From Holy week and Easter, the main consumption period for fishery products in Europe, is being celebrated early this year. Traders are stocking up quickly, as cold storage holdings in Europe are low for all major products. This strong demand is leading to higher prices in all leading markets. Notably, shrimp has suddenly regained popularity, after bleak demand which had characterized the whole of 2023; accordingly, its prices increased sharply. With regard to tuna, a...

In September, the summer holidays are over in Europe, and importers are preparing for the Christmas sales period. However, the market is very volatile, as the impact of inflation on the seafood market, including during the main festivities, is likely to be severe. Prices of seafood are generally going up, with a few exceptions, which include cod products and shrimp, for which demand continues to be low. In the present European Fish Price Report, some...

The expansion of aquaculture will persist and is envisaged to reach 96 million tonnes in 2023, approximately a 2.8 percent rise from 2022. However, this projected growth rate is slightly lower than the sector's historical average; between 2015 and 2021 year-on-year growth averaged 3.7 percent between 2015 and 2021. While the growth of species like salmon and tilapia has decelerated, others such as pangasius and shrimp are undergoing progressive expansion. Escalating production costs, particularly for...

Inflation continues to decline in the European area, but disposable income is still impacted, especially given the varying price recovery patterns and the sharp rise in mortgage interest rates over the past year. The overall demand for seafood is surprisingly low even compared to last year, which was not a particularly strong year in terms of demand. As a result, many prices of fish products are decreasing. Only the higher valued items, such as lobsters...

Cost of production continues high for the capture fisheries, despite a general decline in fuel prices. Despite this, and despite the strong demand that characterises the summer period, prices started to trend downwards in the European market. This is especially surprising for fish products used in the hotel, restaurant and catering (HORECA) sector, such as squid, shrimp, and octopus. In this issue of the European Fish Price Report, more prices moved down (31 percent) than...