U.S. pollock fillet exports surge, surimi exports steady

U.S. pollock fillets are mainly sold to the European Union, with Germany being the largest market, while Dutch ports are the entry point for most U.S. pollock distribution. Affected by the Russian-Ukrainian war and the trade war, China's cumulative imports of U.S. pollock as of July exceeded the total for the whole of 2023. Starting from January 1 this year, the EU excluded Russian products from its own tariff quota, and all Russian pollock processed in third countries were subject to a 13.7% tariff. In addition, Russia's newly built ships did not obtain EU import numbers, so U.S. producers are constantly taking European market share from Russia and China. The situation in the U.S. pollock surimi market is just the opposite. In July, the United States exported 21,848 tons of pollock surimi, an increase of only 1% year-on-year, with an export value of US$54.89 million, an increase of 1% year-on-year, and a price of $2,494/ton. The ...