U.S.: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in the U.S.

After two years of growth, the U.S. frozen tilapias market decreased by -X% to $X in 2020. In general, consumption saw buoyant growth. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Frozen tilapias consumption peaked at $X in 2019, and then reduced in the following year.

Frozen Tilapias Exports

Exports from the U.S.

Frozen tilapias exports from the U.S. dropped significantly to X tons in 2020, with a decrease of -X% on 2019. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, frozen tilapias exports contracted notably to $X in 2020. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Guatemala (X tons), Honduras (X tons) and Panama (X tons) were the main destinations of frozen tilapias exports from the U.S., with a combined X% share of total exports. These countries were followed by China, Canada, Vietnam, Nicaragua and Australia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen tilapias exported from the U.S. were Guatemala ($X), Honduras ($X) and Canada ($X), with a combined X% share of total exports. Vietnam, Panama, China, Nicaragua and Australia lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen tilapias export price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Tilapias Imports

Imports into the U.S.

For the third year in a row, the U.S. recorded growth in supplies from abroad of frozen tilapias, which increased by X% to X tons in 2020. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, frozen tilapias imports reduced to $X in 2020. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of frozen tilapias to the U.S., with a X% share of total imports. Moreover, frozen tilapias imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Vietnam (+X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Vietnam ($X) were the largest frozen tilapias suppliers to the U.S., together accounting for X% of total imports.

In terms of the main suppliers, Taiwan (Chinese) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average frozen tilapias import price amounted to $X per ton, dropping by -X% against the previous year. Overall, the import price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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