China and Indonesia are driving growth in global tilapia production

China and Indonesia are leading a charge that will see global tilapia production rise to over 7 million metric tons in 2024.If the prediction from Rabobank and the Global Seafood Alliance holds true, it would be the equivalent of 5 percent year-over-year growth, and a 13 percent increase from 2019. “Overall, the growth of tilapia has been pretty consistent with year-over-year increases, averaging about 5.4 percent each year,” Urner Barry Seafood Market Reporter Lorin Castiglione said at the 2024 Global Seafood Market Conference in Orlando, Florida, U.S.A. on 25 January. “There was a bit of a [decline] in 2020, obviously due to the pandemic, but growth has continued, although it is at a slightly slower pace [since].”China’s tilapia industry “has entered a phase of stability,” according to Castiglione.“We're seeing a steady but moderate growth here and that's indicating a more mature market that continues to expand at a measured pace [at] about 2.4 percent growth annually,” she ...