Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore - 2022
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore (CIF) - 2022
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore (FOB) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $5,063 per ton, jumping by 24% against the previous year. Overall, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 26% against the previous year. The import price peaked at $6,268 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($11,274 per ton), while the price for China ($2,392 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+9.7%), while the prices for the other major suppliers experienced a decline.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore (FOB) - 2022
The average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $3,337 per ton in 2022, dropping by -56.3% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2019 when the average export price increased by 118%. Over the period under review, the average export prices attained the maximum at $8,732 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($3,337 per ton), while the average price for exports to Hong Kong SAR stood at $3,337 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+285.2%), while the prices for the other major destinations experienced a decline.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore
In 2022, approx. 34 tons of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were imported into Singapore; with a decrease of -22.7% on 2021. Overall, imports faced a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s declined slightly to $171K in 2022. In general, imports recorded a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 153 | 23.3 | 17.2 | 72.2 | -22.1% |
| China | 69.2 | 18.7 | 13.9 | 38.5 | -17.8% |
| Malaysia | 66.3 | 40.5 | 44.4 | 32.1 | -21.5% |
| Australia | 27.6 | 11.2 | 3.3 | 11.9 | -24.5% |
| France | 2.8 | 11.8 | 3.7 | 7.5 | 38.9% |
| South Africa | 14.0 | 24.4 | 67.4 | N/A | 119.4% |
| Others | 17.0 | 21.2 | 29.0 | 8.6 | -20.3% |
| Total | 349 | 151 | 179 | 171 | -21.2% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Singapore in 2022:
- China (16.1 tons)
- Malaysia (8.0 tons)
- New Zealand (6.7 tons)
- Australia (1.7 tons)
- France (0.7 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore
In 2022, shipments abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s decreased by -85.7% to 1.2 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a significant decline. The growth pace was the most rapid in 2020 with an increase of 165% against the previous year.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s shrank significantly to $4.1K in 2022. Over the period under review, exports faced a dramatic contraction. The pace of growth was the most pronounced in 2020 when exports increased by 208% against the previous year.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | 5.0 | 3.2 | 3.9 | 3.3 | -12.9% |
| Hong Kong SAR | N/A | N/A | N/A | 0.8 | 0% |
| Malaysia | 4.6 | N/A | N/A | N/A | 0% |
| Qatar | 9.3 | 55.8 | 60.9 | N/A | 155.9% |
| Others | 0.7 | 1.2 | 1.4 | N/A | 41.4% |
| Total | 19.6 | 60.2 | 66.1 | 4.1 | -40.6% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Singapore in 2022:
- Brunei Darussalam (1000.0 kg)
- Hong Kong SAR (240.0 kg)
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