Asia-Pacific: Tilapias Market 2022

Tilapias Market Size in Asia-Pacific

In 2021, the Asia-Pacific tilapias market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Tilapias Production in Asia-Pacific

In value terms, tilapias production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Tilapias Exports

Exports in Asia-Pacific

For the fifth year in a row, Asia-Pacific recorded decline in shipments abroad of tilapias, which decreased by -X% to X tons in 2021. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, tilapias exports reduced to $X in 2021. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, accounting for X tons, which was near X% of total exports in 2021. Indonesia (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%) and Vietnam (X%).

Exports from China decreased at an average annual rate of -X% from 2012 to 2021. 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 2012-2021. By contrast, Indonesia (-X%) and Thailand (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) and Indonesia (+X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The pace of growth was the most pronounced 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 2021, the export prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other leaders experienced a decline in the export price figures.

Tilapias Imports

Imports in Asia-Pacific

In 2021, the amount of tilapias imported in Asia-Pacific reduced slightly to X tons, falling by -X% on the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tilapias imports expanded markedly to $X in 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Australia (X tons), South Korea (X tons) and Thailand (X tons) represented roughly X% of total imports in 2021. Taiwan (Chinese) (X tons) ranks next in terms of the total imports with a X% share, followed by Singapore (X%), Hong Kong SAR (X%) and Japan (X%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Australia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for X% of total imports. Thailand, Hong Kong SAR, Taiwan (Chinese), Japan and Singapore lagged somewhat behind, together comprising a further X terms of the main importing countries, Thailand, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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