Tilapia Prices Explained

In 2025, tilapia prices have fluctuated due to supply and demand factors. In the United States, wholesale prices range from $2.05 to $4.11 per kilogram ($0.93 to $1.86 per pound). Retail prices are higher, ranging from $2.93 to $5.87 per kilogram ($1.33 to $2.66 per pound).

In the Philippines, tilapia prices differ by region. In Guimaras, the retail price was ₱180.00 per kilogram in July 2025, consistent with June 2025 prices. In Zamboanga Peninsula, the retail price in May 2025 was ₱157.50 per kilogram.

Why are Tilapia Prices Fluctuating?

1. Feed Costs and Supply Chain Issues

The cost of feed, a major expense for tilapia farming, has risen due to global supply chain disruptions. Increased transportation costs have also raised production expenses.

2. Demand from Emerging Markets

Tilapia is becoming more popular in emerging markets because it is affordable and versatile. This higher demand is pushing prices up.

3. Climate and Weather Conditions

Adverse weather, such as floods and droughts, has affected tilapia farming, reducing production and raising prices.

4. Trade Policies and Tariffs

Changes in trade policies and tariffs, such as those imposed by the U.S. on Chinese tilapia imports, have impacted prices and availability.

Which Variables Impact the Price of Tilapia?

• Feed Costs and Supply Chain Challenges
• Demand from Emerging Markets
• Climate and Weather Factors
• Trade Policies and Tariffs

Where Does Tilapia Come From?

Tilapia is native to Africa and the Middle East but is now farmed globally. The largest producers include:

• China: The top producer, accounting for over 29.8% of global production.
• Egypt: A major producer in Africa.
• Indonesia: A leading producer in Southeast Asia.
• The Philippines: Known for farming both freshwater and brackish water tilapia.

Tilapia farming thrives in tropical and subtropical regions due to favorable environmental conditions.

What are the Uses of Tilapia?

1. Culinary – Tilapia is commonly grilled, baked, or fried due to its mild flavor and firm texture.

2. Frozen Fillets and Value-added Products – Frozen fillets and products like fish sticks are popular in retail markets.

3. Aquaculture Feed – Tilapia is sometimes used as feed for other farmed fish.

4. Pet Food – It is a common ingredient in fish-based pet food.

5. Nutraceuticals and Supplements – In some regions, tilapia by-products are used in nutraceuticals and supplements.

What is the Future Price of Tilapia?

The global tilapia market is projected to grow from USD 15.14 billion in 2025 to USD 24.22 billion by 2035, expanding at a CAGR of 4.8%. This growth is primarily driven by the increase in demand and higher production costs.

In the United States, retail prices for tilapia are expected to gradually rise over the next few years due to varying factors such as increased feed costs, labor, and transportation expenses. However, the exact future prices will depend on various factors, including trade policies and global supply chain dynamics.