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Weekly Overview: Forecast Seafood Production Figures Revealed in New Trade Map

Lucy Towers
31 March 2015, at 1:00am

ANALYSIS -Rabobank has forecast that Global Atlantic salmon production will reach 3 million tonnes by 2020 and that global farmed whitefish production (catfish, tilapia and pangasius) will reach over 12 million tonnes by 2020.

According to the new Rabobank 2015 World Seafood Trade Map, Japan's seafood production is forecast to decline in 2020 to 4,424,000 tonnes from the predicted 4,484,000 tonnes in 2015. The country is also expected to see a decline in its seafood imports due to falling consumption and increasing seafood prices.

As a growing seafood producer and consumer, India's seafood production is predicted to rise to 10,303,000 tonnes by 2020.

China is expected to remain a leading seafood exporter, with a total value of $20 million, and will also become an important importer of high-value seafood.

Rabobank also predicts that Norway, Indian, Viet Nam, Indonesia and Ecuador will continue to further boost their aquaculture/fishery exports.

The EU, US, Japan and China are expected to remain the biggest import markets.

The Scottish Aquaculture Innovation Centre (SAIC) is granting almost £950,000 to two research projects which aim to boost the numbers, quality and welfare of farmed cleaner fish used in commercial salmon farms to control sea lice.

Direct economic impacts are expected to include increased productivity at salmon production sites, and reduced reliance on medicines to control lice.

In total, the projects will cost over £3.4 million.

Also in the news, the Jersey Oyster Company has become the first oyster farm in the world to meet the Aquaculture Stewardship Council (ASC) standard for responsible bivalve aquaculture.