Ireland pivoting from reliance on Africa for pelagic exports

Published 2024년 10월 2일

Tridge summary

Ireland's traditional reliance on African markets for pelagic exports is changing, with a shift towards premium markets. Despite Nigeria being the top buyer of Irish seafood in volume in 2023, Africa only bought 45% of the value and 54% of the volume of certain Irish seafood exports. This shift is due to reduced pelagic quotas post-Brexit, which have been taken by other European nations and Norway. To counter this, Ireland is investing in value-added products from its lower pelagic catch, with over USD 10 million invested in a plant to process mackerel.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ireland has traditionally relied heavily on African markets for its pelagic exports, but the nation may be shifting its strategy in a search for markets that buy more premium products, especially as its quotas for the species have shrunk post-Brexit.According to data released by the Clonakilty, Ireland-based Sea Fisheries Protection Authority (SFPA), outside of the E.U., Nigeria was the top buyer of Irish seafood by volume in 2023, buying over 17,500 metric tons (MT) of seafood, mostly comprising mackerel and whiting.As a whole, Africa bought 45 percent of Irish mackerel, horse mackerel, blue whiting, and herring exports by value and 54 percent by volume last year.Irish Fish Producers Organization CEO Aodh O’Donnell said Ireland has supplied the African market with high-quality protein for over four decades, particularly sending smaller-grade fish.“The premium markets have a preference for medium and large fish. Therefore, select smaller product grades are sold to markets in East ...

Source: Seafoodsource