Import tariffs on U.S. tilapia will be levied starting in February. How will the market structure change?

At the Global Seafood Market Conference, the increasing global production of tilapia contrasted with decreasing U.S. consumption, primarily due to trade politics and regulations. The U.S. imports mostly frozen fillets, with China being a major supplier despite rising tariffs and shifting market trends towards non-Chinese tilapia from countries like Indonesia, Egypt, and India. This shift is driven by the anticipation of higher Chinese tariffs and increased production costs, leading to a potential decline in U.S. consumption. Pangasius from Vietnam is emerging as a replacement for tilapia, despite market space limitations. The National Fisheries Institute forecasts a shift in market dynamics favoring pangasius, with tilapia's share expected to further decrease in the U.S. market by 2025.