Asia: Tilapias Market 2022

Tilapias Market Size in Asia

After two years of growth, the Asian tilapias market decreased by -X% to $X in 2021. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Tilapias Production in Asia

In value terms, tilapias production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Tilapias Exports

Exports in Asia

Tilapias exports dropped to X tons in 2021, waning by -X% on the previous year's figure. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, tilapias exports contracted to $X in 2021. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2021. Indonesia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%) and Vietnam (X%).

From 2012 to 2021, average annual rates of growth with regard to tilapias exports from China stood at -X%. At the same time, Vietnam (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, Indonesia (-X%) and Thailand (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) and Indonesia (+X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tilapias supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

In China, tilapias exports declined by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (-X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other leaders experienced a decline in the export price figures.

Tilapias Imports

Imports in Asia

In 2021, purchases abroad of tilapias was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, tilapias imports surged to $X in 2021. In general, imports continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Israel (X tons), distantly followed by Saudi Arabia (X tons), Kuwait (X tons) and Malaysia (X tons) represented the main importers of tilapias, together constituting X% of total imports. The following importers - South Korea (X tons), Qatar (X tons), the United Arab Emirates (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), Hong Kong SAR (X tons), Japan (X tons) and Bahrain (X tons) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported tilapias in Asia, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total imports. It was followed by Kuwait, with a X% share.

In Israel, tilapias imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-X% per year) and Kuwait (+X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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