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Fish market. (Photo: FIS)

International fish trade generates USD 120 billion

WORLDWIDE
Tuesday, January 10, 2012, 15:20 (GMT + 9)

The United Nations Food and Agriculture Organization (FAO) estimates that by the end of 2011, the global fish trade came to move around USD 119.7 billion, that is to say, 11 per cent more than in 2010 (USD 107.5 billion).

This increase was primarily due to the improved demand in several countries and the growing consumption in emerging territories.

FAO stresses that there is a rising demand for fish, leaving behind the "negative trend of the years 2008 and 2009, and in which the main producing countries expect to increase their sales."

Today, world exports of fishery resources come from Asian nations -- China, Thailand and Indonesia, and Africa -- Morocco, Namibia and South Africa.

In addition, these countries send their catch mainly to the European Union, especially Spain.

Meanwhile, by observing the destinations of such exports, FAO signaled that in descending order they are: Europe, USA and Japan, with about EUR 48,000 million, EUR 16,000 and EUR 14,000 million, respectively.

According to data provided by the organization in the report "Food Outlook. Global Market Analysis", November 2011, the increase in consumption could be accompanied by a moderate increase in prices of products in the international market.

In this context, emerging countries will play a prominent role, as their markets are increasingly demanding fisheries resources.

As part of the research carried out by FAO, China, Brazil, India and Malaysia show a high demand for seafood, coming either from capture or from fish farms.

It is observed that global demand rises about 8 per cent annually.

The production forecast, adding together the catch and the generation of product in fish farms on land or through mariculture, ammounted to approximately 151.7 million tonnes in 2011, compared to 146.9 million tonnes in 2010.

Of the planned total, 90.1 million tonnes would come from wild fishing and 61.6 million tonnes from aquaculture.

Meanwhile, almost 124 million tonnes were to be destined for human consumption, some 20.3 million tonnes for feed and 7.3 million tonnes for different uses.

By Analia Murias
[email protected]
www.fis.com
 


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