WORLD – China has been recognized as the third largest exporter of tuna products globally, according to discussions at the International Tuna Industry (Shanghai) Summit Forum.
The event, organized by Frozen Food Guide, Zhejiang Ocean Fisheries Association, and the Shanghai International Fishery Expo, gathered over 200 participants, including key industry figures, experts, and elites.
It was noted that China’s tuna catch for 2023 is estimated to reach 395,000 tons, with 49 companies and 486 fishing vessels involved in the industry.
Between 2018 and 2022, the number of fishing vessels has fluctuated between 498 and 511, comprising 14 to 16 purse seine vessels and 483 to 495 longline vessels.
However, Xu warns that the sector is facing significant obstacles, including labor shortages, declining global demand, and rising fuel and labor costs, which are threatening long-term sustainability.
Bill Holden, Director of the Global Tuna Project at the Marine Stewardship Council (MSC), also addresses the summit, discussing the global tuna market and sustainability prospects.
He shares that China accounted for 7% of the global tuna product export market in 2022, ranking third behind Thailand, which leads with a 29% market share, and Ecuador at 15%. China exports 25% of its tuna to Thailand and 17% to Spain.
The global tuna market remains volatile, but industry projections show steady growth.
In 2023, the global market for tuna products is valued at US$41.94 billion, with expectations of reaching US$42.96 billion in 2024 and US$54.45 billion by 2032.
This growth is predicted at a compound annual growth rate (CAGR) of 3.01%.
Europe currently leads the market, holding 36.39% of the global share in 2023.
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