Frozen Tilapia Fillets Price in India - 2023
Contents:
- Frozen Tilapia Fillets Price in India (CIF) - 2022
- Frozen Tilapia Fillets Price in India (FOB) - 2022
- Frozen Tilapia Fillets Imports in India
- Frozen Tilapia Fillets Exports in India
Frozen Tilapia Fillets Price in India (CIF) - 2022
In 2022, the average frozen tilapia fillets import price amounted to $4,392 per ton, remaining constant against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen tilapia fillets import price decreased by +0.9% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 87%. As a result, import price reached the peak level of $5,628 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,397 per ton), while the price for Vietnam amounted to $4,161 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced a decline.
Frozen Tilapia Fillets Price in India (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $4,683 per ton, growing by 236% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($8,197 per ton), while the average price for exports to the United Arab Emirates ($516 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 Oman (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Tilapia Fillets Imports in India
Frozen tilapia fillets imports into India skyrocketed to 56 tons in 2022, picking up by 25% compared with 2021. In general, imports, however, showed a perceptible contraction.
In value terms, frozen tilapia fillets imports skyrocketed to $247K in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease.
| Import of Frozen Tilapia Fillets in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 309 | 288 | 195 | 242 | -7.8% |
| Vietnam | 6.0 | 5.6 | 4.9 | 5.1 | -5.3% |
| Others | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Total | 315 | 294 | 200 | 247 | -7.8% |
Top Suppliers of Frozen Tilapia Fillets to India in 2022:
- China (55.0 tons)
- Vietnam (1.2 tons)
Frozen Tilapia Fillets Exports in India
In 2022, the amount of frozen tilapia fillets exported from India declined notably to 14 tons, with a decrease of -76.8% against 2021 figures. Overall, exports faced a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 143%. As a result, the exports attained the peak of 61 tons, and then plummeted in the following year.
In value terms, frozen tilapia fillets exports declined rapidly to $66K in 2022. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 79% against the previous year.
| Export of Frozen Tilapia Fillets in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 45.1 | 21.6 | 27.4 | 32.6 | -10.3% |
| Canada | 19.1 | 11.7 | 23.4 | 24.5 | 8.7% |
| Germany | 12.8 | 5.4 | 6.3 | 5.3 | -25.5% |
| United Arab Emirates | 2.9 | 2.6 | 1.2 | 2.5 | -4.8% |
| United Kingdom | 1.6 | 0.8 | 1.1 | 1.1 | -11.7% |
| Mozambique | N/A | N/A | 21.4 | N/A | 0% |
| Oman | N/A | 4.9 | N/A | N/A | 0% |
| Maldives | 4.9 | N/A | 0.5 | N/A | -68.1% |
| Others | 0.1 | 0.3 | 3.3 | 0.1 | 0.0% |
| Total | 86.5 | 47.3 | 84.5 | 65.9 | -8.7% |
Top Export Markets for Frozen Tilapia Fillets from India in 2022:
- United Arab Emirates (4.9 tons)
- Switzerland (4.0 tons)
- Canada (3.6 tons)
- Germany (1.0 tons)
- United Kingdom (0.6 tons)
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