Frozen Tilapia Fillets Price in Portugal - 2023
Contents:
- Frozen Tilapia Fillets Price in Portugal (CIF) - 2022
- Frozen Tilapia Fillets Price in Portugal (FOB) - 2022
- Frozen Tilapia Fillets Imports in Portugal
- Frozen Tilapia Fillets Exports in Portugal
Frozen Tilapia Fillets Price in Portugal (CIF) - 2022
The average frozen tilapia fillets import price stood at $4,246 per ton in 2022, surging by 18% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 increased by +64.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 40%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($4,883 per ton), while the price for China totaled $3,914 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced a decline.
Frozen Tilapia Fillets Price in Portugal (FOB) - 2022
The average frozen tilapia fillets export price stood at $2,675 per ton in 2022, which is down by -19.3% against the previous year. Overall, the export price recorded a deep setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 45%. The export price peaked at $5,293 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Paraguay.
From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +3.0% per year.
Frozen Tilapia Fillets Imports in Portugal
In 2022, overseas purchases of frozen tilapia fillets increased by 164% to 199 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen tilapia fillets imports soared to $846K in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Tilapia Fillets in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 443 | 265 | 77.0 | 535 | 6.5% |
| Spain | 28.0 | 29.3 | 91.2 | 296 | 119.5% |
| Vietnam | 4.4 | N/A | 88.2 | N/A | 347.7% |
| Others | 6.1 | 2.6 | 15.4 | 15.1 | 35.3% |
| Total | 482 | 297 | 272 | 846 | 20.6% |
Top Suppliers of Frozen Tilapia Fillets to Portugal in 2022:
- China (136.6 tons)
- Spain (60.6 tons)
Frozen Tilapia Fillets Exports in Portugal
Frozen tilapia fillets exports from Portugal soared to 35 tons in 2022, picking up by 31% on 2021. In general, exports, however, continue to indicate a deep contraction.
In value terms, frozen tilapia fillets exports expanded rapidly to $94K in 2022. Over the period under review, exports, however, faced a abrupt decrease.
| Export of Frozen Tilapia Fillets in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | N/A | N/A | N/A | 93.9 | 0% |
| Spain | 54.8 | N/A | 63.3 | N/A | 7.5% |
| Slovenia | 16.9 | N/A | N/A | N/A | 0% |
| Italy | 49.6 | 99.0 | 11.7 | N/A | -51.4% |
| Others | 12.2 | 0.1 | 13.6 | N/A | 5.6% |
| Total | 134 | 99.1 | 88.6 | 93.9 | -11.2% |
Top Export Markets for Frozen Tilapia Fillets from Portugal in 2022:
- Paraguay (35.1 tons)
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