Top seafood-exporting countries by value and volume Top seafood-importing countries by value and volume Global seafood production,

Top seafood-importing countries by value and volume Global seafood production, 2000-2030f Global shrimp trade volumes and prices
Value Volume Value Volume Global seafood production, 2000-2030f Global shrimp export volumes, 2013-2021e Value of shrimp imports in major markets, 2018-2021e
250 4 9

million metric tons

million metric tons

USD billion
Fishery production, 2021 CAGR %: 2018-2021e
China China EU-27 + UK EU-27 + UK 14% 8
YOY growth (%) 9%
Forecast 7
4% 2%
Norway Norway 3% -3% 6 12%
US China 18% 5
52% 48%
200 3 4
EU-27 + UK EU-27 + UK -2% 2021e
12% 3 2020
China US 2% 2
-5% 2019
India Vietnam 1
Fishery production, 2030f 2018
0
150 2 EU-27 + UK US China + Vietnam Japan
Vietnam Peru Japan Japan
CAGR 2000-2020: CAGR 2021-2030f: Shrimp prices, 2018-2022 (April)
4.90% 2.16% 48% 52%
Ecuador Russia South 5

USD/lb
Thailand
Korea
100
1
Canada Chile
South Underfished (~6%)
Thailand Korea
Urner Barry
Chile Ecuador shrimp index
2021e 2021e Fully fished (~60%) 4
2020 Canada Russia 2020 50 CAGR 2000-2020: CAGR 2021-2030f: 2022
Russia India -0.11% 0.35% 0 2021
2018 2018 2013 2014 2015 2016 2017 2018 2019 2020 2021e
2015 2015 2020
Overfished (~34%) Aquaculture Ecuador Indonesia Argentina
US Thailand 2013 Russia Canada 2013 2019
Total capture India China Greenland 2018
0 3
0 5 10 15 20 25 0 1 2 3 4 5 0 10 20 30 40 0 1 2 3 4 5 6 7 2000 2005 2010 2015 2020 2022f 2025f 2030f Vietnam Thailand ROW Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
USD billion million metric tons USD billion million metric tons

World Baffin
US imports by value, 2016-2021
Key species imported by the US, 2016, 2020 and 2021 Value of major exporters to the US, 2016-2021

Seafood Map
Bay CAGR %: 2016-2021 2021
Norway Canada
2020 2025f 2030f
2020
Production 3,813 3,896 3,961 Shrimp 7.1% 2019
Consumption 1,252 1,210 1,217 India 2018
Net trade 2,561 2,686 2,744
2017
Salmonids 10.3% Chile 2016

Rabobank Group is an international financial Greenland Indonesia

(Den.)
services provider focused on food & agribusiness, Russia
Crabs 19.0%
Vietnam
with operations in 37 countries. Canada Norway
2020 2025f 2030f
Iceland Production 5,255 5,665 5,981 130 Sea
Visit research.rabobank.com to learn more about Production
2020 2025f 2030f
935 1,075 1,144 Hudson Sweden
Finland
Consumption 3,530 3,549 3,603
Net trade 1,725 2,116 2,378 19 ** of Lobster 17.3% ROW
Consumption 798 852 908
Okhotsk
our knowledge and services in various F&A sectors. Net trade 137 223 236 Bay
Russia
0 5 10 15
USD billion
Faroe Isl. 189
Tuna 4.6%
Canada
Estonia
2021 Major exporters to the US, 2021
RaboResearch United Latvia 273
Groundfish 2.9%
2020 Canada 17%
Food & Agribusiness
940 Mediterranean/ 46 *
& flatfish 2016
Kingdom Lithuania Black Sea,19.6 million
224
285 141
metric tons ROW 46% India 11%
Nether- Germany Belarus Pangasius 0.9%
Ireland lands Poland
12% 3%
EU-27 4% Mongolia Chile 10%
110 99 + UK Ukraine 1% 62% 0 1 2 3 4 5 6 7 8 9
73 Belgium
80 18% Kazakhstan 36
USD billion Indonesia 9%
175 L. Czech Rep. North Vietnam 7%
Slovakia 83 127 Japan
US
71
87 11 Korea 2020 2025f 2030f
France EU-27 + UK Austria Moldova 52
2020 2025f 2030f
12
Hungary 118 Production 3,679 3,592 3,437 Total USD 28 billion
Production 5,340 5,486 5,568 67 Slov. 2025f 2030f
2020
Romania 62 Consumption 6,305 5,985 5,604
Switzer- 6,256 6,653 6,702
Russia exports by volume and value
Consumption 9,119 9,657 10,006
Net trade -3,879 -4,171 -4,437 Atlantic 159
Production
land
Consumption Bosnia
11,917 12,312 11,610 155 Turkey China 94
24
33
34 Net trade -2,626 -2,394 -2,167
Net trade Croatia-5,658
-5,662 -5,907
Herz. 2020 2025f 2030f Kyrgyzstan
258 25 South Japan
164 Uzbekistan 2020 2025f 2030f 480
Korea
Production 834 801 825 China 79 137 146
Mon. Kos. Bulgaria Production 60,900 66,699 71,802
Russian export values, 2019-2021 Russian export volumes, 2019-2021 United States 155
Italy North
Consumption Georgia
Net trade
658
176
656
145
645
181
Consumption 58,093 64,024 68,305 51 52 Pacific Ocean
of America Albania Mac.
Net trade 2,8485 2,675 3,496 51 46.1 million metric tons
Total
240
91 Spain
Greece 52 75
Armenia Azerbaijan Tajikistan
137
173 US freshwater fish imports by volume and value
13% -1% 15 176 Portugal 176 49 * Turkey Turkmenistan
exports 87 136 86 227 149 8% 11%
88
97 56 64 78 US imports of frozen fillets, 2014-2021 Main freshwater fish exporters to the US,
200
190 347
73
Afghanistan 1,036
800 4 2020 vs. 2021

