China's demand rises, Chilean fishmeal exports increase significantly in first half of the year

Published Jul 25, 2024

Tridge summary

In the first half of the year, Chile's seafood exports declined by 5% year-on-year, totaling $4.36 billion. Salmon and trout exports to China dropped by 7% to $129 million, making China the fourth largest market after the U.S., Japan, and Brazil. While exports of products like salmon, trout, mussels, fish oil, king crab, and seaweed decreased, there were significant increases in fish meal, squid, silver cod, hake, shrimp, and scallops. The U.S. remained the largest market despite an 11.2% drop to $1.4 billion. Exports to Japan rose by 5.2% to $558 million, driven by a 9.6% increase in the salmon and trout market. The Brazilian market grew by 11.3% to $501 million, with notable increases in salmon, trout, and fish oil products.

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

Original content

On the other hand, Chile's salmon and trout exports to the Chinese market fell 7% year-on-year to $129 million. In the first half of the year, China was Chile's fourth largest market, ranking after the United States, Japan and Brazil. In the first half of this year, Chile's total seafood exports reached $4.36 billion, down 5% year-on-year. The exports of salmon and trout, mussels, fish oil, king crab and seaweed products fell year-on-year, but fish meal exports increased by 15.6% to $288 million, squid increased by 48.4% to $74 million, silver cod increased by 19.3% to $41 million, and no Hake increased by 16.7% to US$24 million, shrimp increased by 0.4% to US$11 million, and scallops increased by 36.8% to US$7 million. As Chile's largest export market, the United States exported about US$1.4 billion in the first half of the year, down 11.2% year-on-year; the ...

Source: Foodmate