29/11/2017 The report analyses the market situation until June 2017
International demand for tilapia steady, though US market weak with discouraging prices
During the first half of 2017, approximately 170 000 tonnes of tilapia (whole, fillets and breaded) entered the international market. While the United States of America grapples with a weak market, the EU28 market is recovering somewhat, although prices remain weak. Asian and Latin American markets continue to be strong as production increasingly stays within their own domestic markets in addition to imports from China.
Chinese companies are continuing to seek opportunities to expand into African markets to target the potential and growing demand for tilapia there. They are also seeking to find alternative markets with declining demand in their main market, the USA. Prices in the US market have been decreasing to reach record lows, making trading unprofitable amidst high ex-farm prices. In spite of the slowdown in the US market, total exports of Chinese frozen tilapia continued to post positive growth, with a 7.6 percent increase in exports during the first half of 2017 compared with the same time period a year ago. Growth in exports was almost entirely from the whole frozen tilapia and frozen breaded fillet categories, posting increases of +12 percent and +23 percent respectively. Frozen whole and frozen fillets account for 35 percent of Chinese tilapia exports. Approximately 70 percent of whole frozen tilapia from China entered African markets during the review period.