million lb

USD/lb
China -20% -41%
89 131
105 Tunisia 70
58 Syria Iran 7%
59
48 * Iraq 77
Vietnam 34%
68
South Ocean Morocco Israel 122 391 97
2%
23% 49% Jordan
Korea Hawaii Pakistan 112 China 5%
Canary Algeria Kuwait Nepal 94 11
Mexico Islands 103
80 247 11 Tropic of Canc
er 600
EU-27 + UK 30% 15% 110 Gulf of (Sp.) Egypt India 11 Taiwan Indonesia 7%
2021 2021 Libya Saudi Bahrain Bangla-
90
77 Mexico Bahamas Qatar
2020 2025f 2030f
Hong
2020 2020 Arabia Production 12,504 13,686 14,904 desh
Consumption 11,462 12,900 12,275 Kong Colombia 7%
Japan 50% 37% UAE Net trade 1,042 786 628
2019 2019 Mexico
Cuba W. Sahara 31% 2021
Laos 283
Production
2020 2025f 2030f
1,826 1,886 1,921 Mauritania India 400 364 348 2 Honduras 17% 2020
CAGR %: 2019-2021 CAGR %: 2019-2021 Consumption 1,890 2,038 2,151
Dom. 82
ROW 21% 24% Net trade -64 -152 -229 Jamaica Haiti Republic Niger Oman 138 58
57
272 240
Belize Sudan 264 YOY %: ROW 20% YOY growth (%)
Puerto Mali Myanmar 48 * 147
Rico (US) Thailand -6.4%
0 1 2 3 4 5 6 7 0 1 2 Guatemala Arabian 273 256 0 100 200 300 400
USD billion million metric tons Honduras Cape Verde 82 94 235 USD million
Caribbean Senegal Chad Eritrea Yemen Sea
El Salvador Cambodia 94** 200
Sea
2021 2020 Nicaragua Gambia Burkina Philippines 41% 288 Freshwater fish exporters to the US, 2021
Guinea Bissau Guinea Faso Vietnam 237
235
88 Djibouti 215 230 205 YOY %: ROW 15%
ROW 13% ROW 9% Costa Trinidad
83.6%
Japan 2% and Tobago Sierra 103 Nigeria Sri 118 128 Indonesia 5%

Benin
Rica Panama Côte Ghana

Togo
Japan 5% EU-27 + UK 8% Leone d’Ivoire
Lanka China 36%
Venezuela South Honduras 6%
Ethiopia Brunei
0 0
Guyana Central Sudan l a y s 2014 2015 2016 2017 2018 2019 2020 2021
EU-27 + UK 10% South Korea 50% China 51% Pacific Colombia
French
Cameroon Somalia M a i Colombia 7%
Guiana African Rep. a
Suriname S. Tomé and Import volumes – tilapia frozen fillets
South Korea 30% Principe Uganda Singapore
China 22% Galapagos Import volumes – pangasius frozen fillets
Isl. (Ec.) Maldives Equator Vietnam 31%
Gabon Indonesia
Congo Kenya Tilapia frozen fillet price (USD/lb)
Ecuador Atlantic Ocean Rwanda 2020 2025f 2030f

