Global tilapia trade continues to grow, with Japan becoming Brazil’s second largest market

Frozen Tilapia

Seafood

Japan

Brazil

Market & Price Trends

Published Nov 29, 2023

Tridge summary

China's tilapia exports to the United States decreased in quantity and value during the first half of 2023 compared to the same period in 2022. However, there was good news for frozen whole tilapia trade between China and other markets, with significant growth in purchases and sales. The U.S. tilapia import market was weak due to inflation and rising food prices, resulting in a decrease in both volume and value of imports. Brazilian tilapia exports were also lower in the first half of 2023 due to a disease outbreak, but exports of chilled tilapia fillets from Latin America were not affected. The United States and Japan are the main markets for Latin American tilapia.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In the first half of 2023, China's tilapia exports to the United States reached 57,689 tons, valued at US$165.2 million. Compared with the same period in 2022, the quantity decreased by 1.6% and the value decreased by 21%. There is good news about the trade of frozen whole tilapia between China and the United States, with a year-on-year increase of 28%. Other markets such as Cote d'Ivoire, Denmark, Turkey and Malaysia also saw significant growth in purchases of Chinese frozen whole tilapia, and sales increased respectively. 56%, 244%, 103% and 163%. The U.S. tilapia import market was weak in the first half of 2023 due to inflation and rising food prices. According to the U.S. National Oceanic and Atmospheric Administration (NOAA), U.S. tilapia imports totaled 86,500 tons in the first half of 2023, worth $3.26 billion, down 7% year-on-year in volume and 15% in value last year. Imports of chilled tilapia fillets fell by 4% and frozen tilapia fillets fell by 7%. On the ...

Source: Foodmate