Tilapia market faces slow demand amid high supply in May

The Brazilian tilapia market experienced sluggish demand in May, coinciding with an abundant supply of fish, according to researchers at the Center for Advanced Studies in Applied Economics (Cepea).

This imbalance exerted downward pressure on prices across all monitored regions. Even the robust pace of product shipments failed to prevent domestic price declines.

Cepea researchers noted that this time of year typically sees devaluations due to decreased demand with the onset of milder temperatures.

However, Brazilian tilapia exports, including fillets and secondary products, saw a significant boost. The volume shipped reached 1,389 thousand tonnes in May, marking a 65.7% increase compared to April and a 40% rise year-over-year, according to data from the Secretariat of Foreign Trade (Secex).

The chart below shows exports of frozen fish meat (measured in TEUs) from Brazil between January 2021 and April 2024. The data is from DataLiner.

Frozen fish from Brazil | Jan 2021 – Apr 2024 | TEUs

Source: DataLiner (click here to request a demo)

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