Kevin Fitzsimmons, professor of environmental science at the University of Arizona, told the crowd at the World Tilapia Conference last month the estimated value of tilapia product forms imported to the United States, the world's most valuable tilapia market, will exceed $1 billion by the end of this year.
Combining the $986.1 million in tilapia imports to the United States in 2012, with the estimated $84 million in US-produced farmed tilapia which was sold that year, that mark has essentially already broken, Fitzsimmons said.
In his presentation, Fitzsimmons pointed to several reasons why the consumption of the whitefish has grown, not only in the United States, but throughout the world.
According to Fitzsimmons, the increase of tilapia farming in Mekong, Vietnam; government support and private sector investment in Malaysia; the commercialization of sub-Saharan Africa and the availability of water, labor, land and feed in Brazil have all led to increased production.
Similar to Malaysia, Bangladesh farmers, with the support from their government and private sector investments, are expected to increase production from roughly 100,000 metric tons in 2011, by nearly 20,000 metric tons this year.
Mike Picchietti, president of Americas Tilapia Alliance, told IntraFish the numbers shouldn’t be surprising as the popularity of the fish continues to grow, especially in the United States.
“In general aquaculture is shrinking in this country but tilapia farming is growing exponentially,” he said. “I think tilapia is going to continue to grow everywhere but it’ll depend on the country’s natural resources.”
After announcing the change from the American Tilapia Association to the Americas Tilapia Alliance (ATA) last month, in order to expand the group's focus and international influence, Picchietti said the use of the fish could grow worldwide if the technology to process it is developed.
In the US the cost to produce the fish is double, and three to five times as much to process it than tropical developing countries, he said. Automation has also not worked yet because of the small size of tilapia needs human work.
Marketing live tilapia could also increase the demand for the fish in the region, Picchietti added.
“I could see all the grocery stores and restaurants having live tanks with tilapia in them,” he said. “That’s one of the main goals of the new ATA is to see if we can expand the market and develop trade in the central and south American countries.”
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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