Irish seafood export value rises, but volume down

Published Jan 17, 2023

Tridge summary

In 2022, Irish seafood exports experienced a 3% increase in value, reaching €530 million, despite a 19% decrease in volume due to several challenges. These challenges include quota cuts, higher costs, and difficult weather conditions. The pelagic sector, which accounts for 67% of total seafood exports in volume, saw a 4% decrease in export values. However, shellfish exports grew in value by 14%. The Irish salmon sector, which accounts for 20% of export values, experienced a 3% decrease in export values. Whitefish export values increased by 5%, but volumes fell by 23%.

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

Original content

Irish seafood export value rises – but volume down. Improved prices helped drive the performance in Irish seafood with export values increasing by 3% (or €17 million) in 2022 to reach €530 million. This was despite a 19% decrease in volumes exported, reflecting the challenging situation faced by Irish seafood exporters in securing supply. The figures are revealed in Bord Bia’s Export Performance and Prospects report 2022/23 by the Minister for Agriculture, Food and the Marine, Charlie McConalogue, TD reveals the value of Ireland’s food, drink and horticulture exports increased by 22% last year to reach a new record high of €16.7 billion. Total volumes exported were down an estimated 19%, reflecting the challenging situation faced by Irish seafood exporters in securing supply. The reduction in quotas from the Trade and Co-operation Agreement (TCA), affected some key species, the temporary cessation scheme, less days at sea due to difficult weather conditions, higher costs for ...

Source: Fish Focus