February 29, 2012

 

Chile fisheries and aquaculture exports up 31% in 2011

 

 

Chile saw a 31% rise in fisheries and aquaculture products export values in 2011, with a total value of US$4.7 billion, compared to US$3.58 billion in 2010.

 

Nationally, these shipments accounted for 5.8% of all Chilean exports last year, which totalled US$80 billion.

 

The Report of Fisheries and Aquaculture Sector prepared by the Undersecretariat of Fisheries (SUBPESCA) indicates that in 2011, 1,176,534 tonnes of fishery and aquaculture products were sent abroad, that is to say, 19% more than the previous year ( 989,012 tonnes).

 

The average price was around US$4 per kilogramme, which meant an inter-annual growth of over 2%.

 

Looking at exports by sector, there is a strong recovery in aquaculture, associated with frozen lines and to a lesser extent, to the chilled fresh resources.

 

The leading items were Atlantic salmon and rainbow trout, whose most important markets were the United States and Japan, respectively.

 

According to SUBPESCA's report, the export of fish oil rose by 76% in value, from US$50 million (in 2010) to US$88 million, and smoked products, 44.3%, from US$74 million to US$108 million. Sales of dried seaweed and agar agar also increased, but to a lesser extent.

 

In contrast, fishmeal shipments abroad fell by 10.4% on-year, from US$534 million to US$479 million.

 

Both super prime and prime fishmeal showed a drop in valuations due to lower shipments to China and Japan, respectively.

 

Preserves also had a negative behaviour, and their exports were down 4% on-year, from US$143 million to US$138 million.

 

The main export destination of fisheries and aquaculture was Japan, with a share of 31.3% and US$1.47 billion.

 

Behind came the US, with 18.7% share and US$877 million, and China, with 8.4% and US$394 million.

 

Frozen products concentrated 60% of fish shipments, valued at US$2.84 billion, 43.4% more than in 2010. The export volume increased by 35.5%.

 

Japan accounted for 46% of shipments of frozen products and US, 11%.