U.S.: Tilapias Market 2022

Tilapias Market Size in the U.S.

In 2021, the U.S. tilapias market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Tilapias Exports

Exports from the U.S.

In 2021, after two years of growth, there was significant decline in shipments abroad of tilapias, when their volume decreased by -X% to X tons. Over the period under review, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tilapias exports shrank modestly to $X in 2021. In general, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for tilapias exports from the United States, with a X% share of total exports. Moreover, tilapias exports to Canada exceeded the volume sent to the second major destination, Guatemala (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and South Korea (+X% per year).

In value terms, Canada ($X) remains the key foreign market for tilapias exports from the United States, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The average tilapias export price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a mild decrease. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tilapias Imports

Imports into the U.S.

In 2021, the amount of tilapias imported into the United States was estimated at X tons, leveling off at 2020. Over the period under review, imports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, tilapias imports rose notably to $X in 2021. In general, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of tilapias to the United States, accounting for a X% share of total imports. Moreover, tilapias imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Indonesia (-X% per year).

In value terms, China ($X) constituted the largest supplier of tilapias to the United States, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2021, the average tilapias import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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