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

Tilapia Price Trends and Forecast

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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.

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Tilapia is a freshwater fish belonging to the cichlid family which are popular for their adaptability, fast growth, and mild flavored white flesh. It is popularly used in aquaculture and food production and thus is consumed worldwide in various cuts such as fillets. Tilapia also has versatile culinary applications and thus plays a significant role in seafood production and consumption.

Product Details

Report Features Details
Product Name Tilapia
Industrial Uses Fish meal production, Biomedical research, Aquaponics and integrated farming, Pharmaceutical and cosmetics industries, Aquaculture, Food processing
Supplier Database Seatrade, Atlantic Capes Fisheries Inc, Atalanta Corporation, Ideal Foods Ltd, Sea Delights
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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