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Seaweed flakes. (Photo: Inanna Bioalgas Chile)

Seaweed exports continue to rise

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Thursday, January 31, 2013, 23:40 (GMT + 9)

Seaweed exports reached in the first 11 months of 2012 a value of USD 203 million, an increase of 12.2 per cent compared to the same period in 2011, according to the latest Boletin de Exportaciones Acuicolas-Pesqueras by the Fisheries Development Institute (IFOP).

The contribution of these products to the total revenue generated by the sector's exports was 4.9 per cent.

Only in November 5,451 tonnes of products made from algae were exported, representing a volume increase of 12 per cent compared to that marketed the same month in 2011.

IFOP reported that the average FOB price of total algae products exported in the period January-November 2012 was USD/ton 2,798, up 5.8 per cent compared to the same period last year.

In terms of volume, the main algae products exported to November were dried seaweed (89.3 per cent), carrageenan (6.2 per cent) and agar agar (2.5 per cent).

Foreign sales of dried seaweed generated the highest revenues: 42.7 per cent of total exports in the first 11 months of 2012. Carrageenan sales accounted for 26.3 per cent and agar, 20.1 per cent.

Related article:

- Seaweed export earnings increase by 13 per cent

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