Fish and seeafood trade rate to decrease in the next 7 years
World trade in fish for human consumption will reach 46 million tons in the live-weight equivalent in 2025, up 18% from the average taken between 2013 and 2015, according to the Food and Agriculture Organization (FAO) of the United Nations. Total global seafood consumption is projected to increase by 31 million tons by 2025 to reach 178 million tons.
People in Asia, Oceania, Latin American, and the Caribbean will be responsible global per capita consumption which is expected to move up 8% from 20.2 kilograms currently to21.8 kilograms by 2025. A the end of this period, the increase in demand will slow down as the availability of fish products will be countered by the increasing cost of seafood compared with meat and chicken, predicts FAO experts.
Top three exporters by 2025 will be China, Vietnam and Norway and the biggest exports markets are to be found in Europe, Japan, and North America, as well as Indonesia, the Philippines, Vietnam, Brazil, and select countries in the Middle East and Africa.
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