amounted to $6,601 per ton, increasing by 41% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $8,304 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($8,258 per ton), while the price for Thailand ($2,364 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+23.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore (FOB) - 2022

In 2022, the average export price for fish fillets; fresh or chilled, tilapias (oreochromis spp.)s amounted to $7,264 per ton, rising by 52% against the previous year. In general, the export price, however, recorded a abrupt decrease. The export price peaked at $16,146 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($18,047 per ton), while the average price for exports to Malaysia ($3,194 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 Indonesia (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore

After three years of growth, supplies from abroad of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s decreased by -36.7% to 10 tons in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 129%. As a result, imports reached the peak of 16 tons, and then dropped dramatically in the following year.

In value terms, imports of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s contracted to $66K in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 212% against the previous year. As a result, imports attained the peak of $74K, and then contracted in the following year.

Import of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia1.03.466.448.8265.4%
ChinaN/AN/A0.412.43000.0%
ThailandN/AN/A0.15.04900.0%
Vietnam1.36.71.9N/A20.9%
United Kingdom6.012.14.3N/A-15.3%
Others6.91.50.9N/A-63.9%
Total15.223.774.066.263.3%

Top Suppliers of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) to Singapore in 2022:

  1. Malaysia (5.9 tons)
  2. Thailand (2.1 tons)
  3. China (2.0 tons)

Exports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore

After three years of growth, overseas shipments of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s decreased by -64.9% to 5.3 tons in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,401% against the previous year. As a result, the exports attained the peak of 15 tons, and then contracted dramatically in the following year.

In value terms, exports of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s reduced markedly to $39K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 845%. As a result, the exports reached the peak of $73K, and then declined dramatically in the following year.

Export of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PhilippinesN/AN/AN/A22.90%
Malaysia0.50.67.812.1189.2%
Indonesia1.81.48.43.828.3%
Dominican Republic6.15.756.8N/A205.1%
Others0.7N/AN/AN/A0%
Total9.27.773.138.861.6%

Top Export Markets for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) from Singapore in 2022:

  1. Malaysia (3.8 tons)
  2. Philippines (1.4 tons)
  3. Indonesia (0.2 tons)

Source: IndexBox Market Intelligence Platform

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