Global tilapia producers note growing demand in domestic markets

Tilapia continues to be a popular farmed fish species, with production expected to increase in 2023. The global tilapia market value is likely to increase by three to five percent in 2023. Latin American suppliers are pushing to increase production to meet growing tilapia consumption. Although disease disruptions in the first quarter of 2023 affected several markets in Latin America, the impact has been limited for now as effective measures have been taken to protect production. Brazil's tilapia production is expected to grow by five to seven percent in 2023, driven by strong domestic demand and lower feed costs. Tilapia production in Mexico reached 101,749 tons in 2022, ranking third in production in Latin America, and is expected to grow steadily at three percent year-on-year. In Colombia, tilapia production growth is expected to reach ten percent year-on-year in 2023. Tilapia production in Asia is likely to grow steadily in 2023. Tilapia production in China will remain high, ...