Exports of extractive fishing and minor aquaculture in Chile decrease 4% in the first quarter

Published Apr 29, 2021

Tridge summary

The first quarter of 2021 saw a decrease in exports from Chile's extractive fishing and aquaculture sector, with a 4.1% reduction in sales abroad and a 7.3% decrease in production, totaling 184,619 tons. This decline is attributed to the ongoing pandemic's impact, consumer demand shifts, and logistical issues. Specifically, there was a 19% drop in fish meal sales and a 25% decrease in canned seafood sales. However, frozen horse mackerel sales saw a 41% increase, and concentrated omega 3 oils for the nutraceutical industry experienced a 65% sales increase, driven by markets in the US, the Netherlands, Japan, South Korea, and the UK.

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

Original content

By Redacción PortalPortuario.cl, @PortalPortuario, During the first quarter of 2021, exports from the extractive fishing and aquaculture sector (mussels, abalones, oysters and algae) registered a reduction in sales abroad of 4.1% (USD 354 million) and a decrease in production exported 7.3%, reaching 184,619 tons, compared to the same period in 2020, according to a report developed by the National Fisheries Society FG (Sonapesca), the largest fishing union in Chile and which groups more than one hundred small, medium and large companies., For the general manager of Sonapesca, Héctor Bacigalupo, "these figures could respond to the fact that the fishing sector is still subject to the indirect impacts of the pandemic and changes in consumer demands, access to markets and logistical problems." , The detail of the analysis shows a 19% drop in fish meal sales, accumulating USD 70.7 million, while the exported volume fell by 27%, however, its price registered a positive variation of 11%. ...

Source: CLPortalportuario