Global exports of fish products have decreased

Published Mar 15, 2024

Tridge summary

The Food and Agriculture Organization (FAO) has reported a decline in China's fish exports in 2023, despite the country maintaining its position as the global leader in this sector. The decrease is due to a shortage of raw materials for pollock production and increased domestic demand. Norway ranks second, largely due to its aquaculture salmon exports, while Ecuador has climbed to third place, driven by high shrimp exports. Other leading exporters include Chile, Vietnam, India, and Canada. Russia also features in the top 10, with its fish exports valued at $5.8 billion in 2023.

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

Original content

The FAO attributes the negative dynamics mainly to the decline in Chinese exports, although the Celestial Empire retained its place as the world leader in fish exports. Total Chinese exports in 2023 were $19.8 billion, up from $22.3 billion in 2022. This was a consequence of the lack of raw materials for the production of pollock products in the first half of last year, as well as high domestic demand, which led to the redirection of supplies to the local market, the report says. Norway remains the second largest exporter of fish, primarily aquaculture salmon. Previously, the Norwegian Seafood Council reported an increase in exports by the end of 2023 to more than $16 billion. Ecuador rose to third position in the ranking of seafood exporting countries solely due to high shrimp exports. In 2023, Ecuadorian seafood exports totaled $9.1 billion, up $1 billion from 2022. Also, according to FAO estimates, ...

Source: Fishretail