Sea Food Market Trends

Sustainable Tuna – French Market

France is the 3rd largest consumer of frozen tuna in EU and is the 2nd largest producer. Also it acts as the gateway to the southern EU markets. Hence, as a supplier, Sri Lankan can target France for its domestic market as well as for access to more southern markets. Due to changing lifestyles, demand is always increasing for convenient, ready-to-use sustainable products in France. Sri Lankan exporters, who are willing to invest into sustainable products, can explore this market.

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Sustainable Tuna – UK Market Trends

The British market for sustainable tuna is open for new suppliers. British consumers are increasingly concerned about the social & ecological issues related to fishery products. They are willing to pay premium prices and most of the British prefer purchasing sustainable products. Also it is strategically located between the other main sustainable tuna consuming member states such as Scandinavian countries. Sri Lankan exporters and suppliers too can explore these new market openings in the UK's sustainable tuna market.

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Sustainable Tuna – The Netherlands Market Trends

The sustainable tuna market is a relatively new emerging market with high potential in the Netherlands. As the current supply does not meet the demand, exporters will find many market opportunities and be in a strong position to negotiate prices. In recent years, it re-exported about 80% of imported tuna to the other EU destinations. Therefore, as a supplier, there are opportunities to supply other countries through the Netherlands. Sri Lankan exporters can explore this market for new opportunities.

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Frozen Shrimps and Prawns – Trends in UK

The UK is among the five largest EU's seafood consumer states. Even though UK does catch/cultivate shrimps it relies largely on seafood imports. As an exporter of easy-to-use meals or products from new receipts in single or 2 person portions you may expect higher prices and margins in the UK market. Sri Lankan exporters too can explore this market for new opportunities.

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Frozen Shrimps & Prawns – Spanish Trends

Spain is the largest consumer as well as the only large producer of frozen shrimps and prawns in the EU region. Certified sustainable and organic exporters may find Spanish market openings easier and due to changing lifestyles,there is an increased demand for convenience and luxury in fishery products. Out of the volume imported, developing countries have a major share and Sri Lankan suppliers and exporters can explore this market for better opportunities.

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Frozen Shrimps & Prawns – Italian Trends

Italy is the third largest consumer in EU after Spain & France and is the third largest importer of frozen shrimps and prawns in EU. Imports from developing countries mostly contribute to these volumes and you can expect higher prices & margins for ready-to-eat value added products. Sri Lankan exporters and suppliers can explore these markets for new opportunities.

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Frozen Shrimps & Prawns – French Trends

The market for shrimps and prawns is an established market in France and is expected to increase in the coming years. Although France does catch/cultivate shrimps, it relies mainly on imports. It is the second largest importer in EU for frozen shrimps and prawns and most of these imports are from developing countries. Sri Lankan exporters too can explore this market for new opportunities.

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Frozen Fish & Fillets – Promising EU Markets

EU is the largest frozen fish and fillet market in the world. The decrease in EU production in recent years has widened the opportunities for products from developing countries. Although fresh fish still holds a significant share in the market, there is a positive development towards more frozen products in recent years. Sri Lankan exporters and suppliers can explore this market for new opportunities.

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Frozen Fish & Fillets – EU Trends & Segments

Consumption of frozen fish & fillets between member states in EU varies enormously. Consumer concerns result in increased demand for sustainable frozen fish and fillets while the demand for more information and quality assurance increases. This has led to increased prices and created opportunities to meet up with the large buyers. Sri Lankan exporters who are willing to invest in value added & quality products can explore this market for better opportunities.

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Frozen Cuttlefish & Squid – Spanish Trends

Cuttlefish and squid are popular in Mediterranean countries and Spain is the largest EU seafood consumer. Out of total EU cuttlefish & squid production, Spain accounts for 99% and still, it is the largest importer in the EU region. Developing countries share a major share of these imports; hence, Sri Lankan exporters & potential exporters can explore Spanish cuttlefish & squid market for opportunities.

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