The forecast for fresh or chilled tilapia fillets imports to the US indicates a steady growth from 2024 through 2028. In 2023, this import value stood at $172 million USD. The data shows a gradual increase year-on-year, with each subsequent year seeing a rise of approximately 1.15% to 1.1%. The compound annual growth rate (CAGR) over the next five years calculates to approximately 1.1%, signifying a stable market growth for this product.

Future trends to watch for include:

Potential fluctuations in supply chain dynamics due to geopolitical factors or climate impacts which might affect import costs.
Changes in consumer preferences toward sustainable and locally sourced products which could impact tilapia demand.
The role of advancements in aquaculture technology in maintaining or enhancing product availability and cost-effectiveness.