SeaFood Business

MAY 2014

SeaFood Business is the global trusted authority for seafood buyers and sellers. We are the seafood industry's leading trade magazine with more than 30 years of experience. Our coverage is based on the "business" of buying and selling seafood.

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Trade Tracker 16 SeaFood Business May 2014 Visit us online at Tilapia trends upward U.S. imports of popular whitefsh increase 7 percent Zepol Corp. of Minneapolis provides up-to-date U.S. trade data through several subscription tools: TradeIQ™ is a U.S. Customs import bill of lading database utilized to fnd information about competitors, suppliers, prospects, and the products that they use, market, or transport. TradeView™ provides U.S. Census data to visualize the U.S. import and export market. ComplianceMonitor™ is a comprehensive tool that proactively alerts users of essential U.S. import trade compliance information. For more information, visit U .S. tilapia de- mand has been on a steady uptick for the past decade and in 2013 it grew even higher. Tilapia imports in- creased by nearly 7 percent from 2012 to 2013, and import val- ues went from $970 million in 2012 to more than $1.03 bil- lion last year. Te most popular U.S. ports of entry for the fsh are Los Ange- les, Miami and New York. Tere's a heavy reliance on Chinese product, command- ing 67 percent of the tilapia import market, an increase of 6 per- cent in 2013. Roughly 30 percent of imports come from Indonesia, Indonesia Honduras Costa Rica Taiwan Ecuador Colombia Mexico Thailand All other 8% 6% 5% 4% 4% 3% 1% 1% 1% 67% China Asia, South America dominate supply Origins of U.S. tilapia imports $37.5 $75 $112.5 $150 Nov Oct Sep Jul Jun May Apr Mar Feb 2012 Aug Jan Dec 2013 Post-Lent drop-off, end-of-year build up Monthly imports by total value, in millions of dollars Honduras, Costa Rica and Taiwan, Ecuador and Columbia. Mexico became a top tilapia supplier to the United States last year. Mexico sent only about $18,000 worth of tilapia in 2012, but in 2013 that number jumped to $12.4 million. Port of Los Angeles on top Top fve ports of entry Los Angeles $238,732,255 40% Miami $207,971,154 31% New York $169,484,322 8% Tampa, Fla. $82,333,822 6% Seattle $76,545,140 4%

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