Final results from the Bureau of Census’ Aquaculture recorded an overall increase of selected fish and shellfish products imports while exports declined for 2014. Imports overall increased 7% in volume and 19% in dollar for 2014. About 2.64 billion-lbs. were imported compared with 2.48 billion-lbs. in 2013. The total cost was about $11.42 billion, up from $9.57 billion in 2013.
Frozen shrimp drove the volume increase, up 13% to 988.3 million–lbs. from 2013’s 871.7 million-lbs. On the dollar value side, two categories of shrimp, tilapia and Atlantic salmon were each over a billion dollars. Atlantic frozen salmon fillets jumped 22% to $1.77 billion dollars on 6.9 million-lbs. sold. Frozen shrimp, the top import by dollar, increased 27% to $5.28 billion on 988.3 million-lbs., while fresh and prepared shrimp gained 22% to $1.41 billion on 265.1 million-lbs. Tilapia, which sold 508.7 million-lbs. for the year, increased by 8% to $1.11 billion for 2014.
Exports overall decreased 10% in volume and 3% in dollar value in a year-to-date comparison ending Dec. 31. About 511.8 million-lbs. were exported compared with 571.6 million-lbs. in 2013. The total cost was about $1.20 billion, down from $1.24 billion in 2013.
The category that drove the decrease was the largest sector, frozen pacific salmon, down 14% in volume, to 311.0 million lbs., and 2% in cost, to $477.7 million. Atlantic fresh salmon had the largest percentage drop in cost, 30%, to $36.5 million from $52.2 million and the largest percentage drop of 28% to 11.2 million-lbs., down from 15.6 million-lbs.
Merger and acquisition activity in the seafood industry began to fall following the onset of the coronavirus pandemic, reported Undercurrent...read more
Campbell witnessed its best quarterly performance in more than 30 years, according to Consensus Metrix, as the the company worked on making its soups better tasting, more filling, and derived from simpler ingredients. It also added trending varieties, such as bone broth, reported The Wall Street Journal (June 2).read more
There are no comments, yet. Why don't you add one?
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."