U.S. tilapia imports fall to record low, with sales in China down 20%

Published 2024년 7월 15일

Tridge summary

The article highlights a significant decrease in the import of fresh and frozen tilapia fillets in the US, with a 16% and 19% drop respectively from January to May compared to the previous year. This decline is largely due to a 20% reduction in China's supply, leading to a decade-low import volume. Despite this, the US has seen a 12% increase in imports of frozen fillets from Indonesia. The market share of Colombian fresh fish fillets has also increased from 43% to 53%. However, the import volumes of fresh fish fillets from Sri Lanka, Mexico, and Costa Rica have seen significant decreases. Brazil is the only Latin American country experiencing an increase in cumulative sales. The article also discusses issues such as disease outbreaks in South American farms, packaging problems in Costa Rican factories, and the dominant position of Regal Springs in the US frozen tilapia market.

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

Original content

From January to May, the import volume of fresh tilapia fillets in the United States fell by 16% year-on-year, and the import volume of frozen fillets fell by 19% year-on-year. The year-on-year decline in China's supply was as high as 20%, setting a new low since the epidemic (down 28% from the same period in 2020). At the same time, the United States imported an increase in the number of frozen fish fillets from Indonesia, with an import volume of about 599 tons in May, a year-on-year increase of 12%, and an import value of US$5.6 million. Francisco Murillo, CEO of Tropo Farm, a Ghanaian tilapia producer, told UCN: "The downward trend in US imports highlights global supply problems. This year's import volume of fresh and frozen fish fillets is expected to be the lowest in a decade, which will affect the supply and consumption of the US market." Despite the overall decline in imports, the number of fresh fish fillets imported by the United States from Colombia from January to May ...

Source: Foodmate