Global: U.S. pollock fillets seize the local market, competition intensifies in the European market

Published 2024년 1월 30일

Tridge summary

Global pollock production is projected to rise by 12% in 2024, led by a significant increase in Russia's quota to over 2 million tons and a slight increase in the U.S. quota to 1.48 million tons. The production of value-added products like surimi and deepskin fish fillets is also set to grow. However, the U.S. has seen a drop in imports of frozen pollock and pollock fillets. Following the ban on Russian raw seafood imports, it is anticipated that third-party processing countries, primarily China, will aim for the European market, the largest market for pollock fillets globally.

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

Original content

Global pollock production in 2024 is expected to increase by 410,000 tons to 3.73 million tons, a growth rate of 12%. Russia's quota has increased significantly, totaling more than 2 million tons, and the U.S. quota has increased slightly to 1.48 million tons. At the Global Seafood Market Conference (GSMC), Ron Rogness, project manager of the Genuine Alaska Pollock Producers Association, pointed out in a report that against the background of the increase in pollock quotas, the production of various value-added products is also increasing. In 2023, the output of surimi will increase by 21% to 195,000 tons, the output of deepskin fish fillets will increase by 20% to 58,900 tons, and the output of PBO fish fillets will increase to 96,000 tons. It is expected that the growth rate of PBO fish fillets will exceed that of surimi in 2024. Last year, approximately 7,000-8,000 tons of additional PBO and deepskin fillets were digested in the local US market, with US fillet ...

Source: Foodmate