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Sea Foods Top Import And Export Countries In The International Market
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Overview of the Seafood international market
In 2020, and is estimated to reach 123,909.8 million dollars by 2027, at a CAGR of 2.7 percent during the forecast period.
The seafood market size was valued at over 159,311.9 million dollars in 2020 and is projected to reach 194,913.6 million dollars by 2027, registering a CAGR of 2.5 percent from 2020 to 2027.
The highest importer of seafood is the United States with an average import quantity valued at 17.9 billion which accounts for 15 percent of seafood imports globally followed by Japan, China, Spain, and Vietnam.
Since 2002, China has been the world’s largest exporter of fish and seafood products followed by Norway, Vietnam, United States and India
The demand for seafood at speciality restaurants around the world is surging at an unprecedented rate. Seafood is high in protein and is regarded as one of the healthiest foods available. Product categories such as crustaceans, mollusks, fish, and other seafood can be used to segment the worldwide seafood industry. Fish and seafood are some of the most widely traded commodities on the planet. With the help of solid economic growth, the value of worldwide fish exports climbed by 7% in 2017.
For the past four decades, emerging-market exports have grown at a higher rate than developed-market exports. In 2015, the fish segment contributed the most to the market, with 100,187.2 million dollars. It is expected to reach 123,909.8 million dollars by 2027, with a compound annual growth rate (CAGR) of 2.7 percent over the projection period. The export of fish and seafood generates $14.1 billion in revenue for the country each year. Since 2002, China has been the world's largest supplier of fish and seafood.
Norway is the world's second-largest seafood exporter, with a total value of 5.8 billion dollars in annual exports. The United States' average yearly seafood exportation is valued at 5.1 billion dollars. With an annual average revenue of 4.2 billion dollars, Canada is the world's sixth largest seafood exporter. Sweden is a major supplier of fish and seafood in the European Union. The export of seafood brings in an average of $3.13 billion per year to the Netherlands.
Coldwater shrimp and prawns were the most valuable exports in 2013, with a total value of $203.2 million dollars. Germany, Belgium, France, Italy, and Spain are the Netherlands' principal seafood export markets.
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Overview of the Seafood international market
In 2020, and is estimated to reach 123,909.8 million dollars by 2027, at a CAGR of 2.7 percent during the forecast period.
The seafood market size was valued at over 159,311.9 million dollars in 2020 and is projected to reach 194,913.6 million dollars by 2027, registering a CAGR of 2.5 percent from 2020 to 2027.
The highest importer of seafood is the United States with an average import quantity valued at 17.9 billion which accounts for 15 percent of seafood imports globally followed by Japan, China, Spain, and Vietnam.
Since 2002, China has been the world’s largest exporter of fish and seafood products followed by Norway, Vietnam, United States and India
The demand for seafood at speciality restaurants around the world is surging at an unprecedented rate. Seafood is high in protein and is regarded as one of the healthiest foods available. Product categories such as crustaceans, mollusks, fish, and other seafood can be used to segment the worldwide seafood industry. Fish and seafood are some of the most widely traded commodities on the planet. With the help of solid economic growth, the value of worldwide fish exports climbed by 7% in 2017.
For the past four decades, emerging-market exports have grown at a higher rate than developed-market exports. In 2015, the fish segment contributed the most to the market, with 100,187.2 million dollars. It is expected to reach 123,909.8 million dollars by 2027, with a compound annual growth rate (CAGR) of 2.7 percent over the projection period. The export of fish and seafood generates $14.1 billion in revenue for the country each year. Since 2002, China has been the world's largest supplier of fish and seafood.
Norway is the world's second-largest seafood exporter, with a total value of 5.8 billion dollars in annual exports. The United States' average yearly seafood exportation is valued at 5.1 billion dollars. With an annual average revenue of 4.2 billion dollars, Canada is the world's sixth largest seafood exporter. Sweden is a major supplier of fish and seafood in the European Union. The export of seafood brings in an average of $3.13 billion per year to the Netherlands.
Coldwater shrimp and prawns were the most valuable exports in 2013, with a total value of $203.2 million dollars. Germany, Belgium, France, Italy, and Spain are the Netherlands' principal seafood export markets.
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