The global Tilapia market experienced price fluctuations during the first and second quarters of 2023 due to rising inflation and increasing costs in the food and beverage sector. Tilapia Price chart, including India Tilapia price, USA Tilapia price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Extreme weather conditions posed a significant challenge as they disrupted water bodies, impacting Tilapia supply and driving prices higher. Supply chain disruptions arising from the Russia-Ukraine war also affected global food markets. In Egypt, facing a domestic Tilapia supply shortage, the government implemented policies to boost production, further contributing to rising Tilapia prices. These factors collectively influenced the oscillating price trends in the Tilapia market during this period.
Definition
Tilapia refers to a group of freshwater fish species known for their wide consumption worldwide. They are characterized by their mild-flavored, white flesh and are often recognized for their role in aquaculture. Tilapia are fast-growing, adaptable, and can thrive in various aquatic environments. They are herbivorous, feeding on plants and algae, making them a sustainable food source. Tilapia’s versatility in culinary applications, coupled with their ease of cultivation, has made them a popular choice in the seafood industry. These fish are also known for their ability to help manage algae and nutrient levels in aquaculture ponds, contributing to water quality control.
Request for Real-Time Tilapia Prices: https://www.procurementresource.com/resource-center/tilapia-price-trends/pricerequest
Key Details About the Tilapia Price Trend:
- Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Tilapia in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
- Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
Factors Influencing Tilapia Prices
- Production Costs:
- Feed Prices: Tilapia farming requires feed inputs, primarily composed of fishmeal, soybean meal, grains, and supplements. Fluctuations in feed ingredient prices, influenced by factors such as global grain markets, aquafeed demand, and weather conditions, impact production costs.
- Labor Costs: Labor-intensive activities in tilapia farming, including pond management, feeding, harvesting, and processing, contribute to production expenses. Variations in labor wages, availability of skilled labor, and labor regulations influence operating costs.
- Water and Land Costs: Expenses related to water sourcing, land lease or ownership, pond construction, and infrastructure maintenance affect production costs for tilapia farmers, particularly in regions with limited water resources or high land prices.
- Market Demand and Supply:
- Consumer Preferences: Tilapia consumption is influenced by consumer preferences for affordable and sustainable seafood options. Changes in dietary habits, health awareness, and culinary trends impact demand dynamics and pricing trends.
- Production Levels: Global tilapia production, influenced by factors such as aquaculture investments, technological advancements, disease outbreaks, and environmental regulations, affects market supply and pricing stability.
- Imports and Exports: International trade of tilapia products, including fresh and frozen fillets, whole fish, and value-added products, influences market dynamics and pricing trends. Trade policies, tariffs, exchange rates, and trade agreements impact import/export volumes and prices.
- Regulatory Environment:
- Food Safety Regulations: Compliance with food safety standards and regulations, including seafood inspection, labeling requirements, and traceability measures, affects production practices and processing costs for tilapia producers.
- Environmental Regulations: Environmental regulations governing water quality, waste management, and habitat conservation impact tilapia farming practices and operational costs. Compliance with sustainability standards and certification schemes may entail additional expenses for producers.
- Disease Management and Biosecurity:
- Disease Outbreaks: Tilapia farming is susceptible to disease outbreaks, including bacterial, viral, and parasitic infections, which can cause significant production losses and increase costs associated with disease management, treatment, and biosecurity measures.
- Biosecurity Protocols: Implementing biosecurity protocols, such as quarantine measures, water quality management, vaccination programs, and farm hygiene practices, is essential for disease prevention and risk mitigation, albeit adding to production costs.
Industrial Uses Impacting the Tilapia Price Trend
Tilapia, a versatile freshwater fish, serves various industrial purposes. In the food industry, it is a valuable source of protein and is widely consumed as a nutritious seafood option. Tilapia’s mild flavor and white flesh make it suitable for diverse culinary applications, from fillets to processed products like fish sticks and surimi. The aquaculture sector relies heavily on tilapia farming to meet global seafood demand. Tilapia also plays a role in wastewater treatment, where it helps control algae and nutrient levels in water bodies. Additionally, the fish’s scales and skin have potential applications in cosmetics and pharmaceuticals, reflecting its significance across industries.
- Price Volatility:
- Seasonal Variations: Tilapia prices may exhibit seasonal fluctuations due to factors such as weather patterns, harvest cycles, and holiday demand spikes.
- Supply Chain Dynamics: Factors affecting supply chain efficiency, including transportation costs, storage facilities, and distribution networks, influence pricing dynamics and market competitiveness.
- Value Chain Integration:
- Vertical Integration: Vertical integration of tilapia production, processing, and distribution enables companies to capture value across the supply chain and optimize pricing strategies to meet consumer demand and market trends.
- Contract Farming: Contract farming arrangements between producers and buyers provide price stability and market access, while also ensuring product quality and consistency.
- Market Differentiation:
- Product Quality and Branding: Differentiation based on product quality, freshness, sustainability, and branding enables tilapia producers to command premium prices and compete in niche markets.
- Value-Added Products: Innovation in product development, including value-added processing, packaging, and convenience formats, allows companies to diversify product offerings and capture higher margins.
Key Players:
- Seatrade
- Atlantic Capes Fisheries Inc
- Atalanta Corporation
- Ideal Foods Ltd
- Sea Delights
Contact Us
Company Name: Procurement Resource
Contact Person: Leo Frank
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada - Phone no: +1 307 363 1045 | UK - Phone no: +44 7537 132103 | Asia-Pacific (APAC) - Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
