The best selling fish of 2024 : TILAPIA

Tilapia is the most powerful fish in the aquaculture industry in 2024, and it has attracted strong attention from the industry for more than a year.

The tilapia market has been depressed for many years, and farmers have lost money before, but since the second half of last year, the tilapia market has been rising, and farmers are enthusiastic. This is because tilapia does not change much in terms of cost or quantity, and the main change is market demand.

In terms of export markets, tilapia sales remained stable and increased. Customs export data: The output of tilapia in Hainan Province in the first 10 months of 2024 is about 120,000-130,000 tons, and the output and cargo value have both increased compared with the same period last year.

At present, China's tilapia is mainly exported to North America (mainly the United States) market, European market, African market and other markets, and the growth of demand in these international markets has boosted domestic fish prices. Tilapia is not a high-end product in the international aquatic product trade, and the current global economic downturn is precisely because the high quality and low price characteristics of tilapia are suitable for more consumers around the world, especially the civilian class.

However, the recent price decline is due to the recent production volume. But even so, the tilapia market in the second half of the year is still optimistic. One of the reasons is that foreign buyers have stepped up imports to prepare for the coming Christmas and the short period of Chinese New Year production. This preparation  basically completes before November.

In addition, there is an additional uncertainty, that is, will President Trump impose a 60% tariff on Chinese imports after he takes office in January 2025? At present, we do not know, so these international buyers and traders will also be prepared in advance to cope with market changes.