Frozen Tilapia Fillets Price in Turkey - 2023
Contents:
- Frozen Tilapia Fillets Price in Turkey (FOB) - 2022
- Frozen Tilapia Fillets Price in Turkey (CIF) - 2022
- Frozen Tilapia Fillets Exports in Turkey
- Frozen Tilapia Fillets Imports in Turkey
Frozen Tilapia Fillets Price in Turkey (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $5,335 per ton, surging by 17% against the previous year. Over the last three-year period, it increased at an average annual rate of +9.0%. The pace of growth appeared the most rapid in 2021 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($5,503 per ton) and Liberia ($5,470 per ton), while the average price for exports to Norway ($5,065 per ton) and Panama ($5,305 per ton) were amongst the lowest.
From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Tilapia Fillets Price in Turkey (CIF) - 2022
In 2022, the average frozen tilapia fillets import price amounted to $5,087 per ton, jumping by 63% against the previous year. Over the period under review, the import price posted a perceptible increase. The pace of growth appeared the most rapid in 2021 an increase of 211%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +2.2% per year.
Frozen Tilapia Fillets Exports in Turkey
After three years of growth, overseas shipments of frozen tilapia fillets decreased by -56.6% to 1.4 tons in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 347%. As a result, the exports reached the peak of 3.3 tons, and then fell significantly in the following year.
In value terms, frozen tilapia fillets exports dropped remarkably to $7.6K in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 431%. As a result, the exports reached the peak of $15K, and then reduced sharply in the following year.
| Export of Frozen Tilapia Fillets in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 0.2 | 0.5 | 4.1 | 5.0 | 192.4% |
| Liberia | 0.2 | 0.6 | 1.5 | 1.8 | 108.0% |
| Norway | 0.3 | 0.1 | 0.4 | 0.5 | 18.6% |
| Singapore | 0.1 | N/A | 0.3 | 0.3 | 44.2% |
| Marshall Islands | N/A | 0.5 | 2.5 | N/A | 400.0% |
| Portugal | N/A | N/A | 0.6 | N/A | 0% |
| Others | N/A | 1.0 | 5.7 | N/A | 470.0% |
| Total | 0.7 | 2.8 | 14.9 | 7.6 | 121.4% |
Top Export Markets for Frozen Tilapia Fillets from Turkey in 2022:
- Panama (939.0 kg)
- Liberia (330.0 kg)
- Norway (93.0 kg)
- Singapore (60.0 kg)
Frozen Tilapia Fillets Imports in Turkey
For the third consecutive year, Turkey recorded decline in supplies from abroad of frozen tilapia fillets, which decreased by -61% to 1.3 tons in 2022. Overall, imports faced a dramatic curtailment.
In value terms, frozen tilapia fillets imports shrank sharply to $6.6K in 2022. In general, imports faced a dramatic decline.
| Import of Frozen Tilapia Fillets in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 444 | 113 | 9.4 | 6.2 | -75.9% |
| Others | 19.5 | 14.3 | 1.0 | 0.5 | -70.5% |
| Total | 463 | 127 | 10.4 | 6.6 | -75.8% |
Top Suppliers of Frozen Tilapia Fillets to Turkey in 2022:
- Vietnam (1283.0 kg)
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