In 2023, US imports of frozen tilapias, catfish, carp, eels, Nile perch, and snakehead meat were recorded at $849.7 thousand. Based on the forecast from 2024 to 2028, imports are expected to grow steadily, with total import values reaching $986.58 thousand in 2024 and climbing to $1612.2 thousand by 2028. Year-on-year growth rates exhibit significant upward trends: 16.1% in 2024, 16.1% in 2025, 13.7% in 2026, 11.9% in 2027, and 10.6% in 2028. The compounded annual growth rate over this period is projected at 14.1%.
Future trends to watch for:
- Increased demand for affordable fish protein boosting imports.
- Potential market shifts towards sustainable fish sourcing affecting supplier dynamics.
- Trade policy changes impacting import volumes and costs.