19.6 million metric tons

Congo
Burundi
Production 13,301 14,289 15,201 Pacific Pangasius frozen fillet price (USD/lb) Total USD 1.05 billion
Brazil (Dem. Rep.) Consumption 11,980 13,234 14,465
Net trade 1,3212 966 737 Island
2020 2025f 2030f nations*** Ocean
Production 1,300 1,437 1,489 8% Tanzania Seychelles Papua
China imports and exports by value Consumption 1,769 1,909 1,941 182 Indonesia New
Ocean Peru Net trade -469 -472 -452
Brazil 6% 25% Guinea Solomon
Islands
Key species imported by China, 2020 vs. 2021 China seafood imports, 2021 102
Comoros East
Peruvian fishmeal exports, 2011-2021
Timor
Ecuador 13% Angola
Shrimp Zambia Peruvian fishmeal exports, 2011-2021

Malawi
17%
ROW 35% Russia 12% 18% 1..6 2.0
ue

million metric tons

USD/thousand metric tons

biq
Top 2 exporters by volume,
Fishmeal m 2020 vs. 2021
& oil 38% Madagascar

za
Peru 11% Namibia Zimbabwe Indian Ocean

Mo
Mauritius 1.4
Norway 4% Africa 12.2 million metric tons Peru 36%
Crabs 47% Vanuatu
Vietnam 6% US 7% 2020 2025f 2030f Australia
India 6% Canada 6% Chile Botswana
Production 12,759 13,601 14,352 Réunion 5% 1%
2020 2025f 2030f
Consumption 14,052 15,900 17,586 (Fr.) 7% Production
2020
258
2025f 2030f
283 304 1.2 1.5 Chile -18%
Salmonids Production 3,256 3,635 3,856
Net trade -1,293 -2,299 -3,234 27% Consumption 611 688 716
47% Total USD 21.11 billion Consumption 1,712 1,803 1,730 43% Eswatini 3% Net trade -353 -405 -412 0 1 2
Net trade 1,559 1,832 2,126 million metric tons
Australia 1.0 2021
Lobster 0%
China seafood exports, 2021 Lesotho
Atlantic Ocean South Africa
2020 YOY growth (%)
Japan 17% Argentina
Indian Tropic of Ca
p ricorn 0.8 1.0
Pollock -29%
ROW 42% Uruguay
2021
US 11% Ocean
0.6
Cod -1% 2020 Hong Kong 9% Chile 57% Market share of export value, 2021
YOY growth (%) South Korea 8% 0.4 0.5 EU-27 + UK 2% ROW 3%
Pangasius -28% Taiwan 6% Thailand 7% Taiwan 3%
Japan 4%
0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 Total USD 17.21 billion 0.2
USD billion

Ta s m a n 0 0
Sea 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Exports to ROW Fishmeal China 88%
Seafood trade flows in value, 2021 Falkland
(USD/thousand metric tons)
Isl. (UK) New Zealand
Exports to China Total USD 1.16 billion
2020 2025f 2030f
524 538 542
Antarctic Ocean Production
Consumption 177 188 193
0.3 million metric tons Net trade 347 350 349
New
4% Zealand
Global per capita consumption, 2000-2030f Atlantic salmon production, prices, and exports
Norway Global per capita consumption of animal protein Per capita consumption of fishery products by region 96% Atlantic salmon production, 2010-2027f
Greenland Iceland Faroe -0.4% -0.3% -1.1% 0.7% 1.7% 0.5% 0.9% 0.5% 4.0

million metric tons

China CAGR 2022f-2027f: Norway All other countries
1,759 Islands 20
kg/capita

444* 842 4.2% Chile Others

1,316 Oceania UK (incl. land based, offshore)
Canada Russia
752 8,734 650
678
Global import value and volume growth by species group North America Legend 3.0
CAGR 2010-2020: 6.5% Canada
949 EU 728 1,013
559 3,546
1,122 1,835
864
577 2,263
412*
462* Import value of key species, 2012-2020 Europe The data in the map refer to the total export trade flows of seafood per species group in 2021, represented in metric tons. The minimum
5,006 US 3,256 576 Japan
2,509 2,438
1,852
565
1,835
812
Turkey
744 2,372
1,732 805 590 1,146 CAGR: 2.88% 15 Asia requirement for showing a trade flow is 50,000 metric tons for crustaceans and other aquatic animals, and for eggs, the minimum Destinations of global salmonid exports,
2,428 474* 1,122 China 120 2020 vs. 2021e
USD billion

