The salmon industry will continue to be the most profitable aquaculture sector and the shrimp industry is struggling to stabilize amid oversupply, according to a Rabobank report.
Marine and brackish water aquaculture production has nearly doubled over the last decade, increasing by 91.3%, with revenues also up by 74.5%.
The report, funded by The Global Shrimp Forum Foundation, studied the most effective ways that shrimp consumption can be better promoted.
Market prices topped the list, as uncertainties remain about the effects of persistent inflation and the recovery of seafood demand.
Funding of EUR 1 billion was made available over a period of seven years but the overall EU production has flatlined, according to a report.
Farming companies have reduced antibiotic medicine use by more than half in the space of a year.
The initiative involves nine of the world’s largest seafood companies representing over 19% of the world’s seafood production.
Production tonnage of rainbow trout increased by 7% in 2022 to 8,757 tonnes.
Global antimicrobial use in animals has declined by 13% in three years.
The Norwegian Food Safety Authority also reported a few unwanted substances in its annual report from its fish feed monitoring program.
Salmon from Scotland recorded a value of £306 million between January and June.
The second half of 2023 is expected to be the most challenging period for global aquaculture since the peak of the pandemic in 2020.
A 26.3% reduction was reported in 2022 compared to the figures for 2021.
Despite their importance to global diets, the vulnerability of aquatic foods to environmental change has been vastly understudied, with the US and major producers in Asia most at risk.
The roadmap is an important guide for transformative action in aquaculture value chains and the sector overall.
The top 5 aquaculture feed countries in 2022 were China, Vietnam, India, Norway and Indonesia.
After a positive 2022, demand eases in Europe and the US, while China is still a major unknown.
The value from aquaculture accounted for 73% of total seafood exports measured in value, while in export volume made up 45%.
Aquafeed prices are fish farmers’ primary concern heading into 2023, with low expectations for prices to decline in 2023, according to the latest RaboReseach report.
EU aquaculture production reached 1.09 million tonnes and a value of EUR 3.67 billion in 2020.