Rabobank: Global salmon and shrimp trade could surpass pork and poultry by 2030

He noted that during the COVID-19 pandemic, the salmon and shrimp sectors experienced rapid growth in export value, and each sector now boasts more than $25 billion in global trade income. In 2022, the value of the shrimp sector rose by 6.2% after rising by 19.8% in 2021, while the value of salmon was even more impressive - an increase of 11.5% in 2022 on the back of a 21. 3% a year earlier. Over the past five years, this corresponds to a 4.9% and 5% increase in shrimp and salmon exports, compared to just 3% and 1.5% in pork and poultry exports, respectively. “I believe that at this rate of growth, salmon and shrimp will overtake poultry and pork by 2030; but we won't be able to surpass beef anytime soon because the global trade for this product is $55 billion." Shrimp up, salmon down in 2022 Taking a closer look at each of the world's two largest types of farmed seafood, Nikolik spoke about the broader post-pandemic trends. “China is becoming a bigger and bigger ...