AQUACULTURE TILAPIA MARKET

Tilapia is easy to grow because it is consumed in many countries of the world. Tilapia consumption is high due to features such as of high vitamin D source, good blood circulation and brain function, high amino acid content.
Tilapia sector is very active and profitable due to all these advantages. Its production and consumption are one of the most common fish after carp. Here are reasons for the rising of the tilapia market value;

  • Although it is a freshwater fish, it has a salt tolerance of close to 50%.
  • It can be transported easily.
  • Eggs 3 times a year and the number of eggs varies between 1500-2000. A minimum of 80% of these eggs are fertilized and 70% grows in a healthy way.
  • Men grow faster and sperm fertilization takes place in a very healthy way.
  • Fish can reach 400 gr in 4 months. So 3 times a year the product can be given to the market.
  • Its demand is high because it is delicious and rich in nutritional value.

AQUACULTURE TILAPIA MARKET RESEARCH

The following data show that the tilapia has a large and constantly expanding market.

China ;

China's frozen tilapia exports continued to show positive growth in the first half of 2017 with 7.6 percent increase in exports compared to the same period of the previous year. Growth in frozen tilapia and frozen fillet categories exports was almost up 12% and 23%. Frozen whole fish and frozen fillets account for 35 percent of Chinese tilapia exports. Almost 70 percent of all frozen tilapia from China entered the African markets.

United States of America ;

The US represents 70 percent of the tilapia market. Imports of fresh tilapia fillet increased by 3 percent (2017 data).

Latin America ;

In the first half of 2017, tilapia fillet exports amounted to 4400 tons worth USD 25.6 million. In the same period last year, the rate was 19 percent.

Brazil ;

Brazil is one of the main tilapia producers and has a very different market orientation compared to its counterparts in Latin America because 99 percent of the national production is consumed domestically. Strong growth in domestic consumption, combined with the challenge of exports, makes the domestic market the best option for the Brazilian tilapia industry and only 0.5 percent of national production is exported to the United States.

European Union ;

In the first half of 2017, the EU tilapia import has reached an amount of 12900 tons with an increase of 4.7 percent. Frozen whole tilapia imports increased and accounted for 57 percent of total tilapia imports. Imports from China, Thailand and Malaysia increased.

Asia and Other Markets ;

The Islamic Republic of Iran and the Russian Federation have emerged as important markets for tilapia. During the study period, the Islamic Republic of Iran, along with China as a leading supplier, imported 6200 tons of frozen filet and 3200 tons of Russian Federation. Asia, which is the largest supply of tilapia supply, has exported about 145,000 tons tilapia. About 55 percent of Asia's total exports are frozen fillets and this is 45 percent of all frozen foods. On the other hand, Viet Nam has announced that it is trying to increase the supply of tilapia, and recently 6 percent growth targets in aquaculture worth $ 9 billion until 2020.

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