Global tilapia supply expected to grow at a good pace in 2024

Published 2024년 3월 5일

Tridge summary

Tilapia production worldwide is experiencing a growth spurt, with a 3% increase in 2023, pushing the total to around 6.7 million tons. China continues to dominate the market, maintaining steady production in 2023 and forecasting further growth in 2024. Other major contributors include Egypt, which is expected to see up to a 10% increase by 2024, and Indonesia, which is on track to produce 1.5 million tons this year. Despite facing some hurdles in 2023, Brazil is projected to produce 600,000 tons in 2024, securing its spot as the fourth largest producer globally.

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

Original content

Global tilapia production continues to rise, as indicated by recent data from FAO and international consultancies. In 2023, the growth recorded was 3% compared to the previous year, bringing the numbers to a range between 6.65 and 6.7 million tons, according to the sources consulted. This increase is significant, considering that in 2020 global production was around 6.1 million tons. Projections for 2024 point to further progress, with the possibility of reaching the 6.8 million ton mark. The undisputed leadership of this market remains in the hands of China, although its production has remained relatively stable in 2023. However, according to FAO forecasts, a return to growth is expected for the country in 2024, further consolidating its prominent position . Among the large producers, Egypt stands out, with optimistic projections indicating an increase of up to 10% in cultivation by 2024. This positive scenario comes after decades of annual jumps of up to 5%. Another country on ...

Source: Opresenterural