Strong demand for tilapia pushes Brazilian fish exports to double in second quarter

Published 2024년 7월 30일

Tridge summary

In the first half of 2024, export earnings surged by 98% compared to the same period in 2023, with June being the peak month for sales. Fresh or chilled fillets were the leading export category, followed by frozen whole fish. Tilapia was the dominant export, making up 92% of total exports in the second quarter, primarily to the US. While most export categories grew, frozen fillets and fresh or chilled whole fish saw declines. The average price of tilapia products, particularly fresh fillets, increased significantly.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The first half of 2024 saw an impressive 98% increase in export earnings compared to the same period in 2023. Export volumes during this period accounted for 79% of total exports in 2023 and 96% by value. June marked the peak of sales in the second quarter, with export earnings reaching $5.5 million, also the highest monthly figure for the first half of the year. There has been a steady monthly increase in export value since January, according to data released by the country's fish farmers' association Peixe BR. Fresh or chilled fillets remained the top export category, bringing in $10.1 million, up 79% from the first quarter of 2024 and 145% year-on-year. Frozen whole fish was the second top-selling category with nearly $3.9 million, up 91% from the previous quarter and 73% from the same period a year earlier. Conversely, frozen fillets and fresh or chilled whole fish were the only categories to see declines, down 31% and 14% respectively compared to the first quarter of 2024. ...

Source: Fishretail