Peru sees increased exports of fishmeal and fish oil amid falling sales of squid and shrimp

Published 2024년 7월 26일

Tridge summary

The article reports a notable increase in fishery product exports for indirect human consumption, particularly driven by a 581.9% rise in fishmeal exports to China in volume and 318.5% in value. From May 2023 to May 2024, fishmeal sales skyrocketed by 2326.8% in volume and 2239.5% in value. While fish oil exports decreased in volume, their value increased, with the US being the main market. In contrast, exports for direct human consumption fell by 45.8% in volume and 32.6% in value, largely due to lower supplies of squid and shrimp. However, canned product exports saw a significant boost, especially in tuna and anchovies, with the UK and USA as the leading destinations.

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Original content

This growth was primarily driven by a significant increase in exports of fishery products intended for indirect human consumption, which grew by 581.9% and 318.5% to 69,000 tons valued at $142.1 million. In terms of exports of these products, fishmeal sales jumped from 2,500 tons valued at $34 million in May 2023 to 61,900 tons valued at $106.2 million in May 2024, representing an astounding increase of 2326.8% and 2239. 5% accordingly. The main destination of these exports was China, accounting for 95.1% of the total export value, followed by Hong Kong (3.2%) and Australia (1.0%). Exporting fish oil proved expensive, with sales of 1,800 tons valued at $20 million. This is 36% less in volume but 29% higher in value compared to 2,700 tonnes worth $15.5 million in the same month last year. The US was the leading destination for these exports (55.4%), followed by Chile (22.9%), Norway (10.8%) and China (6.1%). On the other hand, the total volume of exports of fishery products for ...

Source: Fishretail