Russia increased purchases of Chilean seafood by 25%

Seafood

Russia

Market & Price Trends

Published Dec 21, 2023

Tridge summary

Salmon and trout, fishmeal, and crab sales in Chile all saw significant year-on-year decreases, while fish oil, mussels, and carrageenan increased in value. Brazil, Mexico, and Spain were the top markets for Chilean fish exports, while the US and Japan saw declines in imports from Chile. Overall, total fish exports from Chile rose by 2.4% year-on-year, with Brazil, China, and Russia being the top three destination countries.

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Original content

Salmon and trout sales fell 15.1% year-on-year to $562 million, as did fishmeal sales by 11.9% to $27 million and crab sales by 44.5% to $10 million, it said in a recent report. report by the Agency for Development and Export Promotion of the Directorate of Economic and International Relations of the Ministry of Foreign Affairs of Chile (ProChile). These declines were not offset by increases in the value of exports of fish oil, which stood at $27 million, up 29.3% year-on-year, and mussels, which rose 21.2% to $15 million. Sales value of carrageenan, a dietary supplement , made from seaweed, grew by 21.2% to $10 million. In terms of destination markets showing improved export performance, Brazil stands out with exports of $73 million (up 14.9%), led by exports of salmon and trout - $67 million (up 12.7%) and fish oil - $4 million (an increase of 141.2%). Brazil accounted for 10.3% of total shipments for the month. Mexico followed with US$24 million (up 5.7%), mainly due to an ...

Source: Fishretail