Tilapia Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Tilapia in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Tilapia Price Trend for the Second Half of 2023

Tilapia is a freshwater fish, and its popularity stems from its rapid growth rate, adaptability to various environments, and relatively low-cost feed requirements. In the food industry, tilapia serves as a significant protein source, extensively used in serving the growing demand for seafood globally.

Tilapia Price Chart

Please Login or Subscribe to Access the Tilapia Price Chart Data
 

China and Indonesia recorded a significant surge in tilapia production with estimates to exceed 7 million metric tons in 2024. Tilapia's production in the aforementioned regions was able to maintain steady growth, albeit at a slightly slower pace, during the third and fourth quarters of 2023. However, challenges persisted, notably from the impact of U.S. tariffs on Chinese imports, affecting pricing dynamics and fostering caution among producers, leading to an unstable trend in the prices of tilapia. This, in turn, led to the exploration of growth opportunities in non-China supply chains. Additionally, Egyptian and pan-African production was also on the rise, helping in the expansion of the global production base. Despite these developments, U.S. tilapia imports witnessed a notable decline, indicating shifting market dynamics and potential challenges ahead.

Analyst Insight

According to Procurement Resource, the price trend of Tilapia is expected to remain stagnant in the upcoming quarters as the rise in demand and expansion of production activities will help in the stabilization of the supply-demand equilibria.

Tilapia Price Trend for the First Half of 2023

In global markets, the prices of Tilapia oscillated in the first and second quarters of 2023 as high rates of inflation and costs of food and beverages spiked globally. For the market of Tilapia, extreme weather conditions proved to be a challenge for the rise in prices as elevated levels of water bodies impacted the supply of Tilapia in the market and thus helped in the rise in its prices.

In addition to this, there were some serious disruptions in the supply chain caused by the ongoing Russia-Ukraine war that has depleted several countries that were dependent on their food product. In Egypt, in view of the poor supply of Tilapia in the domestic market, the government adopted several policies to increase their production rates, in turn supporting the rise in prices of Tilapia.

Analyst Insight

According to Procurement Resource, the price of Tilapia is expected to oscillate in the upcoming months as the supply of Tilapia is not in balance with the rising demand.

Procurement Resource provides latest prices of Tilapia. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.