Asia: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Asia

The Asian frozen tilapias market soared to $X in 2020, growing by X% against the previous year. Overall, consumption recorded a moderate expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of consumption peaked in 2020 and is expected to retain growth in the near future.

Frozen Tilapias Production in Asia

In value terms, frozen tilapias production stood at $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Production By Country in Asia

China (X tons) constituted the country with the largest volume of frozen tilapias production, comprising approx. X% of total volume. Moreover, frozen tilapias production in China exceeded the figures recorded by the second-largest producer, Thailand (X tons), tenfold. The third position in this ranking was occupied by Vietnam (X tons), with a X% share.

In China, frozen tilapias production remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Vietnam (+X% per year).

Frozen Tilapias Exports

Exports in Asia

In 2020, exports of frozen tilapias in Asia fell significantly to X tons, with a decrease of -X% compared with the year before. In general, exports showed a slight decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, frozen tilapias exports contracted significantly to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

China dominates frozen tilapias exports structure, resulting at X tons, which was near X% of total exports in 2020. It was distantly followed by Vietnam (X tons), mixing up a X% share of total exports. Thailand (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of frozen tilapias. At the same time, Vietnam (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Thailand (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) and China (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Thailand (-X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest frozen tilapias supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports.

In China, frozen tilapias exports remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Vietnam (+X% per year) and Thailand (-X% per year).

Export Prices by Country

The frozen tilapias export price in Asia stood at $X per ton in 2020, approximately equating the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced mixed trends in the export price figures.

Frozen Tilapias Imports

Imports in Asia

Frozen tilapias imports dropped remarkably to X tons in 2020, shrinking by -X% against the year before. Overall, imports saw a slight decrease. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, frozen tilapias imports fell significantly to $X in 2020. Over the period under review, imports showed a perceptible reduction. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports of frozen tilapias in 2020. Bahrain (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by South Korea (X%). Qatar (X tons), Kuwait (X tons), Singapore (X tons), Malaysia (X tons), Japan (X tons), Thailand (X tons), Iraq (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq, while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and South Korea ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by Bahrain, Japan, Qatar, Malaysia, Iraq, Singapore, Kuwait, Thailand and Jordan, which together accounted for a further X recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the frozen tilapias import price in Asia amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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