United Kingdom: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in the UK

In 2020, the UK frozen tilapias market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the market value increased by X% against the previous year. Frozen tilapias consumption peaked in 2020 and is expected to retain growth in years to come.

Frozen Tilapias Exports

Exports from the UK

In 2020, overseas shipments of frozen tilapias increased by X% to X tons for the first time since 2014, thus ending a five-year declining trend. In general, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen tilapias exports soared to $X in 2020. Over the period under review, exports, however, saw a abrupt slump. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for frozen tilapias exports from the UK, with a X% share of total exports. Moreover, frozen tilapias exports to Ireland exceeded the volume sent to the second major destination, India (X tons), twofold.

From 2007 to 2020, the average annual growth rate of volume to Ireland totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

In value terms, Ireland ($X) remains the key foreign market for frozen tilapias exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Ireland amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

Export Prices by Country

The average frozen tilapias export price stood at $X per ton in 2020, increasing by X% against the previous year. In general, the export price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Tilapias Imports

Imports into the UK

In 2020, the amount of frozen tilapias imported into the UK surged to X tons, increasing by X% on the previous year. In general, total imports indicated a mild expansion from 2007 to 2020: its volume increased 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 2018 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are likely to see steady growth in years to come.

In value terms, frozen tilapias imports soared to $X in 2020. Overall, total imports indicated modest growth from 2007 to 2020: its value increased 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 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of frozen tilapias to the UK, with a X% share of total imports. Moreover, frozen tilapias imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Indonesia (+X% per year).

In value terms, China ($X) constituted the largest supplier of frozen tilapias to the UK, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2020, the average frozen tilapias import price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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