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Rabobank says aquaculture will surpass wild-catch seafood by next year

The Rabobank's report “World Seafood Map 2019: Value Growth in the Global Seafood Trade Continues” says that seafood trade keeps growing and while wild-catch seafood production is flat, aquaculture keeps growing.

Rabobank says aquaculture will surpass wild-catch seafood by next year

May 8, 2019

The Rabobank's report “World Seafood Map 2019: Value Growth in the Global Seafood Trade Continues” says that seafood trade keeps growing and while wild-catch seafood production is flat, aquaculture keeps growing. The report expects future growth in seafood to continue to come from aquaculture, which will be driven by improved genetics, new husbandry technologies, innovations in aquafeed and the switch to more efficient and intensive farming technologies.

In 2020, the volumes from aquaculture production will surpass the volumes from wild-catch seafood, and aquaculture production is expected to exceed 90,000 metric tons. However, the growth of aquaculture is expected to slow down in comparison to the last decade.

The report also says that due to improved supply conditions in Peru, the fishmeal and fish oil trade has increased in the last four years. Driven by its large aquaculture industry, China remains the largest consumer of fishmeal and fish oils, which are supplied mainly by Peru. Relatively higher prices of fishmeal and fish oils have also led to a value increase in trade flows.

More information here.

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