Chinese Tilapia in the US market
The US is the world’s largest tilapia market in the world. The competition with other seafood products has been decreasing its consumption over the years, but it still represented more than half of the world’s imports for the segment in 2018 and 2019. The largest supplier of tilapias to the US is China, which nearly one-third of its production is targeted to the American market.
Source: Modified from NOAA.
Opportunity for Brazilian tilapia
The news on the US tariffs back to 25% to the Chinese tilapia is seen as an opportunity to the Brazilian tilapia producers. The US market has been dominated by the Chinese frozen tilapia fillets especially due to its highly competitive price, but Brazil can offer fresh tilapia. The fresh tilapia fillets can be available in the American market within just 48 hours from slaughter. The Brazilian tilapia production achieved 432K MT in 2019 with a growth rate of 8% compared to 2018, and it is the 4th in world production with a vast growth potential due to abundant fresh water in the country which can be used for its production. President of Peixe BR says that “in 20 years Brazil will be the biggest tilapia producer in the world” and could become a big exporter in coming years.
Source: Modified from NOAA.
Sources:
NOAA. Cumulative Trade Data by Country/Association.
Undercurrentnews, “Tilapia market sees US demand revival after tariff exemption”.
FAO. “Tilapia exports hit hard by COVID-19”.
TradeMap. Imports and Exports.
Aquaculture North America. “Chinese tilapia exports hit hard by Covid-19“.
Seafood Source. “USTR extends tariff exclusions for some seafood products, others will face tariffs again“
Sintracoop. “Cooperativa inicia exportação de tilápia resfriada aos EUA“.
Diario do Comerio. “Tilápia se destaca e produção sobe 4,9%".
Agrolink. "Em 20 anos Brasil será maior produtor de tilápia"