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U.S. Tilapia Prices Drop Amid High Inventories and 55% Tariff – Market Outlook 2026
U.S. tilapia prices have fallen again, with frozen fillet wholesale quotes dropping approximately $0.05 per pound in the second week of April 2026. High inventory levels continue to weigh on the market, while a 55% tariff on Chinese tilapia imports distorts purchasing decisions and supply chain planning. Import volumes from China have hit their lowest level for the January–February period since 2012, signaling an ongoing inventory liquidation. Upstream farmgate prices in China’s producing regions have diverged as processors struggle with margin pressure. Until inventories decline significantly and buyers return for replenishment, U.S. tilapia wholesale prices are likely to remain under pressure. This is the current state of the U.S. tilapia market in 2026.