Tilapia Price Trend and Forecast

Tilapia 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 Q1 of 2025

The first quarter of 2025 saw tilapia prices demonstrate a modest cooling after the upward trajectory of 2024. In January, prices began slightly higher than December levels but gradually eased as the quarter progressed. This moderation was partly influenced by increased production from both established commercial operations and the growing number of small-scale producers entering the market, particularly in developing regions.
 

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By February, the market experienced some stabilization as seasonal demand patterns emerged. The Lenten period, traditionally a time when consumers stock up on fish products, provided temporary support to prices in many markets, especially in Brazil and other predominantly Catholic countries. However, this support was less pronounced than anticipated due to the overall increased supply.

March showed continued softening as Brazilian exports reached new heights, with the US leading global demand for the product. The strong export performance from Brazil's aquaculture industry created additional competitive pressure in international markets, helping to moderate prices. Production efficiency improvements implemented by major producers also contributed to the easing price trend as they worked to offset the previous year's input cost increases.

Analyst Insight

According to Procurement Resource, the Tilapia market appears to be finding a more balanced equilibrium between supply and demand after the growth seen in 2024, with steady consumption supported by health-conscious consumers but tempered by expanding global production capacity and improving farming efficiencies.
 

Tilapia Price Trend for the Year 2024

Tilapia prices followed a moderate upward trajectory throughout 2024, driven by several key factors. In the first quarter, prices remained relatively stable, with slight increases due to continuing recovery in global aquaculture production. As highlighted in the FAO report, aquaculture surpassed capture fisheries as the main producer of aquatic animals for the first time in 2022, a trend that continued to influence markets through 2024.

By mid-year, prices accelerated more noticeably as production costs rose, particularly for feed, which affected major producers. This was especially evident in regions with large-scale farming operations. The increasing consumer preference for healthier protein sources, mentioned in the article about changing food consumption patterns and health consciousness, further supported price growth during the summer months.

The third quarter saw prices stabilize briefly before climbing again in Q4, supported by growing demand in both developed and emerging markets. The 35% increase in Nile tilapia production noted in Zimbabwe was part of a broader global trend, though not enough to fully offset rising costs and demand. Small-scale producers entering the market helped increase supply, but established commercial operations still dominated price setting.

Analyst Insight

According to Procurement Resource, the Tilapia market is expected to continue its growth trajectory as aquaculture expansion persists and consumer health consciousness drives seafood demand. However, producers will need to address rising input costs and sustainable farming practices to maintain long-term viability.
 

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.

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.