Price for Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore - 2023
Contents:
- Price for Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore (CIF) - 2022
- Price for Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore (FOB) - 2022
- Imports of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore
- Exports of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore
Price for Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, nile perch (lates niloticus)s amounted to $3,224 per ton, waning by -18.1% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 8.5% against the previous year. Over the period under review, average import prices hit record highs at $6,953 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($8,500 per ton), while the price for Vietnam ($2,090 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore (FOB) - 2022
The average export price for fish fillets; frozen, nile perch (lates niloticus)s stood at $6,950 per ton in 2022, growing by 33% against the previous year. In general, the export price, however, saw a mild decrease. The export price peaked at $10,105 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Qatar.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +2.7% per year.
Imports of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore
In 2022, the amount of fish fillets; frozen, nile perch (lates niloticus)s imported into Singapore skyrocketed to 251 tons, rising by 105% against 2021. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 188%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of fish fillets; frozen, nile perch (lates niloticus)s soared to $810K in 2022. Over the period under review, imports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 144%.
| Import of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 58.0 | 38.8 | 147 | 419 | 93.3% |
| Tanzania | 484 | 127 | 192 | 362 | -9.2% |
| China | 8.4 | 1.9 | 15.4 | 27.1 | 47.8% |
| Uganda | 374 | 25.2 | 109 | N/A | -46.0% |
| Others | 14.3 | 5.0 | 19.5 | 1.6 | -51.8% |
| Total | 939 | 198 | 483 | 810 | -4.8% |
Top Suppliers of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) to Singapore in 2022:
- Vietnam (200.4 tons)
- Tanzania (42.6 tons)
- China (7.8 tons)
Exports of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore
In 2022, after three years of growth, there was significant decline in overseas shipments of fish fillets; frozen, nile perch (lates niloticus)s, when their volume decreased by -70.8% to 16 tons. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 562% against the previous year. As a result, the exports reached the peak of 54 tons, and then declined markedly in the following year.
In value terms, exports of fish fillets; frozen, nile perch (lates niloticus)s fell sharply to $109K in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 504%. As a result, the exports attained the peak of $280K, and then contracted rapidly in the following year.
| Export of Fish Fillets; Frozen, Nile Perch (Lates Niloticus) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 12.5 | 19.6 | 171 | 109 | 105.8% |
| Hong Kong SAR | 4.5 | 4.5 | 6.8 | N/A | 22.9% |
| South Korea | 12.1 | 13.8 | 23.8 | N/A | 40.2% |
| Brunei Darussalam | 1.6 | 3.2 | 8.5 | N/A | 130.5% |
| Indonesia | 2.9 | 4.0 | 8.3 | N/A | 69.2% |
| United Arab Emirates | N/A | N/A | 59.1 | N/A | 0% |
| Others | 1.0 | 1.2 | 2.3 | N/A | 51.7% |
| Total | 34.6 | 46.4 | 280 | 109 | 46.6% |
Top Export Markets for Fish Fillets; Frozen, Nile Perch (Lates Niloticus) from Singapore in 2022:
- Qatar (15.7 tons)
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