Seafood is one of the most traded food commodities in the world, and the trade keeps on growing. Global fish and shellfish trade reached a value of USD 153bn in 2017, increasing by a CAGR of 4% in the last five years (2012-2017). We expect global seafood demand and supply to continue to grow in the coming five years, although trade is likely to change. Current issues, such as global trade tensions and uncertainties, emerging aquaculture techniques, and biosecurity risks in animal protein production will increasingly shape global seafood trade flows in the future.
Global Seafood Trade Grows at 4% per Annum
Seafood trade has grown by a CAGR of 4% from 2012 to 2017 to reach an estimated USD 153bn. In general, we observe a value growth in global seafood trade rather than a volume growth – mainly driven by the high value of the salmon and crustacean trade. As our recently published World Seafood Map shows, the largest trade flow, in value terms, is still from Norway to the EU, mainly consisting of salmon and some whitefish. This is followed by trade flows of salmon and crustaceans from Canada and flows of whitefish and crustaceans from China to the US.
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