The export of pelagics puts the fishing sector afloat in Ecuador

Published 2022년 3월 2일

Tridge summary

Ecuador's small pelagic fishery exports experienced a 13% increase in 2021, generating $1,394 million, largely due to the La Niña ocean phenomenon which attracted larger fish schools. The growth was predominantly in frozen fish sales, which rose by 63% to over $150 million. Africa, especially Nigeria, Ivory Coast, and Ghana, showed the highest demand. This growth is credited to increased investment in technology, expansion of fish processing capacity, modernization of boats with cold systems, and efforts towards certification, with the tuna and pelagic sectors on the verge of obtaining the MSC and MarinTrust certifications, respectively.

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

Original content

Small pelagics, which were previously mostly used for the production of fishmeal and for local consumption, have become an important item in fishery exports. Last year, at least, it was the segment that had the greatest rebound and that managed to fuel the sales of these industries, which at the end of last year reached $1,394 million, 13% more. The results of 2021 are attributed to several factors, but to explain this phenomenon, we must start with the low temperatures of the ocean, typical of the La Niña phenomenon, which attracted larger schools of species (such as mackerel, bottle, carita, sardines, anchoveta and others) and that allowed the country to strengthen its supply of frozen fish, reaching over $150 million, 63% more than the previous year. A growth that far exceeded that of tuna loins and canned tuna, which, although it continues to be the star export offer with $1,177 million, had an increase of 8%. For fish fillets, another $115 million entered the country, which ...

Source: Expreso