653 1,696 900 1,032 1,045 South 970 Shrimp Bivalves and cephalopods 2020 requirement is 10,000 metric tons. The lines on the map do not refer to the actual trade route or the exact point of origin or arrival. 2.0
1,193 1,228 894
716 Korea 1,012
Total seafood value added: 21bn Salmonids Crustaceans (excl. shrimp) Latin America 2010
1,995
Morocco 949 455* Marine small pelagics Other aquatic animals 2000 EU-27 + UK 4.6%
India 1,863 474* Africa
Groundfish and flatfish Freshwater fish Seafood consumption per capita (kg/year) Seafood production per ocean area (million metric tons)
1,512 100 Tuna World
Mexico Thailand Crustaceans value added: 4.42bn 1.0 US 9.2%
10 0 10 20 30 40 0 - 9.9 Groundfish: cod, hakes, haddocks, flounders, halibuts, soles
Vietnam
kg/per capita 10.0 - 19.9 Herrings, sardines, anchovies, and miscellaneous pelagic fishes ROW 4.7%
80 20.0 - 29.9 All other marine fishes
Species volume growth vs. price, 2013-2020 Seafood consumption vs. GDP per capita by region, 2020 0 Total
Ecuador Indonesia 30.0 - 49.9 Diadromous fishes 5.5%
low price high price low GDP per capita high 2010 ’12 ’14 ’16 ’18 ’20 ’21e ’23f ’25f ’27f imports
7 50 > 50.0 Crustaceans State boundary 0 1 2 3
volume CAGR (%)

per capita seafood consumption (kg)

high growth

high
Peru Southeast Asia
Zero/unknown/uninhabited Mollusks EU boundary Norwegian and Chilean salmon prices, 2013-2022 (April) million metric tons
60 6 5
East 100 10 2021e
40

NOK/kg

USD/lb
Shrimp
5 Asia 100 2020 YOY growth (%)
Argentina
Southern Europe Seafood trade flow (thousand metric tons) Country data (thousand metric tons)
4 30 Australia and low consumption per capita Tuna Marine and pelagics
80 8
40 New Zealand EU-27 + UK
Marine small pelagics North America
3 Shrimp Crustaceans (excluding shrimp) 2020 2025f 2030f
60 6
Production 6,256 6,653 6,702
Salmonids value added: 6.83bn 0 20 Salmonids Fishmeal and fish oil Consumption 11,917 12,312 11,610
Chile 2
negative growth

Tuna Beef Pork Poultry Seafood Western Europe Northern Europe Net trade -5,662 -5,658 -5,907
Salmonids North Africa Groundfish and flatfish Freshwater fish 40 4
20 1 Freshwater fish
Bivalves and cephalopods 2030f 10 Bivalves and cephalopods Other aquatic animals and eggs: abalone, jellyfish, sea cucumber,
0 2025f CAGR %: 2020-2030f 20 2 Norway whole salmon spot price
Shrimp value added: 6.12bn South sea urchin, caviar, liver and roes, exotics ROW = Rest of the world (NOK/kg)
Groundwater and flatfish 2020 CAGR %: 2010-2020 America
500 -1 2015 0 * Figure just below the minimum requirement for showing a trade flow
Chilean 2-3/lb fresh fillet FOB Miami
Seafood trade value (USD million) Exporting country * Figure just below the minimum requirement for showing a trade flow 0 0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 7.5 6.0 6.5 7.0 7.5 8.0 8.5 0 10 20 30 40 50 60 70 80 ** Figure from 2020 0 0
2012 2013 2014 2015 2016 2017 2018 2019 2020 USD/kg 2010 GDP per capita (USD thousands) *** Island nations include Vanuatu, Kiribati, Papua New Guinea, Federal States of Micronesia, Mauritius, Maldives, Seychelles, Fiji, the Marshall Islands 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (USD/lb)

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Utrecht, April 2022 This map is published in line with Rabobank’s long-term commitment to international food and agribusiness. It is one of the products undertaken by Kaartbeeld, Scherpenzeel, the Netherlands & De Groot Drukkerij bv, Goudriaan, the Netherlands GettyImages Customs, FAO 2019, FAO FIGIS 2019, FAOSTAT 2019, IndexMundi 2021, Kepler Cheuvreux 2022, Kontali 2022, OECD-FAO 2021, OECD-FAO Agricultural Outlook 2021, © Rabobank 2022. No reproduction of this map or any part thereof is permitted without prior consent of the copyright owners. The international and The information on this map is based upon or drawn from various authoritative sources and whilst all reasonable care has been taken in the preparation of this map no warranties can be given as to its accuracy and/or no reliance should be
RaboResearch Food & Agribusiness. Clients of Rabobank can obtain a copy of this map from their Relationship Manager. DeVink MapDesign, Westcliff-on-Sea, United Kingdom Urner Barry 2022, USDOC, The state of world fisheries and aquaculture (2020) FAO of United Nations, Trade Data Monitor 2021 & 2022, VESP 2022, Rabobank 2021 & 2022 other boundaries in this map are taken from authoritative sources and are believed to be accurate as of the date of publication of this map. placed upon the same without further detailed inspection and survey. Therefore, the publishers cannot accept any liability or responsibility for any loss or damage and indeed would be grateful to receive notification of any errors or inconsistencies.