With a Rosy Outlook, Baiyang Plans to Process More Tilapia 

Baiyang, one of China’s leading companies in tilapia processing, said its annual production reaches about 0.12 million tons at present, and the number is expected to exceed 0.2 million tons around 2025, during a Q&A session on 0033.com. Most processed ones are exported to countries and regions like America, Europe, the Middle East, and South America.

Recently it has adjusted export prices according to higher farm gate prices, but the company said it has received more inquiries from...

ANALYSIS: Tilapia Imports, Prices Retreat 

June 2023 imports for frozen tilapia fillets were recorded at 16.9 million pounds, falling below both the previous 3-year (21.6 million lbs.) and 10-year (23.9 million lbs.) averages for the month of June; down 22.0 percent and 29.4 percent respectively.

June imports adjusted 7.6 percent lower than the previous month while retreating 26.3 percent lower than the June 2022 volume of 22.9 million pounds. On a year-to-date basis imports are tracking 10.0 percent below 2022 totals of the same January through June time frame...

ANALYSIS: Catfish, Pangasius, and Tilapia Markets Soften into Summer 

Imported aquaculture species including catfish and tilapia from China, as well as pangasius/swai from Vietnam have experienced some price softening due to an overabundance of supply relative to current demand trends. While catfish and pangasius markets have seen a gradual retreat over the past few weeks across all sizes, tilapia remained mostly steady until recently where smaller sized fillets were the first to report discounts...

One of China’s Main Tilapia Exporters Achieves Better Performance in This First Half of the Year

During an online interview, Baiyang, a major seafood company in China, said its market performance, especially that of the wprocessing sector, has bettered during this first half of the year, according to a report from Stockstar.com. Within this period, the revenues from its seafood processing business ballooned by 62.11% to 0.534 billion yuan compared with the same period last year. And the number constitutes 36.77% of the company’s total, which only increased by 27.43%...

ANALYSIS: Fresh and Frozen Tilapia Pricing Gap Widens

A notable shift is taking place within the tilapia market, where the pricing gap between frozen tilapia fillets from China and fresh tilapia fillets from Central and South America is expanding.

The market for frozen tilapia fillets imported from China are witnessing a downturn as discounted wholesale prices emerge within the U.S. Key market participants report that contributing factors include fallen demand due to consumer inflation fatigue, high cold storage rates, as well as overall ample supply in the global market due...

Seafood Consumption Figures for 2021 Released, Increasing 1.5 Pounds From 2020

NOAA’s annual Fisheries of the United States report has been released, revealing seafood consumption figures for 2021.

According to the report, the U.S. annually ranks as one of the top seafood-consuming nations globally. And 2021 did not disappoint. Based on NOAA’s figures per capita consumption was at 20.5 pounds, which is a 1.5 pound increase from 2020.

Fresh and frozen seafood made up 50% of per capita consumption. Fillets and steaks had the next highest percentage of 19% per capita consumption, followed by shrimp (all) at 18% and...