Frozen Tilapia Fillets Price in Ecuador - 2022

Contents:

1. Frozen Tilapia Fillets Price in Ecuador (FOB) - 2022
2. Frozen Tilapia Fillets Price in Ecuador (CIF) - 2022
3. Frozen Tilapia Fillets Exports in Ecuador
4. Frozen Tilapia Fillets Imports in Ecuador

Frozen Tilapia Fillets Price in Ecuador (FOB) - 2022

In 2022, the average frozen tilapia fillets export price amounted to $7,056 per ton, waning by -6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 28% against the previous year. As a result, the export price reached the peak level of $7,741 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($26,656 per ton), while the average price for exports to Colombia ($716 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Tilapia Fillets Price in Ecuador (CIF) - 2022

In 2022, the average frozen tilapia fillets import price amounted to $4,057 per ton, reducing by -15.1% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 93% against the previous year. Over the period under review, average import prices reached the maximum at $4,776 per ton in 2021, and then fell sharply in the following year.

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 Colombia ($16,706 per ton), while the price for Peru stood at $592 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+13.6%).

Frozen Tilapia Fillets Exports in Ecuador

In 2022, approx. 34 tons of frozen tilapia fillets were exported from Ecuador; with a decrease of -4.4% against the previous year. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 3.5% against the previous year.

In value terms, frozen tilapia fillets exports declined to $242K in 2022. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year.

Top Export Markets for Frozen Tilapia Fillets from Ecuador in 2022:

1. United States (29.8 tons)
2. Colombia (2.2 tons)
3. Peru (2.1 tons)

Frozen Tilapia Fillets Imports in Ecuador

Frozen tilapia fillets imports into Ecuador expanded remarkably to 35 tons in 2022, growing by 5.3% against the previous year. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.9% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 109% against the previous year. As a result, imports attained the peak of 43 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen tilapia fillets imports declined to $141K in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 305% against the previous year.

Top Suppliers of Frozen Tilapia Fillets to Ecuador in 2022:

1. Peru (27.2 tons)
2. Colombia (7.5 tons)

Source: IndexBox Market Intelligence Platform