In 2023, Mexico dominated the global frozen tilapia fillets imports market, holding the majority share with a substantial increase of 4.48% from the previous year. Peru experienced the highest growth rate at 7.82%, while Indonesia soared with a 36.88% increase, despite its small market share. Conversely, Poland and Greece witnessed significant declines, with reductions of 7.96% and 20.13% respectively. The overall five-year CAGR indicates a stable yet varied market landscape, with emerging markets like Malaysia showing considerable promise.
Future trends to watch include Mexico's continued dominance, potential growth in emerging markets like Indonesia and Malaysia, and the impact of global economic conditions on European markets such as Germany and Poland. Additionally, sustainability and production practices may influence regional and national import dynamics.
Top countries in Frozen Tilapias Fillets Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 70.8 | 2023 | +5.79% | +4.48% | View data |
| 2 | 2 Costa Rica | 7.32 | 2023 | +5.56% | +4.36% | View data |
| 3 | 3 Peru | 5.59 | 2023 | +7.53% | +7.82% | View data |
| 4 | 4 Colombia | 4.25 | 2023 | +11.76% | +5.25% | View data |
| 5 | 5 Canada | 3.92 | 2023 | -6.47% | -0.06% | View data |
| 6 | 6 Germany | 3.08 | 2023 | -1.83% | -1.27% | View data |
| 7 | 7 Poland | 1.76 | 2023 | -11% | -7.96% | View data |
| 8 | 8 South Korea | 1.67 | 2023 | +11.85% | +0.54% | View data |
| 9 | 9 Malaysia | 1.2 | 2023 | +18.4% | +11.88% | View data |
| 10 | 10 Japan | 1.01 | 2023 | +10.3% | -0.98% | View data |
