Asia-Pacific: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Asia-Pacific

The Asia-Pacific frozen tilapias market surged to $X in 2020, growing by X% against the previous year. In general, consumption posted a perceptible expansion. The most prominent rate of growth was recorded in 2019 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level in 2020 and is likely to continue growth in years to come.

Frozen Tilapias Production in Asia-Pacific

In value terms, frozen tilapias production reached $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 relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% year-to-year. The level of production peaked at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Production By Country in Asia-Pacific

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. Vietnam (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest. 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-Pacific

Frozen tilapias exports fell remarkably to X tons in 2020, shrinking by -X% on the previous year. Overall, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen tilapias exports fell rapidly to $X in 2020. Over the period under review, exports showed 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 attained the peak figure at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China prevails in 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), constituting a X% share of total exports. Thailand (X tons) took a relatively small share of total exports.

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-Pacific, with a CAGR of +X% from 2007-2020. By contrast, Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Vietnam and China increased by +X% and +X% percentage points, while Thailand (-X p.p.) saw their share reduced.

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

In China, frozen tilapias exports remained relatively stable over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Thailand (-X% per year).

Export Prices by Country

The frozen tilapias export price in Asia-Pacific stood at $X per ton in 2020, remaining constant against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2020, export prices remained at a 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-Pacific

In 2020, the amount of frozen tilapias imported in Asia-Pacific stood at X tons, picking up by X% on the previous year. Over the period under review, imports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen tilapias imports amounted to $X in 2020. Total imports indicated a notable increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Australia (X tons), distantly followed by South Korea (X tons), Singapore (X tons), Malaysia (X tons), Japan (X tons) and Thailand (X tons) represented the largest importers of frozen tilapias, together committing X% of total imports. Hong Kong SAR (X tons) held a relatively small share of total imports.

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

In value terms, the largest frozen tilapias importing markets in Asia-Pacific were Australia ($X), South Korea ($X) and Japan ($X), together comprising X% of total imports. Malaysia, Singapore, Hong Kong SAR and Thailand lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to 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

The frozen tilapias import price in Asia-Pacific stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. Over the period under review, import prices hit record highs at $X per ton in 2019, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while Singapore ($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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