As Greek sea bream becomes scarce, Turkish sea bream becomes more valuable

Published 2024년 11월 9일

Tridge summary

The Aegean Exporters' Association reports a notable increase in aquaculture exports from October to the same period last year, with a 16% rise to 257,712 tons and an 18% increase in value, reaching $1.623 billion. Sea bass, sea bream, and Turkish salmon were the most exported fish, showing significant increases in both quantity and value. Russia, Italy, and the Netherlands experienced the highest growth in imports of Turkish aquaculture products, particularly Turkish salmon, which saw a 30% increase in demand. The price per unit for sea bream and Turkish salmon also increased, contributing to the overall value growth. The reduced sea bream production in Greece has led to higher demand and prices for Turkish aquaculture products, especially sea bream, explaining the observed increase in export values.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to information received from the Aegean Exporters' Association, in October, aquaculture exports increased from 24,479 tons to 28,184 tons and from 134.4 million dollars to 187.5 million dollars in value compared to the same period last year. In the January-October period of this year, aquaculture exports increased by 16 percent compared to 2023, reaching 257,712 tons. In value, it increased from 1 billion 404 million dollars to 1 billion 623 million dollars, again with a 16 percent increase. Sea bass came first in exports. Exports in this type of fish increased by 19 percent, from 57,121 tons to 68,119 tons, and from 402 million dollars to 473 million dollars, with a 17.6 percent increase. The unit price of sea bream increased from $5.22 to $6.32 Although sea bream exports did not change much in quantity at 67,581 tons, the increase in value drew attention. The amount of foreign exchange obtained from sea bream exports increased by 21 percent from $353 million to $427 ...

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