Frozen Tilapia Fillets Price in Kuwait - 2021
Contents:
Frozen Tilapia Fillets Price in Kuwait (CIF) - 2022
In 2022, the average frozen tilapia fillets import price amounted to $4,083 per ton, declining by -1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $5,500 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 the United Arab Emirates ($5,730 per ton), while the price for the United States ($2,433 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Tilapia Fillets Imports in Kuwait
In 2022, overseas purchases of frozen tilapia fillets decreased by -11.5% to 29 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. As a result, imports reached the peak of 33 tons, and then fell in the following year.
In value terms, frozen tilapia fillets imports contracted to $120K in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports attained the peak of $138K, and then fell in the following year.
| Import of Frozen Tilapia Fillets in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 98.1 | 56.8 | 112 | 74.9 | -8.6% |
| United Arab Emirates | N/A | 43.8 | 26.3 | 14.0 | -43.5% |
| United States | N/A | N/A | N/A | 13.7 | 0% |
| Vietnam | N/A | N/A | N/A | 8.5 | 0% |
| Others | 5.7 | 0.9 | N/A | 8.5 | 14.2% |
| Total | 104 | 102 | 138 | 120 | 4.9% |
Top Suppliers of Frozen Tilapia Fillets to Kuwait in 2022:
- China (17.9 tons)
- United States (5.6 tons)
- United Arab Emirates (2.4 tons)
- Vietnam (2.0 tons)
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