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99 million (source: NOAA).
Don Kelley, purchasing manager at Western Edge, a U.
S
.
importer, said: "We have seen weakness in the market in May and stagnant sales.
2021 was a particularly strong year of consumption, with demand beginning to recover and the pandemic changing people's lifestyles
.
However, due to delays in shipping logistics, importers are more or less oversourcing, and by the end of spring 2022, the deferred goods have been cleared, consumer demand has been fully met, and US inventories have risen, so the frequency of purchases has slowed
down.
”
S
.
importer, said: "We have seen weakness in the market in May and stagnant sales.
2021 was a particularly strong year of consumption, with demand beginning to recover and the pandemic changing people's lifestyles
.
However, due to delays in shipping logistics, importers are more or less oversourcing, and by the end of spring 2022, the deferred goods have been cleared, consumer demand has been fully met, and US inventories have risen, so the frequency of purchases has slowed
down.
”
No matter how volatile the market is and how severe the inflation in the United States, China remains the largest supplier of
tilapia to the United States.
In August, the United States imported 7,418 tons of tilapia from China, down 38% year-on-year, and imported US$26.
25 million, down 20% year-on-year, with an import unit price of $3.
54/kg
.
tilapia to the United States.
In August, the United States imported 7,418 tons of tilapia from China, down 38% year-on-year, and imported US$26.
25 million, down 20% year-on-year, with an import unit price of $3.
54/kg
.
Kelley believes that a downward trend in U.
S.
imports is inevitable
.
"From the first quarter to the third quarter, tilapia prices fell, and we can also see from our conversations with Chinese suppliers that there is not much demand to drive volume growth, and the US market is saturated
.
Because of inflation, consumers have reduced their purchases of non-essential goods, which has led to further weakening
of Chinese prices.
Coupled with the appreciation of the dollar, the price is pushed even lower
.
”
S.
imports is inevitable
.
"From the first quarter to the third quarter, tilapia prices fell, and we can also see from our conversations with Chinese suppliers that there is not much demand to drive volume growth, and the US market is saturated
.
Because of inflation, consumers have reduced their purchases of non-essential goods, which has led to further weakening
of Chinese prices.
Coupled with the appreciation of the dollar, the price is pushed even lower
.
”
In the first half of this year, the United States imported 58,621 tons of tilapia products from China, an increase of 16% year-on-year, and imported $210 million, an increase of 59%
year-on-year.
From January to June, Chinese tilapia accounted for 63%
of the US market share.
Despite this, South American countries such as Brazil, Colombia and Costa Rica are catching up and expanding their market share
in the United States.
year-on-year.
From January to June, Chinese tilapia accounted for 63%
of the US market share.
Despite this, South American countries such as Brazil, Colombia and Costa Rica are catching up and expanding their market share
in the United States.
Kelley said, "Brazil has abundant freshwater resources, and its proximity to the United States has logistical advantages
.
But their disadvantage is that they don't have much government support, and there are no export tax rebates and incentives
.
Not only Brazil, but many South American countries do not have it
.
”
.
But their disadvantage is that they don't have much government support, and there are no export tax rebates and incentives
.
Not only Brazil, but many South American countries do not have it
.
”
"In addition, Brazil is not a big aquaculture country, Brazil has a strong livestock and poultry industry, but they don't like to eat seafood, especially inland
.
" Kelley said that if Brazil can continue to invest in aquaculture infrastructure, it may help increase aquaculture production and expand the supply of domestic sales and exports
.
.
" Kelley said that if Brazil can continue to invest in aquaculture infrastructure, it may help increase aquaculture production and expand the supply of domestic sales and exports
.
