Tilapia Market Report

Tilapia markets were influenced by the difficult economic situation and by low groundfish prices in all major markets. USA is still the major tilapia importing country, while China and Egypt are the main tilapia consuming countries. US tilapia imports expanded somewhat during 2008, with frozen fillets dominating the market, while all other product forms declined. Traders and producers are expecting higher prices for 2010, although groundfish prices are forecast to stay at their present low levels.