The frozen tilapia imports to the US are projected to grow steadily from 2024 to 2028, increasing from $120.97 million to $136.59 million. Assuming that the 2023 figures stood at $117.00 million, the forecast suggests a consistent year-on-year growth: approximately 3.3% from 2024 to 2025, 3.1% from 2025 to 2026, 3% from 2026 to 2027, and another 2.9% by 2028. Overall, the compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 3.1%.
Future Trends to Watch:
- Increase in demand for sustainable seafood options could influence import volumes and values.
- Trade policy changes and import tariffs may affect pricing and supply chains.
- Evolving consumer preferences towards health-oriented diets may boost frozen tilapia consumption.