Íslandsbanki Issues United States Seafood Market Report

BRUSSELS — Íslandsbanki, an international leader in seafood financing, today released its United States Seafood Market Report at Seafood Expo Global. The report provides insights into key trends and issues shaping the industry in the major seafood regions of the United States: the Atlantic Coast, Gulf of Mexico and Pacific Coast. Highlights of the U.S. report include:

• The U.S. is the fourth largest fishing country in the world and one of the most important markets for seafood.
• During the past 20 years, total landings averaged 4.3 million MT. Landings increased by 5.6% to 4.5 million MT in 2013.
• The total value of the U.S. catch has increased steadily since the early 2000s reaching $5.5 billion in 2013.
• The Pacific Coast is the largest U.S. fishery, accounting for approximately 70% of total volume and half of total value.
• The Atlantic and Gulf Coast regions are smaller when measured by volume, but generally consist of higher value shellfish species.
• Key fishing states include Massachusetts, Maine, Virginia, Louisiana and Alaska.

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