Frozen Tilapia Fillets Price in Belarus - 2022
Contents:
- Frozen Tilapia Fillets Price in Belarus (CIF) - 2022
- Frozen Tilapia Fillets Price in Belarus (FOB) - 2022
- Frozen Tilapia Fillets Imports in Belarus
- Frozen Tilapia Fillets Exports in Belarus
Frozen Tilapia Fillets Price in Belarus (CIF) - 2022
The average frozen tilapia fillets import price stood at $5,558 per ton in 2022, rising by 33% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. As a result, import price reached the peak level and is likely to continue 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 Russia ($5,751 per ton), while the price for China amounted to $4,751 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%).
Frozen Tilapia Fillets Price in Belarus (FOB) - 2022
In 2022, the average frozen tilapia fillets export price amounted to $4,757 per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +6.6%. The pace of growth was the most pronounced in 2013 when the average export price increased by 54%. Over the period under review, the average export prices attained the peak figure at $4,828 per ton in 2021, and then reduced slightly in the following year.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +6.6% per year.
Frozen Tilapia Fillets Imports in Belarus
For the fourth consecutive year, Belarus recorded growth in overseas purchases of frozen tilapia fillets, which increased by 25% to 149 tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, frozen tilapia fillets imports surged to $828K in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Frozen Tilapia Fillets in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 311 | 206 | 418 | 691 | 30.5% |
| China | 46.2 | 123 | 80.3 | 137 | 43.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 357 | 329 | 498 | 828 | 32.4% |
Top Suppliers of Frozen Tilapia Fillets to Belarus in 2022:
- Russia (120.2 tons)
- China (28.8 tons)
Frozen Tilapia Fillets Exports in Belarus
In 2022, overseas shipments of frozen tilapia fillets decreased by -28.7% to 13 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 134% against the previous year. As a result, the exports attained the peak of 18 tons, and then dropped rapidly in the following year.
In value terms, frozen tilapia fillets exports declined markedly to $61K in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 146%. As a result, the exports reached the peak of $87K, and then fell remarkably in the following year.
| Export of Frozen Tilapia Fillets in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 22.5 | 35.3 | 86.9 | 61.1 | 39.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 22.5 | 35.3 | 86.9 | 61.1 | 39.5% |
Top Export Markets for Frozen Tilapia Fillets from Belarus in 2022:
- Russia (12.8 tons)
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