Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States - 2023
Contents:
- Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States (CIF) - 2023
- Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States (FOB) - 2023
- Imports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States
- Exports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States
Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States (CIF) - 2023
The average import price for fish fillets; fresh or chilled, tilapias (oreochromis spp.)s stood at $6,833 per ton in December 2023, increasing by 3.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 4.7% m-o-m. The import price peaked at $7,207 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Colombia ($7,203 per ton) and Honduras ($7,201 per ton), while the price for Costa Rica ($5,377 per ton) and Brazil ($6,745 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States (FOB) - 2023
In December 2023, the average export price for fish fillets; fresh or chilled, tilapias (oreochromis spp.)s amounted to $10,019 per ton, shrinking by -2.2% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average export price increased by 4.8% m-o-m. The export price peaked at $10,247 per ton in November 2023, and then dropped in the following month.
As there is only one major export destination, the average price level is determined by prices for Canada.
From December 2022 to December 2023, the rate of growth in terms of prices for Hong Kong SAR amounted to +0.8% per month.
Imports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States
Imports of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s into the United States rose markedly to 24K tons in 2022, with an increase of 5.4% against 2021 figures. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s expanded rapidly to $158M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Colombia | 42.6 | 48.4 | 49.5 | 69.8 | 17.9% |
Honduras | 46.7 | 41.3 | 47.0 | 51.1 | 3.0% |
Costa Rica | 36.2 | 18.3 | 21.9 | 26.3 | -10.1% |
Brazil | 4.4 | 3.8 | 3.6 | 5.9 | 10.3% |
Mexico | 10.3 | 13.7 | 13.7 | 3.0 | -33.7% |
Ecuador | 3.9 | 2.8 | 1.7 | 1.5 | -27.3% |
Others | 1.0 | 0.4 | 0.2 | 0.5 | -20.6% |
Total | 145 | 129 | 138 | 158 | 2.9% |
Top Suppliers of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) to the United States in 2022:
- Colombia (10.3K tons)
- Honduras (8.0K tons)
- Costa Rica (3.8K tons)
- Brazil (1.1K tons)
- Mexico (0.5K tons)
- Ecuador (0.3K tons)
Exports of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States
In 2022, shipments abroad of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s was finally on the rise to reach 2.4K tons after two years of decline. The total export volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fish fillets; fresh or chilled, tilapias (oreochromis spp.)s skyrocketed to $21M in 2022. The total export value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 13.9 | 15.3 | 14.4 | 18.2 | 9.4% |
Hong Kong SAR | 0.7 | 1.0 | 0.9 | 1.6 | 31.7% |
United Arab Emirates | 0.2 | N/A | 0.1 | 0.3 | 14.5% |
South Korea | N/A | N/A | 0.2 | 0.3 | 50.0% |
Vietnam | 1.1 | N/A | 0.7 | N/A | -20.2% |
Others | 0.3 | 0.2 | 0.6 | 0.1 | -30.7% |
Total | 16.2 | 16.5 | 16.9 | 20.5 | 8.2% |
Top Export Markets for Fish Fillets; Fresh or Chilled, Tilapias (Oreochromis Spp.) from the United States in 2022:
- Canada (2053.0 tons)
- South Korea (162.7 tons)
- Hong Kong SAR (135.5 tons)
- United Arab Emirates (39.6 tons)
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