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Fishmeal accounted for 43.3 per cent of the total volume of seafood sales. (Photo: FIS)

Exports grow in value, shrink in volume

Click on the flag for more information about Chile CHILE
Monday, January 25, 2010, 22:40 (GMT + 9)

Chilean wild fish and aquaculture exports generated USD 3.463 billion in sales through the eleventh month of the year, 6.8 per cent down from the USD 3.716,8 billion registered in the same period in 2008.

Nonetheless, exports rose 9.2 per cent in terms of volume from January to September, from 1,230,759 tonnes to 1,343,772 tonnes, states the latest SUBPESCA Fisheries and Aquaculture Sector Report published by the Fisheries Subsecretariat (SUBPESCA).

Sales of fishmeal and frozen seafood products were the largest contributors in terms of volume in accounting for 43.3 per cent and 35.6 per cent of total seafood sales, respectively. Refrigerated fresh products, fish oil, dry algae and canned fish were ranked second, third, fourth and fifth.

The average price of seafood exports through November was USD 2.6 per kg, 14.7 per cent less in value than 2008’s first eleven months.

Chilean fish products were exported to 137 countries, nine of which serve as the mainstay market destinations for 81.8 per cent of total exports.

An estimated 891,000 tonnes of wild seafood product exports generated a total of USD 1.369 billion through November. This figure represents a 6.7 per cent positive variation compared to the same period the year before.

Sales of fishmeal, dry algae, frozen products, dried products and carrageenan represented increases compared to November 2008.

The only categories that reflected falls in value were fish oil, canned products and fresh refrigerated products.

Fishmeal shipments represented 60.6 per cent of the volume exported by this sector. They were followed by frozen products, with 21.2 per cent, and dry algae, with 5.7 per cent of the total volume.

Export sales of fishmeal through November totalled USD 539 million, 31.4 per cent up from 2008’s exports. Some 47.3 per cent of total exports were of prime quality fishmeal, 32.7 per cent of super prime, and 18.9 per cent of standard quality.

The most prominent market for fishmeal sales was China, which registered hikes in volume and value compared to November 2008.

Export sales of frozen seafood products totalled USD 496.2 million through November, a mere 0.4 per cent growth compared to the same period in 2008.

The main markets for these products included Japan, the US and Spain, which accounted for 18.5 per cent, 15.4 per cent and 14.1 per cent of destination market shares, respectively.

In terms of canned products, export sales through November totalled USD 132 million, 15.2 per cent less than a year before.

The main markets for these were Spain, Sri Lanka, and the US, which accounted for 17.6 per cent, 17.4 per cent and 9.2 per cent of total destination market share, respectively.

With respect to the Aquaculture sector, 452,700 tonnes worth USD 2.093 billion were exported through November of last year. The current estimate represented 33.7 per cent of the value and 60.4 per cent of the total exported volume through the first eleven months of 2009.

The market share of the aquaculture sector within the frozen product exports total was 74.2 per cent of the value and 60.5 per cent of the volume.

Through November 2009, 290,000 tonnes of frozen aquaculture products worth USD 1.428 billion were exported, that is, a growth of 14.3 per cent in volume and 9.1 per cent in value in terms of the same period of the previous year.

Meanwhile, aquaculture’s market share within the global tally of exported fresh refrigerated products reached 89.1 per cent in value and 78.8 per cent in volume, SUBPESCA disclosed.

Net results were estimated at USD 450 million through November 2009, 28.2 per cent less when compared to the previous year.

As far as accumulated volume, nearly 67,000 tonnes were tallied, which reflected a fall of 31.9 per cent with respect to the accumulated total through November 2008.

By Analia Murias
[email protected]



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