Sea bass and sea bream has meant a drop in world production but it was also the occasion for nice surprises

Published 2021년 7월 22일

Tridge summary

In 2020, the global production of sea bass and sea bream saw a decrease of -4.1% according to the FAO and -6.3% according to Kontali, marking a significant slowdown from the decade's 5-6% annual growth. The pandemic, the impact of Storm Gloria, and changes in stock levels from Turkey and Greece contributed to this decline. Despite these challenges, the French sea bass and sea bream markets, supported by supermarkets, managed to remain resilient. The shift towards organic fish accelerated during the pandemic, with organic prawns from Madagascar experiencing double-digit growth. The reopening of restaurants in May and June 2021 is anticipated to boost sales for both species.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

For the two species, sea bass and sea bream, the year 2020 has meant a drop in world production. But it was also the occasion for nice surprises, such as the support of supermarkets for the French sector - allowing a transfer of volumes not consumed in RHF - or even the acceleration of the breakthrough of organic. According to the FAO, 30 to 35% of global sales of seabass and sea bream are traditionally intended for catering. What augurs a difficult 2020 balance sheet. Finally, the FAO figures the drop in world production last year at -4.1% (-10% for seabass, + 1.6% for sea bream), while the independent organization Kontali estimates for its part the overall decrease to -6.3%. This is certainly a far cry from the 5-6% annual growth recorded over the past decade. But the Covid and its impact on the closure of restaurants are not the only cause. First, Storm Gloria hit Spanish farms hard in early 2020, causing the loss of 40% of annual production. Then, the two world leaders, Turkey ...

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