Rabobank, GSA report finds Egyptian tilapia output on the path toward recovery

Published 2024년 1월 5일

Tridge summary

Egypt, as well as other African countries, are expected to see growth in tilapia production in 2023 and 2024 due to increased aquaculture capacity and rising local demand for seafood-derived protein. The predicted growth in Egypt's tilapia production is attributed to the country's market-friendly policies, such as pursuing private-sector investments and enabling public-sector interventions. However, the country's tilapia industry is threatened by economic instability and rising feed costs, which is impacting the overall seafood sector in Egypt.

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

Original content

Egypt's tilapia sector is expected to post year-over-year growth in both 2023 and 2024, marking a positive shift from the stagnant output the North African country’s aquaculture sector has reported since 2020, according to a joint report from the Global Seafood Alliance (GSA) and Rabobank.Specifically, the report, which references data from the GSA and Dutch banking and financial services provider Rabobank, estimates Egyptian tilapia production to grow 6.2 percent in 2023 and will grow 5.2 percent in 2024.Meanwhile, five other African tilapia-producing countries – Ghana, Nigeria, Uganda, Zambia, and Zimbabwe – will post combined estimated production growth of 15.6 percent in 2023 and 17.6 percent in 2024, according to the report.This brighter outlook is largely due to “additional culturing capacity put in place in recent years” by African governments, “as well as national policies promoting aquaculture fueled by rising local demand,” according to the Food and Agriculture ...

Source: Seafoodsource