Northern America: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Northern America

After two years of growth, the North American frozen tilapias market decreased by -X% to $X in 2020. Over the period under review, consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2019, and then shrank in the following year.

Frozen Tilapias Production in Northern America

In value terms, frozen tilapias production rose markedly to $X in 2011 estimated in export prices. The total production indicated a buoyant increase from 2007 to 2011: its value increased at an average annual rate of +X% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2011 figures, production increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. The level of production peaked in 2011 and is likely to continue growth in years to come.

Production By Country in Northern America

The U.S. (X tons) remains the largest frozen tilapias producing country in Northern America, accounting for X% of total volume.

In the U.S., frozen tilapias production increased at an average annual rate of +X% over the period from 2007-2011.

Frozen Tilapias Exports

Exports in Northern America

In 2020, approx. X tons of frozen tilapias were exported in Northern America; waning by -X% on 2019. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, frozen tilapias exports dropped markedly to $X in 2020. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. prevails in frozen tilapias exports structure, resulting at X tons, which was approx. X% of total exports in 2020. Canada (X tons) occupied a relatively small share of total exports.

From 2012 to 2020, average annual rates of growth with regard to frozen tilapias exports from the U.S. stood at -X%. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +X% from 2012-2020. While the share of Canada (+X p.p.) increased significantly in terms of the total exports from 2012-2020, the share of the U.S. (-X p.p.) displayed negative dynamics.

In value terms, the U.S. ($X) remains the largest frozen tilapias supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

In the U.S., frozen tilapias exports decreased by an average annual rate of -X% over the period from 2012-2020.

Export Prices by Country

In 2020, the frozen tilapias export price in Northern America amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. totaled $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Frozen Tilapias Imports

Imports in Northern America

For the third year in a row, Northern America recorded growth in overseas purchases of frozen tilapias, which increased by X% to X tons in 2020. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the immediate term.

In value terms, frozen tilapias imports shrank to $X in 2020. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

The U.S. prevails in frozen tilapias imports structure, finishing at X tons, which was near X% of total imports in 2020. It was distantly followed by Canada (X tons), achieving a X% share of total imports.

The U.S. was also the fastest-growing in terms of the frozen tilapias imports, with a CAGR of +X% from 2007 to 2020. Canada experienced a relatively flat trend pattern. From 2007 to 2020, the share of the U.S. increased by +X% percentage points, while Canada (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) constitutes the largest market for imported frozen tilapias in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., frozen tilapias imports expanded at an average annual rate of +X% over the period from 2007-2020.

Import Prices by Country

In 2020, the frozen tilapias import price in Northern America amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2015 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per ton), while the U.S. totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Platform

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