Brazil holds great potential for tilapia exports

Published 2022년 2월 22일

Tridge summary

Brazil is the world's fourth-largest tilapia producer and has the highest growth potential, with tilapia farming increasing exponentially and exports growing by 78% in 2021 to USD 20.7 million. The industry, which started around 15 years ago, has attracted private investment and has the potential to expand due to the use of hydroelectric power plant reservoirs for fish farming. The sector is supported by federal tax exemptions and cooperation with Apex-Brasil for international promotion. Major buyers include the United States, Colombia, and China, and there is potential for growth in other markets. The quality, safety, and competitive pricing of Brazilian tilapia are highlighted, with large poultry exporters also investing in fish farming. Arab countries, already buying Brazilian poultry, are also potential markets for Brazilian tilapia due to its quality and safety.

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

Original content

São Paulo – Brazil is the fourth-largest producer of tilapia and the country with the highest growth potential in the world. Fish farming has been increasing exponentially for just over a decade, and exports, which began about five years ago, follow the trend, bringing a turning point for the sector. The segment's export revenue grew 78% in 2021 compared with 2020, to USD 20.7 million. In volume, growth was 49% over the previous year, with 9,900 tonnes shipped. Frozen fillet sales increased 573% in 2021 year on year. After fresh fillets, it’s the second product with the highest added value in fish farming. Current leading buyers of tilapia from Brazil are the United States (64%), Colombia (9%), and China (8%). Chile and Canada also buy the fish, especially in fresh or frozen fillets. “Today, over half of the volume exported goes to the US, but the trend is diversifying destinations,” Manoel Pedroza, a researcher at EMBRAPA Fisheries and Aquaculture, told ANBA. EMBRAPA is the ...

Source: Anba