Global tilapia production will increase to 7 million tons in 2024, and China’s production growth will slow down significantly

Global tilapia production will grow to 7 million tons in 2024, according to a report by Gorjan Nikolik, chief analyst at Rabobank, at the Responsible Seafood Summit, the annual meeting of the Global Seafood Alliance (GSA). ​ The report pointed out that the tilapia aquaculture industry has gradually returned to the growth track after experiencing a production reduction in 2020, with a growth rate of 5.3% in 2023 and 5% in 2024. China, Indonesia and Egypt account for a quarter of the world's production three. ​ China is still the largest tilapia farming country, but the growth rate has slowed down significantly in the past three years. Historically, China's tilapia production growth rate was 2.4%, which dropped to 1.4% in 2022, and is expected to be only 1.3% in 2024 The reason for the slowdown in growth is related to the trade situation. The international market's demand for high-end products is rising, while China's breeding and processing industry is still a typical ...