Fishing and aquaculture exports grew 21pct through September
2017-12-29 18:37:40   copyfrom:    hits:

Dried seaweed (Photo: Stock File)CHILETuesday, December 19, 2017,23:50 (GMT + 9)Fishing and aquaculture exports up

Dried seaweed. (Photo: Stock File)


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Tuesday, December 19, 2017, 23:50 (GMT + 9)


Fishing and aquaculture exports up to September generated a total of USD 4,651.5 million, which means a surplus of 21.0 per cent over the same period last year.

This figure is also higher than the average of the five-year period from 2012 to 2016, by 16.0 per cent, according to statistics from the Subsecretariat of Fisheries and Aquaculture (SUBPESCA).

The exported volume reached 935,800 tonnes, which shows an increase of 3.1 per cent over that reported on the same date as in the previous year, although it is 4.1 per cent lower than the average of the 2012-2016 five-year period. The main production lines show different results compared to the same period of 2016.

On the one hand, dried seaweed volumes increased by 10.8 per cent -- thanks to the increase in shipments to China (78 per cent of the total volume, 9.9 per cent increase) -- and fishmeal volumes by 8.9 per cent - explained by the largest shipments to China, Japan and Vietnam (52 per cent of the total volume, 41 per cent increase) -.

On the other hand, the volume of fish oil exported was reduced by 13.8 per cent, and by 1.6 per cent of fresh refrigerated products.

The participation structure in relation to the exported volume is led by the frozen line, which represents 50.6 per cent of the total. They are followed in a smaller proportion by fishmeal lines with 18.0 per cent and fresh refrigerated with 16.0 per cent, respectively.

The FOB price in the frozen process line shows an increase of 22.8 per cent along with the growth of 3.5 per cent in the volumes exported with respect to the same period of 2016.

The ratio of the average FOB prices between the catch and aquaculture sector was 1: 3.48.

Atlantic salmon was the main exported resource, worth close to USD 2,543.1 million. This resource represented 54.7 per cent of the total value of fishing and aquaculture exports, showing an increase in value of 18.1 per cent compared to this same period last year.

In a second place and with 9.4 per cent of the total valuation, the Pacific salmon is also located with an increase in value (106.0 per cent) due to higher volumes and prices.

The rainbow trout is located in a third place with a higher valuation (29.5 per cent) explained by higher prices.

After these resources associated with the aquaculture activity (salmonids), the mussel is located and it increased its value due to a higher volume (19.1 per cent).

The number of markets registered as of September 2017 reached 113 destinations. Of these, the nine main ones concentrate 81.1 per cent of the total exported value. The United States maintained the first place as a commercial partner of the sector, displacing Japan (17.7 per cent) with 30.3 per cent of the total value, and an increase of this indicator of 20.1 per cent with respect to what was recorded on the same date of 2016. Further back in order of size importance, the markets of Brazil, China, Russia, and Spain are positioned. All with a positive variation with respect to the same period of the year 2016, except Russia that drops by 2.9 per cent.

Exports of the catch subsector registered a total of USD 957.8 million through September 2017, representing an increase of 11.9 per cent year-on-year and 20.6 per cent of the total valuation of fishing and aquaculture exports.

In terms of volume, 443,800 tonnes are recorded, 16.1 per cent more than in the period up to September 2016.

The structure in terms of volume exported is headed by frozen products (45.6 per cent), fishmeal (31.9 per cent) and dried seaweed (15.0 per cent).

The main lines in value of the subsector, as well as in volume, are frozen products (50.1 per cent), fishmeal (21.7 per cent) and dried seaweed (11.1 per cent).

Fishmeal exports generated up to September a total of USD 207.4 million, which meant an increase of 6.8 per cent over the same period of 2016, explained by a higher volume (22.0 per cent), given that the price was reduced by 12.4 per cent. This variation is explained by the higher volume exported to China at a lower price (15.7 per cent).

Exports of the aquaculture subsector represented, respectively, 79.4 per cent and 52.6 per cent of the value and total volume exported up to September 2017. Its valuation reached USD 3,693.6 million and committed about 492,100 tonnes. The current valuation shows an expansion of 23.7 per cent with respect to what was recorded in the first nine months of 2016.

Atlantic salmon was the main protagonist of the subsector, representing 68.9 per cent of the value, showing an increase in this dimension of 18.1 per cent compared to September 2016, basically due to a better price given that the volume is lower by 10.0 per cent.

It was followed by Pacific salmon and rainbow trout. The first increased its valuation by 106.0 per cent, while the second one did the same by 29.5 per cent in relation to what was recorded up to September 2016. In the case of the former, it was the result of higher volumes and prices, meanwhile in the case of the latter, it was due to higher prices, given that the exported volume declined by 11.3 per cent.

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