New supplies for the old world: What fish products are in demand in Europe today and are profitable for Russian suppliers

Published Apr 10, 2024

Tridge summary

A recent study by the Expo Solutions group has revealed a shift in the European market's demand for fish products. While traditional fish products like processed pollock, cod, and haddock are experiencing a decline in export profitability to Europe, there's a notable rise in the import of fish oil and fishmeal. This trend is driven by the high global demand for these products, essential in the production of Omega-3 fortified products and in serving as feed for livestock and aquaculture. Over the last five years, countries including France, Great Britain, Germany, Belgium, the Netherlands, Denmark, Spain, Italy, and Greece have significantly increased their imports of these valuable commodities.

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

Original content

Not all European traders want to sever established ties with Russian fishing producers. Under the new restrictions, the profitability of many traditional supplies is under threat, but interest in individual products is growing. We are talking, in particular, about fish oil and fish meal. The Expo Solutions group of companies conducted a study on the trade of fish products in foreign markets and discovered new prospects for supplies. The removal of preferences for processed pollock, cod and haddock has led to a decrease in profits from exports of processed products to Europe. At the same time, the analysis revealed a significant increase in imports of fish oil and fishmeal by various European countries. These processed products are becoming increasingly in demand throughout the world. Fish oil is essential for the production of Omega-3 fortified products, and fishmeal has ...

Source: Agronovosti